NYSEFinancialsAsset ManagementSnapshot 2026-08-31
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Create your account →Intact: The reason to own it still holds.
Blackstone grows assets under management by 12% to $1.3 trillion. Fee earnings rose 23% to $1.5 billion. Performance revenues grew 70% year over year. The company returns $1.5 billion to shareholders each quarter.
Redemption requests and withdrawal limits may reduce fee earnings. Earnings missed estimates in Q1 2026. Capital deployment progress is mixed. These could slow growth and returns.
The price is about 21% above our fair value near $100. Analysts expect 18% revenue growth. Our fair value is 36% below the Street median price.
Breaks if: AUM falls below $1.127 trillion
Breaks if: Capital return falls below $1.5 billion per quarter
Breaks if: Fee Related Earnings fall below $1.3 billion
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on increasing revenues and assets under management. The current thesis is in a watch state, reflecting recent strong financial performance but with medium confidence due to potential risks ahead.
The market appears to have priced in a durable premium for BX, suggesting that investors expect continued strong performance. However, there is an expectations gap, indicating that the current valuation may not fully justify the high premium compared to peers.
Management has consistently emphasized priorities like increasing performance revenues and assets under management, and recent results show strong progress in these areas. However, there is a low probability of missing expectations, but caution is warranted due to the high miss rate in the industry.
The thesis hinges on the performance of sector bellwethers like BLK, KKR, and APO. If these companies continue to perform well, BX may benefit from positive sector momentum. Conversely, any negative guidance or performance from these peers could impact BX negatively.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The company announced a partnership with NVIDIA. This partnership aims to develop AI infrastructure financing platforms. It may expand fee streams for Blackstone. However, there are concerns about capital deployment. A project may be scrapped, which could hinder growth.
as of 2026-08-31
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Performance revenues grow less than 0%
Overall, BX is positioned well but faces some risks that could affect its trajectory. Not investment advice.
