Blackstone (NYSE:BX) Stock, Quote.Headers.trade-ideas

Blackstone

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).

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Blackstone Mortgage Trust Inc

Nuveen S&P 500 Buy-Write Income Fund Common Shares of Beneficial Interest

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BLOCKCHAIN INST OF TECH by BLOCKCHAIN INSTITUTE OF TECHNOLOGY INC.

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Australian Silica Quartz Group Ltd

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BBVA

CRBG

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UPST

Shares of companies in the broader financial services and banking sectors are trading higher amid overall market strength following the Fed's rate cut, which could drive a rise in spending and lending demand.

Investors with a lot of money to spend have taken a bullish stance on Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Blackstone.
This isn't normal.
The overall sentiment of these big-money traders is split between 62% bullish and 37%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $199,379, and 2 are calls, for a total amount of $58,250.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $152.5 and $180.0 for Blackstone, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Blackstone stands at 258.8, with a total volume reaching 2,615.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Blackstone, situated within the strike price corridor from $152.5 to $180.0, throughout the last 30 days.
<h3>Blackstone Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726580829_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$14.45</td>
<td>$13.25</td>
<td>$14.45</td>
<td>$165.00</td>
<td>$50.5K</td>
<td style="text-align: right;">23</td>
<td style="text-align: right;">35</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.92</td>
<td>$1.59</td>
<td>$1.59</td>
<td>$152.50</td>
<td>$35.7K</td>
<td style="text-align: right;">104</td>
<td style="text-align: right;">605</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.76</td>
<td>$1.59</td>
<td>$1.59</td>
<td>$152.50</td>
<td>$33.9K</td>
<td style="text-align: right;">104</td>
<td style="text-align: right;">348</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$15.0</td>
<td>$12.0</td>
<td>$12.0</td>
<td>$180.00</td>
<td>$30.0K</td>
<td style="text-align: right;">59</td>
<td style="text-align: right;">16</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$5.65</td>
<td>$5.5</td>
<td>$5.65</td>
<td>$160.00</td>
<td>$28.2K</td>
<td style="text-align: right;">946</td>
<td style="text-align: right;">254</td>
</tr>
</tbody>
</table>

<h3>About Blackstone</h3>
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).
Following our analysis of the options activities associated with Blackstone, we pivot to a closer look at the company's own performance.
<h3>Blackstone's Current Market Status</h3>
<ul>
<li>With a volume of 77,149, the price of BX is up 0.42% at $155.21. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 30 days.</li>
</ul>
<h3>What Analysts Are Saying About Blackstone</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $148.5.
<ul>
<li>An analyst from Wells Fargo downgraded its action to Overweight with a price target of $163. </li>
<li>In a cautious move, an analyst from Redburn Atlantic downgraded its rating to Neutral, setting a price target of $134. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Blackstone options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Blackstone's Options Frenzy: What You Need to Know

Vista Equity And Blackstone Close To Deal To Acquire Smartsheet For Approximately $56 Per Share, Valuing The Company At Nearly $8B

