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Blackstone reports strong Q4 earnings, raises dividend, as competitor BlackRock also beats expectations.
Blackstone Inc. (BX) reported strong Q4 earnings of $1.01 per share, surpassing analyst expectations, along with a revenue of $2.43 billion.
The company increased its quarterly dividend to $0.86 per share and saw increased investment from firms like Atlas Brown Inc. and Franklin Street Advisors Inc.
Meanwhile, BlackRock Inc. (BLK) also beat earnings expectations with $11.46 per share and $5.20 billion in revenue.
Institutional investors have been adjusting their stakes in both companies, with notable transactions and insider sales reported.
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