Investment firms are boosting their stakes in BlackRock and Blackstone, both of which reported strong earnings.

Investment firms have been actively buying shares of asset managers BlackRock and Blackstone. AssuredPartners Investment Advisors LLC bought 401 shares of BlackRock, increasing their holdings to $411,000. BlackRock reported a strong quarter with $11.93 EPS, beating expectations. DnB Asset Management AS also increased its stake in BlackRock by 23.8%, owning 62,355 shares worth $63.9 million. Meanwhile, Boussard & Gavaudan Investment Management LLP has invested $17.8 million in Blackstone, acquiring 103,562 shares. Blackstone reported $1.69 EPS, also exceeding analyst estimates. Both companies are performing well with strong earnings and analyst support.

2 weeks ago
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