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AGNC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$95.6K</td>
<td>68.9K</td>
<td>6.8K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$23.00</td>
<td>$49.5K</td>
<td>15.2K</td>
<td>2.7K</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$52.50</td>
<td>$49.7K</td>
<td>13.0K</td>
<td>2.2K</td>
</tr>
<tr>
<td>SQ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$67.00</td>
<td>$900.0K</td>
<td>0</td>
<td>2.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$150.00</td>
<td>$112.9K</td>
<td>1.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$77.50</td>
<td>$175.0K</td>
<td>793</td>
<td>1.0K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$55.00</td>
<td>$56.9K</td>
<td>5.5K</td>
<td>787</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$145.00</td>
<td>$35.0K</td>
<td>546</td>
<td>253</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$150.00</td>
<td>$30.0K</td>
<td>2.7K</td>
<td>118</td>
</tr>
<tr>
<td>V</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$290.00</td>
<td>$45.9K</td>
<td>6</td>
<td>52</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding AGNC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>), we observe a call option sweep with bearish sentiment. It expires in 123 day(s) on January 17, 2025. Parties traded 1518 contract(s) at a $10.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $95.6K, with a price of $63.0 per contract. There were 68988 open contracts at this strike prior to today, and today 6871 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on September 20, 2024. Parties traded 1500 contract(s) at a $23.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $33.0 per contract. There were 15281 open contracts at this strike prior to today, and today 2755 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a put option sweep that happens to be bullish, expiring in 4 day(s) on September 20, 2024. This event was a transfer of 1772 contract(s) at a $52.50 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $49.7K, with a price of $28.0 per contract. There were 13085 open contracts at this strike prior to today, and today 2253 contract(s) were bought and sold. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a put option trade that happens to be bullish, expiring in 46 day(s) on November 1, 2024. This event was a transfer of 2000 contract(s) at a $67.00 strike. The total cost received by the writing party (or parties) was $900.0K, with a price of $450.0 per contract. There were 0 open contracts at this strike prior to today, and today 2001 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bullish, expiring in 123 day(s) on January 17, 2025. This event was a transfer of 34 contract(s) at a $150.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $112.9K, with a price of $3321.0 per contract. There were 1074 open contracts at this strike prior to today, and today 1295 contract(s) were bought and sold. 
• For AIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), we notice a call option sweep that happens to be bullish, expiring in 60 day(s) on November 15, 2024. This event was a transfer of 1000 contract(s) at a $77.50 strike. This particular call needed to be split into 43 different trades to become filled. The total cost received by the writing party (or parties) was $175.0K, with a price of $175.0 per contract. There were 793 open contracts at this strike prior to today, and today 1002 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option sweep that happens to be bullish, expiring in 32 day(s) on October 18, 2024. This event was a transfer of 633 contract(s) at a $55.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $56.9K, with a price of $90.0 per contract. There were 5529 open contracts at this strike prior to today, and today 787 contract(s) were bought and sold. 
• For KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we notice a call option trade that happens to be neutral, expiring in 123 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $350.0 per contract. There were 546 open contracts at this strike prior to today, and today 253 contract(s) were bought and sold. 
• Regarding BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we observe a call option sweep with bullish sentiment. It expires in 123 day(s) on January 17, 2025. Parties traded 21 contract(s) at a $150.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $30.0K, with a price of $1434.0 per contract. There were 2771 open contracts at this strike prior to today, and today 118 contract(s) were bought and sold. 
• For V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we notice a call option sweep that happens to be bullish, expiring in 46 day(s) on November 1, 2024. This event was a transfer of 50 contract(s) at a $290.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $45.9K, with a price of $920.0 per contract. There were 6 open contracts at this strike prior to today, and today 52 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

AGNC

COIN

HOOD

10 Financials Stocks With Whale Alerts In Today's Session

High-rolling investors have positioned themselves bullish on Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in BX often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 45 options trades for Blackstone. This is not a typical pattern.
The sentiment among these major traders is split, with 51% bullish and 42% bearish. Among all the options we identified, there was one put, amounting to $50,400, and 44 calls, totaling $2,715,443.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $175.0 for Blackstone over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Blackstone options trades today is 1749.93 with a total volume of 48,148.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Blackstone's big money trades within a strike price range of $100.0 to $175.0 over the last 30 days.
<h3>Blackstone Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726246207_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$16.7</td>
<td>$15.7</td>
<td>$15.73</td>
<td>$160.00</td>
<td>$235.7K</td>
<td>106</td>
<td>156</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$15.85</td>
<td>$14.4</td>
<td>$14.99</td>
<td>$135.00</td>
<td>$224.9K</td>
<td>4.0K</td>
<td>151</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$7.65</td>
<td>$7.6</td>
<td>$7.6</td>
<td>$150.00</td>
<td>$151.2K</td>
<td>2.2K</td>
<td>2.0K</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$5.75</td>
<td>$4.6</td>
<td>$5.2</td>
<td>$145.00</td>
<td>$144.5K</td>
<td>4.9K</td>
<td>357</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$7.7</td>
<td>$7.65</td>
<td>$7.7</td>
<td>$150.00</td>
<td>$140.3K</td>
<td>2.2K</td>
<td>702</td>
</tr>
</tbody>
</table>

