Blackstone Inc. is contending with a 23% drop in share prices this year, amidst a broader decline of over 16% across the private equity sector. In response, the company filed a shelf registration for about $1.47 billion in common stock, while also pursuing strategic acquisitions, including recent deals for Champions Group and the Magnolia Power Generating Station. Despite these challenges, Blackstone projects revenue growth to $21.5 billion by 2028, even as CEO Steve Schwarzman collects more than $1.2 billion in compensation.
“KKR and Blackstone · slid · share prices · roughly 9% and 7%, respectively”
“Blackstone Inc. · shares dropped · 23% · this year”
“Blackstone · has · consensus price target · $166.47”
“Blackstone · has · implied return · 42.1%”
“stocks of Ares, Blackstone, BlackRock, Apollo Global Management and The Carlyle Group · declined on average by · more than 16% · since Feb. 1”
“Steve Schwarzman · collected · dividends and compensation · more than $1.2 billion”
“Blackstone · filed a shelf registration for · common stock · approximately US$1.47 billion”
“Blackstone · is linked to · an ESOP-related offering · 12,765,875 shares”
“Blackstone · projects · revenue · $21.5 billion”
“Blackstone · projects · earnings · $10.5 billion by 2028”
“Blackstone · could lift annual revenue to · about US$21.5 billion · before the ESOP news”
“Blackstone · has finalized the acquisition of · Champions Group”
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