Blackrock
BLK

$856.20

2.35%

Market Cap: 127B

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

Financials Security Brokers, Dealers & Flotation Companies

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 16 analysts

0

News positive %

of 71 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]

See Fund Rankings

Research analyst outlook

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

Low target

$767

10%

downside

Avg. target

$924

8%

upside

High target

$1,036

21%

upside

16 analyst ratings

13 positive

81%

3 neutral

19%

0 negative

0%

Citigroup William Katz	9%upside $930	Buy Maintained	16 Jul 2024
Deutsche Bank Brian Bedell	7%upside $912	Buy Maintained	16 Jul 2024
Evercore ISI Group Glenn Schorr	7%upside $920	Outperform Maintained	16 Jul 2024
Argus Research Stephen Biggar	6%upside $910	Buy Maintained	16 Jul 2024
Morgan Stanley Mike Cyprys	21%upside $1036	Overweight Maintained	16 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 71 articles about BLK published over the past 30 days

BlackRock® Canada Announces Final July Cash Distributions for the iShares® Premium Money Market ETF

TORONTO, July 25, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the final July 2024 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on July 26, 2024 will receive cash distributions payable on July 31, 2024.

BlackRock® Canada Announces Final July Cash Distributions for the iShares® Premium Money Market ETF

GeoWealth Secures Growth Investment Round Led by BlackRock

CHICAGO--(BUSINESS WIRE)--Funding to fuel continued investment in GeoWealth's proprietary unified technology platform, supporting a wide array of investment use cases for RIAs.

GeoWealth Secures Growth Investment Round Led by BlackRock

BlackRock Is Trailing S&P500 By 13% YTD, Is There Room For Growth?

BlackRock's stock (NYSE: BLK) has gained roughly 4% YTD as compared to the 17% rise in the S&P500 index over the same period. In sharp contrast, BlackRock's peer State Street's stock (NYSE: STT) is up 10% YTD.

BlackRock Is Trailing S&P500 By 13% YTD, Is There Room For Growth?

BlackRock® Canada Announces July Cash Distributions for the iShares® ETFs

TORONTO, July 19, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the July 2024 cash distributions for the iShares ETFs listed on the TSX or Cboe Canada which pay on a monthly basis. Unitholders of record of a fund on July 26, 2024 will receive cash distributions payable in respect of that fund on July 31, 2024.

BlackRock® Canada Announces July Cash Distributions for the iShares® ETFs

BlackRock Successfully Prices $2.5 Billion Offering of Senior Notes

NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) (“BlackRock”) today successfully priced a $2.5 billion debt offering consisting of three tranches of senior unsecured notes (collectively, the “Notes”): $800,000,000 aggregate principal amount of 4.600% Notes due 2027 $500,000,000 aggregate principal amount of 4.900% Notes due 2035 $1,200,000,000 aggregate principal amount of 5.350% Notes due 2055 The Notes will be issued by BlackRock's wholly owned subsidiary, BlackRock Funding, Inc. (“Bla.

BlackRock Successfully Prices $2.5 Billion Offering of Senior Notes

Investment Company's Earnings Hint at Rate Cuts: Stock Forecast

When the so-called ‘masters of the universe' give investors an inside look into their operations, this usually merits attention because these insights could be the difference between a market-beating year and a market-lagger one. Today, BlackRock Inc. NYSE: BLK has released its second quarter 2024 earnings and, by extension, the reports for its different business segments.

Investment Company's Earnings Hint at Rate Cuts: Stock Forecast

BlackRock Analysts Raise Their Forecasts Following Upbeat Earnings

BlackRock, Inc. BLK reported better-than-expected second-quarter earnings on Monday.

BlackRock Analysts Raise Their Forecasts Following Upbeat Earnings

Zacks Investment Research

Time to Buy BlackRock (BLK) or Goldman Sachs (GS) Stock After Q2 Earnings?

Let's see if now is a good time to buy stock in BlackRock (BLK) or Goldman Sachs (GS) after reporting their Q2 results on Monday.

Time to Buy BlackRock (BLK) or Goldman Sachs (GS) Stock After Q2 Earnings?

CNBC Television

BlackRock's Rick Rieder: Inflation is durably lower and growth is moderating

Rick Rieder, BlackRock CIO of global fixed income, joins 'Closing Bell' to discuss the next move for the Fed, the implications of recent CPI data, and more.

BlackRock's Rick Rieder: Inflation is durably lower and growth is moderating

Spot ether ETFs likely to begin trading July 23, industry sources say

US regulators have told at least three of the eight firms applying to launch exchange-traded funds tied to the price of ether, the world's second-largest cryptocurrency, that they are likely to give the final go-ahead for the new products to launch next Tuesday, July 23, according to three industry sources.

Spot ether ETFs likely to begin trading July 23, industry sources say

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