<h3>About Blackstone</h3>
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).
In light of the recent options history for Blackstone, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Blackstone's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,637,000, with BX's price up by 0.64%, positioned at $147.44.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 34 days.</li>
</ul>
<h3>What Analysts Are Saying About Blackstone</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $147.66666666666666.
<ul>
<li>An analyst from Redburn Atlantic downgraded its action to Neutral with a price target of $134. </li>
<li>Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for Blackstone, targeting a price of $146. </li>
<li>An analyst from Wells Fargo downgraded its action to Overweight with a price target of $163. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Blackstone options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Looking At Blackstone's Recent Unusual Options Activity

<a href="https://www.bloomberg.com/news/articles/2024-09-13/vista-blackstone-seek-3-2-billion-private-debt-for-smartsheet?sref=y3YMCJ4e" title="https://www.bloomberg.com/news/articles/2024-09-13/vista-blackstone-seek-3-2-billion-private-debt-for-smartsheet?sref=y3YMCJ4e">https://www.bloomberg.com/news/articles/2024-09-13/vista-blackstone-seek-3-2-billion-private-debt-for-smartsheet?sref=y3YMCJ4e</a>

Financing

'Vista, Blackstone Seek $3.2B Private Debt For Smartsheet' - Bloomberg News

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PGR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$255.00</td>
<td>$399.7K</td>
<td>1.6K</td>
<td>2.1K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$21.00</td>
<td>$37.8K</td>
<td>4.1K</td>
<td>1.6K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$200.00</td>
<td>$37.0K</td>
<td>2.3K</td>
<td>917</td>
</tr>
<tr>
<td>CRBG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$26.00</td>
<td>$33.5K</td>
<td>619</td>
<td>767</td>
</tr>
<tr>
<td>IVZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$15.00</td>
<td>$47.3K</td>
<td>727</td>
<td>412</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$45.00</td>
<td>$122.0K</td>
<td>1.1K</td>
<td>203</td>
</tr>
<tr>
<td>MA</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$500.00</td>
<td>$50.4K</td>
<td>128</td>
<td>64</td>
</tr>
<tr>
<td>BK</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$75.00</td>
<td>$26.7K</td>
<td>45</td>
<td>60</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$100.00</td>
<td>$242.5K</td>
<td>351</td>
<td>53</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$410.00</td>
<td>$34.1K</td>
<td>65</td>
<td>6</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For PGR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>), we notice a call option trade that happens to be bullish, expiring in 8 day(s) on September 20, 2024. This event was a transfer of 1950 contract(s) at a $255.00 strike. The total cost received by the writing party (or parties) was $399.7K, with a price of $205.0 per contract. There were 1673 open contracts at this strike prior to today, and today 2110 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option sweep that happens to be bullish, expiring in 36 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $21.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $37.8K, with a price of $189.0 per contract. There were 4126 open contracts at this strike prior to today, and today 1655 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bullish, expiring in 99 day(s) on December 20, 2024. This event was a transfer of 28 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $1324.0 per contract. There were 2314 open contracts at this strike prior to today, and today 917 contract(s) were bought and sold. 
• Regarding CRBG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRBG#NYSE">CRBG</a>), we observe a put option sweep with bearish sentiment. It expires in 36 day(s) on October 18, 2024. Parties traded 479 contract(s) at a $26.00 strike. This particular put needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $33.5K, with a price of $70.0 per contract. There were 619 open contracts at this strike prior to today, and today 767 contract(s) were bought and sold. 
• For IVZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>), we notice a call option sweep that happens to be neutral, expiring in 36 day(s) on October 18, 2024. This event was a transfer of 412 contract(s) at a $15.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $47.3K, with a price of $115.0 per contract. There were 727 open contracts at this strike prior to today, and today 412 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option trade with bullish sentiment. It expires in 127 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $45.00 strike. The total cost received by the writing party (or parties) was $122.0K, with a price of $610.0 per contract. There were 1151 open contracts at this strike prior to today, and today 203 contract(s) were bought and sold. 
• For MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we notice a put option trade that happens to be neutral, expiring in 99 day(s) on December 20, 2024. This event was a transfer of 22 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $50.4K, with a price of $2291.0 per contract. There were 128 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold. 
• Regarding BK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), we observe a call option trade with neutral sentiment. It expires in 491 day(s) on January 16, 2026. Parties traded 50 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $535.0 per contract. There were 45 open contracts at this strike prior to today, and today 60 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a call option trade that happens to be bullish, expiring in 281 day(s) on June 20, 2025. This event was a transfer of 50 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $242.5K, with a price of $4850.0 per contract. There were 351 open contracts at this strike prior to today, and today 53 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a call option trade that happens to be bearish, expiring in 827 day(s) on December 18, 2026. This event was a transfer of 3 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $34.1K, with a price of $11370.0 per contract. There were 65 open contracts at this strike prior to today, and today 6 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

