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Blackstone Inc - Stock Quote BX

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Morningstar's Blackstone Inc Stock Analysis

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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Solid Flows Offset Meagre Market Gains in Blackstone's Q1; No Change to FVE of $130 per Share

Greggory Warren, CFA Sector Strategist

Analyst Note

| Greggory Warren, CFA |

There was little in narrow-moat-rated Blackstone's first-quarter results that would alter our long-term view of the firm. We are leaving our $130 per share fair value estimate in place.

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Blackstone Inc's Company Profile

Business Description

Blackstone is one of the world's largest alternative asset managers with $880.9 billion in total asset under management, including $650.0 billion in fee-earning asset under management, at the end of 2021. The company has four core business segments: private equity (24% of fee-earning AUM, and 32% of base management fees, during 2021); real estate (34% and 39%); credit & insurance (30% and 16%); and hedge fund solutions (12% and 13%). While the firm primarily serves institutional investors (87% of AUM), it does serve clients in the high-net-worth channel (13%). Blackstone operates through 25 offices located in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).

Contact
345 Park Avenue
New York, NY, 10154
T +1 212 583-5000
Sector Financial Services
Industry Asset Management
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 3,795

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