5 Best Dividend Stocks According To Jim Cramer

4. Blackstone Inc. (NYSE:BX)

Number of Hedge Fund Holders: 60

Answering a question about Blackstone Inc. (NYSE:BX) in a Lightning Round on his program, Jim Cramer recently praised Blackstone Inc. (NYSE:BX)’s management and said that he “likes” to “invest” with them. He added that Blackstone Inc. (NYSE:BX) has come down enough but he is not as concerned as he was once. Over the past one year the stock has lost about 6% but on a year-to-date basis Blackstone Inc. (NYSE:BX) is up about 27%.

Hedge funds are also piling into Blackstone Inc. (NYSE:BX). As of the end of the second quarter of 2023, 60 hedge funds out of the 910 funds tracked by Insider Monkey had stakes in Blackstone Inc. (NYSE:BX), up from 45 hedge funds in the previous quarter. The biggest stakeholder of Blackstone Inc. (NYSE:BX) was Thomas Steyer’s Farallon Capital which owns a $284 million stake in the company.

Ithaka US Growth Strategy made the following comment about Blackstone Inc. (NYSE:BX) in its Q3 2023 investor letter:

“Blackstone Inc. (NYSE:BX) is one of the world’s leading alternative asset management firms with total Assets Under Management now in excess of $1 trillion. Over the past few decades Blackstone has evolved into one of the financial service industry’s largest asset gatherers, managing money on behalf of pension funds, insurance companies, and individual investors. The company remains at the forefront of financial innovation, broadening its product offering through time. Today, Blackstone invests clients’ capital across four business segments: (a) Real Estate, (b) Private Equity, (c) Hedge Fund Solutions, and (d) Credit & Insurance. The stock’s relative outperformance in the quarter was in part due to the announcement in early September that it would be added to the S&P 500.”