Financial Sector Ideas

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>>> Blackstone Inc. (NYSE:BX) - Number of Hedge Fund Holders: 51


https://finance.yahoo.com/news/14-cheap-quarterly-dividend-stocks-161933738.html


Dividend Yield as of 3/29: 5.17%

Blackstone Inc. (NYSE:BX) is the world's largest alternative asset management firm with attractive margins and substantial earnings power. Since the beginning of 2022, Blackstone Inc. (NYSE:BX) shares have declined due to higher interest rates which make buying companies harder with debt. With weakness among some regional banks in recent months, the commercial real estate market could face headwinds and the weakness could potentially negatively affect Blackstone Inc. (NYSE:BX) in the near term as well. While the near term is uncertain depending on how the economy and markets do, Blackstone Inc. (NYSE:BX) is attractive in the long term given its high quality business, a forward P/E ratio of 13.6, and a dividend yield of 5.17% as of 3/29.

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