10 Financials Stocks Whale Activity In Today's Session

Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $142.2, a high estimate of $164.00, and a low estimate of $120.00. This current average reflects an increase of 7.22% from the previous average price target of $132.62. 
<img src="https://www.benzinga.com/files/images/story/2024/1726149736_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Blackstone among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Overweight</td>
<td>$163.00</td>
<td>-</td>
</tr>
<tr>
<td>Nicholas Watts</td>
<td>Redburn Atlantic</td>
<td>Announces</td>
<td>Neutral</td>
<td>$134.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Brungardt</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$146.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$164.00</td>
<td>$144.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$141.00</td>
<td>$126.00</td>
</tr>
<tr>
<td>Craig Siegenthaler</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$145.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Bill Katz</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$120.00</td>
<td>$114.00</td>
</tr>
<tr>
<td>Crispin Love</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$149.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$126.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Crispin Love</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$134.00</td>
<td>$143.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Blackstone. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Blackstone compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Blackstone's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Blackstone's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Blackstone analyst ratings.</a>
<h2>Unveiling the Story Behind Blackstone</h2>
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).
<h3>Key Indicators: Blackstone's Financial Health</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, Blackstone faced challenges, resulting in a decline of approximately -6.92% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 19.38%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Blackstone's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 6.45% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Blackstone's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.11%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: With a high debt-to-equity ratio of 1.73, Blackstone faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

10 Analysts Assess Blackstone: What You Need To Know

Wells Fargo analyst Michael Brown initiates coverage on Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) with a Overweight rating and announces Price Target of $163.

Price Target

Initiation

Wells Fargo Initiates Coverage On Blackstone with Overweight Rating, Announces Price Target of $163

Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) has outperformed the market over the past 15 years by 4.85% on an annualized basis producing an average annual return of 16.34%. Currently, Blackstone has a market capitalization of $109.25 billion. 
Buying $1000 In BX: If an investor had bought $1000 of BX stock 15 years ago, it would be worth $10,165.12 today based on a price of $142.21 for BX at the time of writing.
<h3>Blackstone's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726000230_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $10,000 Today

Blackstone Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) and Vista Equity Partners, part of a private equity consortium, are reportedly in talks to acquire Smartsheet Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>), which has a market value of around $7 billion.
A deal could be finalized in the coming weeks if discussions remain on track, reported Reuters. The specific terms of the potential agreement have not yet been disclosed.
As per the report, Smartsheet has not responded to requests for comment, while Vista, which holds a 4.7% stake in the company, and Blackstone declined to comment.
On Thursday, Smartsheet reported a second-quarter adjusted EPS of $0.44, surpassing the $0.29 estimate. Sales reached $276.41 million, <a target="_blank" href="https://www.benzinga.com//node/40740114" rel="noreferrer noopener">beating the $274.19 million estimate</a>.
Blackstone has been on an acquisition spree lately. Yesterday, Blackstone and CPP Investments announced that they are set to acquire&nbsp;AirTrunk&nbsp;from Macquarie Asset Management and the Public Sector Pension<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40705246/blackstone-makes-largest-asia-pacific-investment-with-airtrunk-buyout-amid-ai-and-data-boom-deta" rel="noreferrer noopener"> Investment Board for over A$24 billion</a>.
On Monday, Blackstone affiliates reached a deal to acquire an 80% stake in the Burstone Group&#8217;s Pan-European Logistics (PEL) platform,&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40687136/whats-going-on-with-blackstone-stock-premarket-tuesday" rel="noreferrer noopener">valued at €1.022 billion (R20 billion)</a>.
Investors can gain exposure to the BX stock via&nbsp;EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>) and&nbsp;Invesco Global Listed Private Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSP#NYSE">PSP</a>).
Price Action: BX shares are up 0.94% at $139.57 and SMAR stock is up 8.62% at $53.67 at the last check Friday.
Image via Unsplash/ Headway
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/09/40714141/barry-manilow-sues-blackstone-backed-song-catalog-company-that-owns-music-rights-to-justin-" target="_blank" rel="noreferrer noopener">Barry Manilow Sues Blackstone-Backed Song Catalog Company That Owns Music Rights To Justin Bieber, Ed Sheeran, Journey And More</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Investor Consortium Including Vista Equity And Blackstone Is In Talks To Acquire Smartsheet, Sources Say

