Blackrock (BLK)

• Market cap: $147B
• 1 day: -2.19%
• 5 days: -1.45%
• 1 month: -3.18%
• 3 months: -7.86%
• 6 months: -0.30%
• Year to date: -6.95%
• 1 year: 13.55%
• 5 years: 107.91%
• 10 years: 157.19%
• 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: 21,100

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

129% more first-time investments, than exits

New positions opened: 479 | Existing positions closed: 209

33% more funds holding in top 10

Funds holding in top 10: 30 [Q3] → 40 (+10) [Q4]

13% more funds holding

Funds holding: 1,784 [Q3] → 2,010 (+226) [Q4]

12% more capital invested

Capital invested by funds: $108B [Q3] → $120B (+$12.5B) [Q4]

2% more repeat investments, than reductions

Existing positions increased: 655 | Existing positions reduced: 641

1.1% less ownership

Funds ownership: 77.79% [Q3] → 76.69% (-1.1%) [Q4]

40% less call options, than puts

Call options by funds: $1.28B | Put options by funds: $2.15B

Research analyst outlook

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

• Low target: $1,045 10% upside
• Avg. target: $1,166 23% upside
• High target: $1,275 35% upside

7 analyst ratings

• positive: 5 71%
• neutral: 2 29%
• negative: 0 0%

UBS Brennan Hawken 65% 1-year accuracy 22 / 34 met price target	10% upside $1,045	Neutral Maintained	21 Jan 2025
Morgan Stanley Mike Cyprys 57% 1-year accuracy 4 / 7 met price target	35% upside $1,275	Overweight Maintained	16 Jan 2025
Keefe, Bruyette & Woods Aidan Hall 53% 1-year accuracy 9 / 17 met price target	25% upside $1,180	Outperform Maintained	16 Jan 2025
Wells Fargo Michael Brown 54% 1-year accuracy 35 / 65 met price target	24% upside $1,175	Overweight Maintained	16 Jan 2025
JP Morgan Kenneth Worthington 67% 1-year accuracy 22 / 33 met price target	11% upside $1,053	Neutral Maintained	16 Jan 2025