How Is Blackstone's Stock Performance Compared to Other Financial Stocks?

New York-based Blackstone Inc. (BX) is an alternative asset management firm specializing in private equity, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies. Valued at $102.7 billion by market cap, the company typically invests in early-stage, seed, middle market, mature, late venture and later stage companies, and also provides capital markets services.

Companies worth $10 billion or more are generally described as “large-cap stocks,” and BX definitely fits that description, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the asset management industry.

Despite its notable strength, BX slipped 28% from its 52-week high of $190.09, achieved on Sep. 18, 2025. Over the past three months, BX stock gained 24.2%, outperforming State Street Financial Select Sector SPDR ETF’s (XLF) 13.8% gains during the same time frame.

Shares of BX fell 11.1% on a YTD basis and dipped 18.1% over the past 52 weeks, underperforming XLF’s YTD gains of 5.7% and 8.2% returns over the last year.

To confirm the bullish trend, BX has been trading above its 200-day moving average since early August. The stock has been trading above its 50-day moving average since mid-April, with some fluctuations.

BX underperformance stemmed primarily from prolonged "higher-for-longer" interest rates, which elevated borrowing costs and compressed net asset valuations across its core leveraged buyout and real estate portfolios. Sustained weakness in commercial real estate particularly office properties drastically slowed asset monetization and exit activity, suppressing lucrative performance-fee realizations and cash distributions. Compounding these structural pressure points, elevated redemption requests in key private credit funds like BCRED slowed net inflows, while delays in capital deployment led to weaker management fee growth through the first half of the year.   

In the competitive arena of asset management, Apollo Global Management, Inc. (APO) has taken the lead over BX, with a 7.4% downtick on a YTD basis and a 1.1% gain over the past 52 weeks.

Wall Street analysts are reasonably bullish on BX’s prospects. The stock has a consensus “Moderate Buy” rating from the 23 analysts covering it, and the mean price target of $144.35 suggests a potential upside of 5.5% from current price levels.

On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.