Blackstone Group is one of the world's leading managers of alternative assets, including private equity, real estate, hedge funds, credit-oriented funds, and closed-end mutual funds. In recent years, Blackstone has rapidly grown its fee-earning assets under management, and its assets are relatively well balanced among private equity, real estate, hedge funds, and credit. The company converted from a publicly traded partnership to a corporation on July 1, 2019.

The volume of weekly insider transactions remains predictably low given the start of earnings season, and the insider-sentiment data from Vickers' Stock Research remains clearly neutral. This ongoing lack of positive sentiment has brought what had been steady improvement in Vickers' overall Insider Index to a halt, as that reading has plateaued. Meanwhile, the NYSE and Nasdaq One-Week Sell/Buy Ratios are relatively close to parity at 4.86 and 5.69, respectively. But the Nasdaq (which had been weaker) is generally improving while the NYSE (which had been stronger) is generally weakening. Should they meet in the middle, overall sentiment will be landlocked in neutral territory, this as stock indices continue to crawl higher and add to impressive gains so far in 2024. On a sector basis, insider buying outpaced selling in Energy, with shares valued at roughly $32 million bought versus about $200,000 sold. Conversely, selling by insiders was particularly notable in Financial, with shares valued at $397 million sold. Selling was also evident in Healthcare, Consumer Staples, and Information Technology. This week, analysts at Vickers highlighted insider transactions of interest at PBF Energy Inc. (NYSE: PBF) and Bank of America Corp. (NYSE: BAC).

Blackstone is the world's largest alternative-asset manager with $1.076 trillion in total asset under management, including $808.7 billion in fee-earning assets under management, at the end of June 2024. The company has four core business segments: private equity (25% of fee-earning AUM and 28% of base management fees), real estate (37% and 42%), credit and insurance (29% and 23%), and multi-asset investing (9% and 7%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).

Blackstone is the world's largest alternative-asset manager with $1.076 trillion in total asset under management, including $808.7 billion in fee-earning assets under management, at the end of June 2024. The company has four core business segments: private equity (25% of fee-earning AUM and 28% of base management fees), real estate (37% and 42%), credit and insurance (29% and 23%), and multi-asset investing (9% and 7%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).