Blackstone (BX)
Manages real estate, private equity, credit, insurance, and multi-asset strategies for global investors.
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Raises and invests institutional and individual capital across real estate, private equity, credit and insurance, and multi-asset strategies. Recurring management fees anchor revenue, while performance fees and investment gains vary with fund returns and realizations.
Manages institutional and individual capital across Real Estate, Private Equity, Credit & Insurance, and Multi-Asset Investing. Strategies include opportunistic and core-plus property, real estate debt, buyouts, infrastructure, growth and life sciences, secondaries, direct and liquid credit, insurance portfolios, hedge-fund solutions, and total-portfolio mandates across the Americas, Europe, and Asia.
Pairs a rigorous investment process and global reach with institutional relationships and private-wealth distribution, serving pension funds and insurers while expanding perpetual products for eligible individuals. BREIT, BCRED, BXPE, and infrastructure offerings complement traditional drawdown funds.
Revenue comes mainly from management fees and investment returns on managed assets. Performance revenue depends on fund appreciation and realizations; fundraising depends on investment results, execution, reputation, and investor demand. Perpetual vehicles can permit limited redemptions, and investment advisers and funds operate under securities and financial-services regulation.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | Argus Research | Reiterate | Rating: —Target: $163 | Target: $150 |
| Jul 24, 2026 | RBC Capital | Reiterate | Rating: —Target: $173 | Target: $169 |
| Jul 24, 2026 | Oppenheimer | Reiterate | Rating: —Target: $156 | Target: $140 |
| Jul 24, 2026 | Goldman Sachs | Reiterate | Rating: —Target: $150 | Target: $127 |
| Jul 24, 2026 | Barclays | Reiterate | Rating: —Target: $119 | Target: $128 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.51B · Total debt $14.03B · Total assets $49.89B · Shareholders' equity $9.01B
- Revenue
- $4.77B
- Operating income
- $2.95B
- Net income
- $1.23B
HistoryDividendAnnual yield
| Institutions | 75.73% | 562.58M shares | |
|---|---|---|---|
| 2,248 holders · as of Jun 30, 2026 | |||
| Insiders | 0.45% | 3.31M shares | |
| 10 holders · as of Sep 18, 2026 | |||
| Strategic holders | 8.43% | 62.60M shares | |
| 2 holders · as of Aug 24, 2026 | |||
| Other | 15.39% | 114.39M shares | |
| remainder | |||
742.88M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 6.99% | 51.94M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.53% | 48.51M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 6.19% | 45.99M | filed Jan 29, 2024 |
Morgan StanleyInstitution | 4.69% | 34.84M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.37% | 32.46M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 18, 2026 | Joseph Baratta | director | −100,000 | $123.80 |
| Aug 21, 2026 | Blackstone Holdings IV L.P. | 10 percent owner | +272,642 | $26.14 |
| Jun 23, 2026 | Blackstone Holdings IV L.P. | 10 percent owner | +769,893 | $26.14 |
| Aug 11, 2026 | David Payne | officer: Chief Accounting Officer | −9,500 | $145.23 |
| Aug 11, 2026 | John G. Finley | officer: Chief Legal Officer | −45,000 | $147.11 |
- KKR
PE, real estate, credit, infrastructure, and insurance rival at $758B AUM.
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Largest alt-credit manager; Athene insurance mirrors BCRED perpetual-capital.
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$1T+ AUM; largest global infrastructure and top-3 real estate platform.
- Ares Management
Dominant private credit platform; head-to-head in direct lending and real assets
- The Carlyle Group
Founding-era PE rival with growing credit and real estate; $475B AUM.
- TPG
Multi-platform rival across PE, credit, real estate, and impact; $306B AUM.
- Blue Owl Capital
Pure-play direct lending and GP stakes rival; $315B AUM, permanent capital.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Blackstone | $123.74 | −2.11% | $152.70B | 28.1 | 19.3 | 9.5 | +2.4% |
| KKR | $98.91 | −1.90% | $90.53B | 31.7 | 14.0 | 4.3 | −44.8% |
| Apollo Global Management | $125.47 | −1.91% | $73.67B | 28.6 | 12.8 | 2.0 | +63.7% |
| Brookfield Asset Management | $45.92 | −0.65% | $73.80B | 26.9 | 22.8 | 13.7 | +58.7% |
| Ares Management | $124.53 | −1.69% | $41.60B | 52.6 | 19.2 | 6.5 | +5.8% |
| The Carlyle Group | $40.33 | −1.29% | $14.71B | 42.5 | 9.8 | 3.7 | −29.3% |
| TPG | $45.55 | −2.09% | $17.83B | 53.5 | 14.2 | 3.8 | −31.8% |
| Blue Owl Capital | $9.85 | −1.75% | $15.66B | 84.3 | 10.6 | 5.2 | +7.1% |
| Median | 42.5 | 14.0 | 4.3 | +5.8% |