Singer Barry Manilow is known for many hit songs including "Looks Like We Made It." Manilow could soon be saying "looks like we made it" to the point of a lawsuit as he takes on song catalog company <a href="https://www.benzinga.com/markets/equities/24/04/38483981/blackstone-clinches-hipgnosis-deal-expanding-music-rights-portfolio">Hipgnosis Songs Fund.</a>
What Happened: Hipgnosis Songs Fund is one of several song catalog companies under the Hipgnosis brand that are owned by Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) thanks to an acquisition earlier this year.
Manilow is one of the many musicians who sold their song catalogs in recent years. The sale of his song catalog back in 2020 is now the subject of a $1.5 million lawsuit against Hipgnosis Songs Fund.
The singer and Stiletto Entertainment filed the lawsuit for $1.5 million in unpaid bonus funds in U.S. District Court, according to a report from <a href="https://variety.com/2024/music/news/barry-manilow-sues-hipgnosis-unpaid-funds-1236129154/">Variety</a>. The lawsuit also accuses Hipgnosis of fraud, fraudulent misrepresentation and breach of contract.
Hipgnosis sued Manilow last month for breach of contract. A Hipgnosis representative <a href="https://www.ft.com/content/48f36737-29f9-412f-b7d8-998c9c197334">told </a>the Financial Times its lawsuit came due to a "difference in understanding of certain clauses in the sale agreement regarding bonus payments."
The song catalog company said two $750,000 bonus payments on top of the original $7.5 million paid for the catalog were contingent on Manilow's songs having income increase 10% or more in the subsequent years after the purchase. Hipgnosis said the songs did not meet the conditions for the bonuses.
Manilow's lawsuit accuses Hipgnosis of not pursuing items originally discussed including licensing for commercials, films and television and reissuing albums.
"Hipgnosis promised to provide a full-time, dedicated team of qualified industry professionals to devote themselves to optimizing the value of the royalties they purchased," the lawsuit from Manilow reads.
Read Also: <a href="https://www.benzinga.com/general/entertainment/24/08/40515995/michael-jacksons-1-5b-catalog-lands-court-approval-for-sale-thriller-for-sony">Michael Jackson&#8217;s $1.5B Catalog Lands Court Approval For Sale — &#8216;Thriller&#8217; For Sony</a>
Why It's Important: The lawsuit could be a big deal in the current era of older musicians cashing out on their song catalogs to large song-owning companies such as Hipgnosis and Blackstone.
A potential ruling on whether Hipgnosis failed in living up to promises of marketing and new album releases could be used for more musicians in the future if they choose to take on their Hipgnosis contracts.
Hipgnosis was launched in 2018 by music executive and manager Merck Mercuriadis. The company spent over $2 billion on the rights to songs to create one of the largest song catalog companies globally.
The company has the rights to songs from the Red Hot Chili Peppers, Journey, The Chainsmokers, Shakira, Neil Young, Ed Sheeran, Justin Bieber, Shawn Mendes and hundreds more.
"Hipgnosis owns and manages over $3 billion worth of the most successful and culturally important songs of all time. Our portfolio consists of over 40,000 songs from more than 150 catalogues. We create value by optimizing revenue generation, driving consumption and advocating on behalf of songwriters," the Hipgnosis <a href="https://www.hipgnosissongs.com/">website </a>reads.
One of the largest deals for Hipgnosis was a $200 million deal for Justin Bieber's song catalog <a href="https://www.benzinga.com/general/entertainment/23/01/30571797/justin-bieber-lands-200m-catalog-deal-with-this-blackstone-owned-company-why-artists-privat">in January 2023,</a> marking one of the biggest deals for an artist in the current generation of singers.
Blackstone paid $1.6 billion to acquire the company, adding over 40,000 songs to its portfolio, which also includes other song catalog companies and rights.
Mercuriadis stepped down from Hipgnosis in July. Blackstone acquired the company after its share price had significantly fallen and shareholders pushed for changes.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/08/40564358/trump-vs-foo-fighters-former-president-uses-song-my-hero-at-rally-without-permission-band-p">Trump Vs. Foo Fighters: Former President Uses Song &#8216;My Hero&#8217; At Rally Without Permission, Band Pledges Royalties Donation To Harris Campaign</a></li>
</ul>
Photo: Raif Liebhold via Shutterstock

