Blackrock (BLK)

• Market cap: $156B
• 1 day: 0.93%
• 5 days: 6.20%
• 1 month: -4.22%
• 3 months: 0.25%
• 6 months: 19.48%
• Year to date: -1.22%
• 1 year: 27.63%
• 5 years: 87.76%
• 10 years: 189.96%
• Sector: Financials
• Industry: Security Brokers, Dealers & Flotation Companies

About: BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% 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: 20,400

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

15% more funds holding in top 10

Funds holding in top 10: 26 [Q2] → 30 (+4) [Q3]

10% more capital invested

Capital invested by funds: $98.3B [Q2] → $108B (+$9.44B) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 663 | Existing positions reduced: 700

6.45% less ownership

Funds ownership: 84.37% [Q2] → 77.92% (-6.45%) [Q3]

8% less funds holding

Funds holding: 1,919 [Q2] → 1,775 (-144) [Q3]

18% less call options, than puts

Call options by funds: $1.29B | Put options by funds: $1.58B

41% less first-time investments, than exits

New positions opened: 170 | Existing positions closed: 287

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $1,053 5% upside
• Avg. target: $1,185 18% upside
• High target: $1,275 27% upside

8 analyst ratings

• positive: 7 88%
• neutral: 1 13%
• negative: 0 0%

Morgan Stanley Mike Cyprys 86% 1-year accuracy 6 / 7 met price target	27% upside $1,275	Overweight Maintained	16 Jan 2025
Keefe, Bruyette & Woods Aidan Hall 93% 1-year accuracy 13 / 14 met price target	17% upside $1,180	Outperform Maintained	16 Jan 2025
Wells Fargo Michael Brown 74% 1-year accuracy 32 / 43 met price target	17% upside $1,175	Overweight Maintained	16 Jan 2025
JP Morgan Kenneth Worthington 67% 1-year accuracy 24 / 36 met price target	5% upside $1,053	Neutral Maintained	16 Jan 2025
Deutsche Bank Brian Bedell 77% 1-year accuracy 33 / 43 met price target	27% upside $1,275	Buy Maintained	16 Jan 2025