Synovus Financial Corp and others have increased their stake in Blackstone Inc. (
$BX). The company is considered a standout in its industry but is thought to be currently overpriced. On the contrary, the general sentiment among analysts remains mixed, with more than one entity, including
MetLife Investment Management LLC and
FORA Capital LLC, reducing their holdings. Despite this, Blackstone's recognition as a key beneficiary of lower interest rates has a positive impact on the market. Blackstone's stock price is expected to rise from $173 to around $200-$215 due to increased momentum in alternative assets. Meanwhile,
AlphaQuest LLC has acquired a substantial stake in Blackstone. There is a debate regarding whether
BlackRock or Blackstone has an edge in asset management. The future outlook for 2025 is also a topic of discussion. Blackstone has recently shown signs of difficulty as a deal nears collapse. Despite this, the company has reported better than expected earnings for Q2 2025. Blackstone's latest venture includes the submission of a bid for
Statkraft's Indian wind and solar assets. Other deals include the purchase of a stake in Cvent and acquisition of mortgage-backed loans with a value of $2 billion. In a surprise move, Blackstone and founder
Wolfe Herd plan to sell a substantial portion of Bumble.
Blackstone BX News Analytics from Thu, 17 Apr 2025 07:00:00 GMT to Sun, 31 Aug 2025 00:10:57 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 2