Blackstone Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) shares are trading slightly lower premarket Wednesday. Blackstone and CPP Investments are set to acquire AirTrunk from Macquarie Asset Management and the Public Sector Pension <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40702401/blackstone-announces-agreement-to-acquire-airtrunk-in-a-a-24b-transaction" rel="noreferrer noopener">Investment Board for over A$24 billion.</a>
AirTrunk is one of the largest data center platforms in Asia Pacific and has over 800MW of committed capacity and land for more than 1GW of future expansion.
This is Blackstone&#8217;s largest Asia Pacific investment and is pending approval from the Australian Foreign Investment Review Board.
Sean Klimczak, Global Head of Blackstone Infrastructure and Nadeem Meghji, Global Co-Head of Blackstone Real Estate, said, &#8220;Digital infrastructure is experiencing unprecedented demand driven by the AI revolution as well as the broader digitization of the economy.&#8221;
&#8220;Prior to AirTrunk, Blackstone&#8217;s portfolio consisted of $55 billion of data centers including facilities under construction, along with over $70 billion in prospective pipeline development.&#8221;
It is expected that there will be approximately $1 trillion of capital expenditures in the U.S. over the next five years to build and facilitate new data centers, with another $1 trillion of capital expenditures outside the U.S., per the company&#8217;s statement.&nbsp;
On Monday, Blackstone affiliates reached a deal to acquire an 80% stake in the Burstone Group's Pan-European Logistics (PEL) platform, <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40687136/whats-going-on-with-blackstone-stock-premarket-tuesday" rel="noreferrer noopener">valued at €1.022 billion (R20 billion)</a>.
Investors can gain exposure to the BX stock via&nbsp;EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>) and&nbsp;Invesco Global Listed Private Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSP#NYSE">PSP</a>).
Price Action: BX shares are down 0.54% at $137.45 premarket at the last check Wednesday.  
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40226827/blackstone-sells-964m-apartment-portfolio-to-equity-residential" target="_blank" rel="noreferrer noopener">Blackstone Sells $964M Apartment Portfolio To Equity Residential</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Blackstone Disclosed A Deal to Acquire AirTrunk For An Implied Enterprise Value Of Over A$24B

Investors with a lot of money to spend have taken a bearish stance on Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Blackstone.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 55%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $119,620, and 6 are calls, for a total amount of $348,553.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $175.0 for Blackstone during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Blackstone's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Blackstone's whale activity within a strike price range from $125.0 to $175.0 in the last 30 days. 
<h3>Blackstone Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725395440_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$16.0</td>
<td>$13.9</td>
<td>$16.0</td>
<td>$150.00</td>
<td>$96.0K</td>
<td>136</td>
<td style="text-align: right;">60</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$1.79</td>
<td>$1.42</td>
<td>$1.55</td>
<td>$147.00</td>
<td>$85.2K</td>
<td>9</td>
<td style="text-align: right;">550</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$21.0</td>
<td>$19.0</td>
<td>$21.0</td>
<td>$140.00</td>
<td>$52.5K</td>
<td>162</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$14.8</td>
<td>$12.7</td>
<td>$13.8</td>
<td>$125.00</td>
<td>$48.3K</td>
<td>1.2K</td>
<td style="text-align: right;">46</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.9</td>
<td>$3.75</td>
<td>$3.9</td>
<td>$130.00</td>
<td>$47.1K</td>
<td>1.3K</td>
<td style="text-align: right;">205</td>
</tr>
</tbody>
</table>

<h3>About Blackstone</h3>
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).
After a thorough review of the options trading surrounding Blackstone, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Blackstone</h3>
<ul>
<li>Currently trading with a volume of 2,314,747, the BX's price is down by -2.96%, now at $138.14. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 44 days.</li>
</ul>
<h3>Expert Opinions on Blackstone</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $140.0.
<ul>
<li>An analyst from Deutsche Bank has decided to maintain their Buy rating on Blackstone, which currently sits at a price target of $146. </li>
<li>Reflecting concerns, an analyst from Redburn Atlantic lowers its rating to Neutral with a new price target of $134.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Blackstone options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

