BlackrockBLK
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 Q4 regulatory filings by fund managers ($100M+ AUM)
116% more first-time investments, than exits
New positions opened: 442 | Existing positions closed: 205
33% more funds holding in top 10
Funds holding in top 10: 30 [Q3] → 40 (+10) [Q4]
11% more capital invested
Capital invested by funds: $108B [Q3] → $120B (+$11.7B) [Q4]
9% more funds holding
Funds holding: 1,781 [Q3] → 1,933 (+152) [Q4]
3% more repeat investments, than reductions
Existing positions increased: 642 | Existing positions reduced: 621
1.62% less ownership
Funds ownership: 77.92% [Q3] → 76.31% (-1.62%) [Q4]
40% less call options, than puts
Call options by funds: $1.28B | Put options by funds: $2.15B
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
UBS Brennan Hawken 74% 1-year accuracy 25 / 34 met price target | 7%upside $1,045 | Neutral Maintained | 21 Jan 2025 |
Morgan Stanley Mike Cyprys 57% 1-year accuracy 4 / 7 met price target | 31%upside $1,275 | Overweight Maintained | 16 Jan 2025 |
Keefe, Bruyette & Woods Aidan Hall 65% 1-year accuracy 11 / 17 met price target | 21%upside $1,180 | Outperform Maintained | 16 Jan 2025 |
Wells Fargo Michael Brown 52% 1-year accuracy 31 / 60 met price target | 21%upside $1,175 | Overweight Maintained | 16 Jan 2025 |
JP Morgan Kenneth Worthington 71% 1-year accuracy 24 / 34 met price target | 8%upside $1,053 | Neutral Maintained | 16 Jan 2025 |
Financial journalist opinion
Based on 40 articles about BLK published over the past 30 days
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