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 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: $96.9B [Q2] → $106B (+$9.43B) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 663 | Existing positions reduced: 700
6.25% less ownership
Funds ownership: 83.15% [Q2] → 76.9% (-6.25%) [Q3]
8% less funds holding
Funds holding: 1,919 [Q2] → 1,774 (-145) [Q3]
17% less call options, than puts
Call options by funds: $1.29B | Put options by funds: $1.55B
46% less first-time investments, than exits
New positions opened: 169 | Existing positions closed: 314
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Morgan Stanley Mike Cyprys 100% 1-year accuracy 6 / 6 met price target | 23%upside $1,261 | Overweight Maintained | 20 Dec 2024 |
Barclays Benjamin Budish 69% 1-year accuracy 72 / 104 met price target | 19%upside $1,220 | Overweight Maintained | 9 Dec 2024 |
Deutsche Bank Brian Bedell 75% 1-year accuracy 30 / 40 met price target | 10%upside $1,133 | Buy Maintained | 11 Nov 2024 |
Evercore ISI Group Glenn Schorr 97% 1-year accuracy 32 / 33 met price target | 13%upside $1,160 | Outperform Maintained | 7 Nov 2024 |
JP Morgan Kenneth Worthington 71% 1-year accuracy 24 / 34 met price target | 11%downside $914 | Neutral Maintained | 21 Oct 2024 |
Financial journalist opinion
Based on 80 articles about BLK published over the past 30 days