A Closer Look at Blackstone's Options Market Dynamics

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Shares of companies within the broader financial sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) shares are trading slightly lower premarket Tuesday. On Monday, Blackstone affiliates reached a deal to acquire an 80% stake in the Burstone Group&#8217;s Pan-European Logistics (PEL) platform, valued at €1.022 billion (R20 billion).
As per the deal, Burstone will retain a <a target="_blank" href="https://assets.ctfassets.net/lwj37n970879/2XYb49rcngUQNWdzsmUFE/bad8b47565c0402908f1830f56e560d9/Burstone_PRESS_RELEASE_-_south_african_media_release_-_FINAL.pdf" rel="noreferrer noopener">20%</a> co-investment in the PEL platform and will continue to manage the portfolio&#8217;s assets.
The portfolio includes 32 mid-sized and large logistics properties situated in key European urban centers across seven countries, predominantly in Germany, France, and the Netherlands.
The portfolio, spanning 1.2 million sqm, is 97% leased to over 110 tenants, mainly in third-party logistics, who benefit from the properties&#8217; strategic locations and excellent transport connectivity.
Burstone and Blackstone will collaborate to expand the PEL portfolio by targeting the acquisition of industrial and logistics properties in key European markets.
The transaction is subject to regulatory and shareholder approvals. Burstone is projected to receive immediate cash proceeds of €250 million from the sale.
James Seppala, Head of European Real Estate, Blackstone, said, &#8220;Logistics is one of our highest conviction investment themes globally. This exceptionally well-located portfolio of assets in core logistics markets across Europe is additive to our existing portfolio and allows us to continue to capitalise on customer demand, including as a result of growing e-commerce penetration trends across the continent.&#8221;
Apart from this, Blackstone, together with the Canada Pension Plan Investment Board, is reportedly close to acquiring Sydney-based data center company AirTrunk from Macquarie's asset management arm for A$20 billion ($13.5 billion), betting on the growth of cloud computing and AI.
If completed, the deal would be the largest transaction in Australia this year. Blackstone was competing with a rival consortium of private equity firm Silver Lake and asset manager DigitalBridge for AirTrunk, <a target="_blank" href="https://www.ft.com/content/d7399891-15a4-47fb-b8f3-47970e156956" rel="noreferrer noopener">reported</a> Financial Times.
Investors can gain exposure to the BX stock via&nbsp;EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>) and&nbsp;Invesco Global Listed Private Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSP#NYSE">PSP</a>).
Price Action: BX shares are down&nbsp;0.60% at&nbsp;$141.50 premarket at the last check Tuesday.&nbsp;&nbsp;
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40226827/blackstone-sells-964m-apartment-portfolio-to-equity-residential" target="_blank" rel="noreferrer noopener">Blackstone Sells $964M Apartment Portfolio To Equity Residential</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

What's Going On With Blackstone Stock Premarket Tuesday?

