Added to YB: 2024-11-22
Pitch date: 2024-11-20
BX [bullish]
Blackstone Inc.
-16.43%
current return
Author Info
No bio for this author
Company Info
Blackstone Inc. is an alternative asset management firm specializing in private equity, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies.
Market Cap
$122.6B
Pitch Price
$180.91
Price Target
N/A
Dividend
2.52%
EV/EBITDA
N/A
P/E
45.01
EV/Sales
N/A
Sector
Capital Markets
Category
dividend
RiverPark Long/Short Opportunity Fund Portfolio Holding: Blackstone Inc.
BX: Q3 DE $0.96, FRE $0.91, FRPR $177M, all slightly below expectations. Mgmt expects Q4 FRE uptick. Long-term bullish: consistent double-digit AUM growth, high-margin recurring fees, strong investment performance, $B uninvested capital. 2% dividend yield. Attractive risk/reward at below-market valuation.
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