Overview

• Alternative asset manager reported strong Q2 earnings growth and $68.3 of inflows

• Company declared a quarterly dividend of $1.29 per share

Result Drivers

• AI INVESTMENT STRATEGY - Co said leaning into artificial intelligence megatrend drove standout investment performance across strategies

• INFLOWS - Co reported $68.3 bln of inflows in Q2

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Dividend		$1.29

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 10 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the investment management & fund operators peer group is "buy"

• Wall Street's median 12-month price target for Blackstone Inc is $137.00, about 11.5% above its July 22 closing price of $122.82

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads

• July 23 - Blackstone's quarterly profit gets boost from asset pile, AI investment gains

• July 22 - Wellington, Vanguard, Blackstone launch funds targeting wealthy investors

• July 21 - Goldman Sachs creates private markets platform for wealthy clients, memo shows

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