Global markets started September cautiously, with thin trading volumes as U.S. stock markets were closed for <a href="https://www.benzinga.com/markets/equities/24/09/40674353/is-the-market-open-on-labor-day">the Labor Day holiday</a>.
European markets closed the session marginally in the green, as traders anticipate imminent interest rate cut by the European Central Bank, The pan-European Euro Stoxx 50 index gained 0.3% for the day, closing at its highest level since mid-July. In Germany, the DAX index edged up 0.1%, setting a new record for its closing price.
Among large-cap European stocks, Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) led the gains with a 3.6% rise, followed by Orange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORAN#NYSE">ORAN</a>) and Telefonica SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEF#NYSE">TEF</a>), which climbed 1.7% and 1.5%, respectively.
The biggest laggards were Airbus SE (OTCPK: EADSY) , which fell 1.4%, Adidas AG (OTCPK: ADDY), down 0.9%, and both Kering SA (OTCPK: PPRUY) and BMW AG (OTCPK: BMWYY), each slipping 0.8%.
<h3 class="wp-block-heading">Other Markets</h3>
In the currency market, the euro rose 0.2% to 1.1070 against the dollar as of 2:00 p.m. ET: , snapping three straight sessions of declines. The British pound inched 0.1% against the greenback, while the Australian dollar rose 0.4%. 
The Japanese yen was the weakest performer on Monday, dropping 0.4% against the dollar, extending the trend from last week amid a reduction expectations for an aggressive Federal Reserve rate cut. 
In commodities markets, U.S. natural gas futures surged 2.8% to $2.10 per Million British Thermal Units, spurred by heightened demand for cooling. The Midwest region faced record-breaking temperatures over the weekend, prompting intense heat warnings for more than 60 million residents and driving up air conditioner usage.
Crude oil futures rose 0.5%, while gold eased 0.2% with the yellow metal falling slightly below $2,498.91. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose over 2% to 58,550, after dropping 2.8% on Sunday. 
<h3 class="wp-block-heading">Monday&#8217;s Major Company News</h3>
<ul>
<li>The German automaker BMW is recalling its electric Mini Cooper SE vehicles due to battery issues that could potentially impact over 140,000 cars globally, according to Reuters.</li>
<li>In a note released on Monday by the European Medicines Agency (EMA), Dutch pharmaceutical company Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVO#NYSE">NOVO</a>) advised healthcare professionals to continue restricting the initiation of new patients until the supply situation stabilizes. Shares of Novo Nordisk fell 1%.</li>
<li>Private equity giant Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) has reached an agreement to acquire an 80% stake in a European warehouse portfolio managed by landlord Burstone Resources Inc. (OTCPK: BBSRF). </li>
</ul>
Read also: 
<ul>
<li><a href="https://www.benzinga.com/24/09/40676774/september-market-seasonality-why-this-month-is-historically-the-toughest-for-investors">September Market Seasonality: Why This Month Is Historically The Toughest For Investors</a></li>
</ul>

$BTC

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European Aeronautic Defence And Space Unsponsored

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European Stocks Little Moved On Labor Day, German DAX Mark Record Close, Natural Gas Futures Rise: What's Driving Markets Monday?

Financial giants have made a conspicuous bearish move on Blackstone. Our analysis of options history for Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $267,400, and 2 were calls, valued at $71,760.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to $145.0 for Blackstone over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Blackstone's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Blackstone's whale trades within a strike price range from $130.0 to $145.0 in the last 30 days. 
<h3>Blackstone Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724955366_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.95</td>
<td>$8.65</td>
<td>$9.55</td>
<td>$130.00</td>
<td>$47.7K</td>
<td>264</td>
<td style="text-align: right;">201</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.75</td>
<td>$8.75</td>
<td>$9.5</td>
<td>$130.00</td>
<td>$47.5K</td>
<td>264</td>
<td style="text-align: right;">392</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$9.8</td>
<td>$9.55</td>
<td>$9.6</td>
<td>$130.00</td>
<td>$46.0K</td>
<td>264</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$8.7</td>
<td>$8.55</td>
<td>$8.7</td>
<td>$140.00</td>
<td>$45.2K</td>
<td>1.7K</td>
<td style="text-align: right;">52</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$8.75</td>
<td>$8.5</td>
<td>$8.7</td>
<td>$140.00</td>
<td>$42.6K</td>
<td>1.7K</td>
<td style="text-align: right;">101</td>
</tr>
</tbody>
</table>

<h3>About Blackstone</h3>
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).
In light of the recent options history for Blackstone, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Blackstone</h3>
<ul>
<li>Currently trading with a volume of 1,353,442, the BX's price is up by 0.07%, now at $140.18. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 49 days.</li>
</ul>
<h3>What The Experts Say On Blackstone</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $140.0.
<ul>
<li>An analyst from Redburn Atlantic downgraded its action to Neutral with a price target of $134. </li>
<li>An analyst from Deutsche Bank has decided to maintain their Buy rating on Blackstone, which currently sits at a price target of $146. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Blackstone, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding Blackstone's Options Activity: What's the Big Picture?

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Blackstone Energy Transition Partners Announces Majority Investment in Westwood Professional Services, Inc., Leading Engineering & Consulting Firm

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Blackstone (BX) Forecast

Blackstone (NYSE:BX) Stock, Quote.Headers.trade-ideas