On August 3, Blackstone Group LP rose 3.27% in regular trading, trading at $130.51/share, with turnover of $58.02 million.

On the news front, Blackstone formally signed an agreement with HSBC Holdings to acquire HSBC's Australian housing and personal loan portfolio valued at approximately 360 billion AUD (around $25 billion). The transaction is expected to close in the first half of next year. Blackstone stated this represents the largest residential mortgage portfolio transaction globally, further consolidating its long-term positioning in Asia-Pacific credit markets.

Additionally, multiple analyst upgrades have reinforced positive sentiment. Argus Research raised its price target on Blackstone from $146 to $150 while maintaining a Buy rating. RBC Capital Markets highlighted that the company's record fundraising cycle is expected to boost management fee growth, raising estimates for the next two years by 4% on average to reflect higher transaction fees and fee-related performance revenue. BMO also raised its target price to $150.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)