BLK stock icon

Blackrock
BLK

$794.39
0.57%
 

About: BlackRock is the largest asset manager in the world, with $10.473 trillion in assets under management at the end of March 2024. Its product mix is fairly diverse, with 54% of managed assets in equity strategies, 27% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.

Employees: 19,300

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 8 analysts
0
News positive %
of 49 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

6% more first-time investments, than exits

New positions opened: 150 | Existing positions closed: 142

2% more repeat investments, than reductions

Existing positions increased: 744 | Existing positions reduced: 731

0% more funds holding

Funds holding: 1,882 [Q4 2023] → 1,890 (+8) [Q1 2024]

0% more capital invested

Capital invested by funds: $97.3B [Q4 2023] → $97.7B (+$339M) [Q1 2024]

3% less call options, than puts

Call options by funds: $1.26B | Put options by funds: $1.3B

1.61% less ownership

Funds ownership: 80.68% [Q4 2023] → 79.07% (-1.61%) [Q1 2024]

25% less funds holding in top 10

Funds holding in top 10: 40 [Q4 2023] → 30 (-10) [Q1 2024]

Research analyst outlook

8 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$767
3%
downside
Avg. target
$883
11%
upside
High target
$1,025
29%
upside

8 analyst ratings

positive
50%
neutral
50%
negative
0%
Morgan Stanley
Mike Cyprys
29%upside
$1025
Overweight
Maintained
15 Apr 2024
UBS
Brennan Hawken
7%upside
$850
Neutral
Maintained
12 Apr 2024
Keefe, Bruyette & Woods
Michael Brown
17%upside
$930
Outperform
Reiterated
5 Apr 2024
JP Morgan
Kenneth Worthington
3%downside
$767
Neutral
Maintained
2 Apr 2024
Evercore ISI Group
Glenn Schorr
16%upside
$920
Outperform
Maintained
8 Mar 2024

Financial journalist opinion

Based on 49 articles about BLK published over the past 30 days