BlackRock (BLK)

Re: BlackRock (BLK)

Postby winston » Wed Feb 27, 2019 10:16 pm

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We Just Bought This Stock For The Income Builder Portfolio

by Mike Nadel

According to Value Line’s “Relative P/E” — which compares one stock to the 1,700 it covers, with 1.00 being fairly valued — BlackRock is priced just about right.

VL also says BLK can appreciate about 20% to 60% over the next 3-5 years.


Source: Daily Trade Alert

https://dailytradealert.com/2019/02/27/ ... tfolio-10/
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Re: BlackRock (BLK)

Postby winston » Tue Sep 24, 2019 9:52 pm

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BlackRock

Many on Wall Street love this firm’s growth potential near term and especially long term.

BlackRock Inc. (NYSE: BLK) is the largest asset manager in the world, with more than $5 trillion in assets under management.

Its acquisitions of Merrill Lynch Investment Management and iShares transformed it from a fixed income manager into a multi-product and multi-channel giant, with roughly 40% of its assets under management overseas.

It has leading franchises in exchange-traded funds (ETFs), institutional fixed income, alternatives and cash. It also operates Solutions, a leader in risk analytics.

The company’s strong historical and prospective dividend growth is underpinned by the high-quality and diversified business model. Dividends have increased 18% annually over the past 10 years. Dividend growth likely will moderate but remains solid in the low teens, consistent with expectations for earnings growth in the years ahead.

The Jefferies report noted this:

Management has been able to drive +7.2% organic growth year to date, and tech revs are up 15.4% year over year.

The company had record-breaking fixed income flows in the second quarter and we expect that momentum to continue into the third quarter.

Shares trade at 14.5 times 2020 estimated EPS, which we view as an attractive entry point considering the positive secular trends supporting the company.

Shareholders receive a 3% dividend.

The Jefferies price objective for the shares is $537, while the Wall Street consensus price target is $524.46.

The stock closed Monday at $446.20 a share.

Source: Jefferie's
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Re: BlackRock (BLK)

Postby winston » Wed Feb 19, 2020 1:43 pm

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BlackRock Inc. (BLK)

On Wall Street, BlackRock is known as one of the largest asset managers in the world. Pulling the trigger on BLK in the fourth quarter, Bridgewater purchased over 32,000 shares for $16.1 million.

Following the company’s solid quarterly performance, several analysts also see the stock as a Buy.

In Q4, BLK posted EPS of $8.34, well above the $7.66 consensus estimate. In addition, long-term inflows surpassed the Street’s $82 billion projection, landing at $99 billion or a 6.1% annualized pace.

While higher opex led to an operating margin compression of 254 basis points to 43.5%, Morgan Stanley’s Michael Cyprys thinks the print was positive overall.

“4Q19 results this morning demonstrate BLK's ability to continue delivering strong organic growth,” the four-star analyst explained. On top of this, he pointed out, “Debunking ‘too big to grow fears,’ BLK delivered 7%-plus organic asset growth for the full year 2019, which is an acceleration from 2.1%-plus organic growth in 2018 and 4.3%-plus average growth rate over last five years. Importantly, strong net new money growth translated into 5% organic base fee growth in 2019, better than the 2% growth in 2018.”

Based on this report, Cyprys expects other analysts to make adjustments to their outlooks for 2020. “Higher AUM levels, better fee rate, and strong organic growth trajectory should support upward revisions to consensus EPS, despite higher core G&A expense guidance into 2020,” he noted.

With the company also hoping to receive the board’s approval for a dividend increase, the deal is sealed for Cyprys. In line with his bullish take on the financial stock, he left both his Overweight rating and $603 price target unchanged. Should the target be met, a twelve-month gain of 7% could be in the cards. (To watch Cyprys’ track record, click here)

In general, the rest of the Street is on the same page. With 7 Buys and 2 Holds received in the last three months, the consensus rating comes in as a Strong Buy.

Source: TipRanks
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Re: BlackRock (BLK)

Postby winston » Tue May 12, 2020 11:41 am

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BlackRock's Largest Shareholder Sells 22% Stakes

PNC, BlackRock’s largest shareholder, plans to sell its entire 22% shareholdings.

BlackRock is going to buy back US$1.1 billion in common shares.

Its stock price slipped 2.3% during the extended trading hours to US$481.99.

Source: AAStocks Financial News
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Re: BlackRock (BLK)

Postby winston » Tue May 12, 2020 9:37 pm

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Fed Will Start Buying Bond ETFs Tuesday; Blackrock To Make Over $15 Million In Fees

Source: Investing.com
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Re: BlackRock (BLK)

Postby winston » Wed Oct 28, 2020 3:18 pm

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BlackRock (BLK)

You don’t get much bigger than BLK, with $7 trillion in assets under management.

In fact, when the Federal Reserve jumped into action to buy bonds to save the U.S. economy and the U.S. dollar, they turned to BLK.

At this point, BLK runs the entire bond portfolio and much of the asset portfolio for the Federal Reserve. That’s a pretty good endorsement of company scope and quality.

Recently, the company announced that it was liquidating some of its private funds in China and rolling the money into its Chinese mutual fund business for individual investors. This will allow it to expand its market in China, a key growth market.

The stock is up 26% year to date and 38% in the past year. It delivers a 2.2% dividend and has P/E ratio of 21, well below the average for the S&P 500.

Source: Investor Place
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Re: BlackRock (BLK)

Postby winston » Thu Jan 14, 2021 10:44 pm

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Jan 13, 2021


BlackRock Is A Play On Passive Investing

BlackRock (NYSE:BLK) is the largest asset manager in the world, has more than $7.8 trillion in assets under management (AUM). Nearly two-thirds of that figure is tied to index funds and exchange traded funds (ETFs).

Mutual funds are still a $21 trillion business. The ETF industry, by comparison, recently surpassed $5 trillion in AUM. $400 billion in new money was invested in ETFs in 2020, well above 2019 inflows.

BlackRock’s iShares ETFs are 46% of the ETF Market.

BlackRock is trading at 21.3x forward earnings, a bargain when you consider where this company could be in 5-10 years.

Shares are in overbought territory on the RSI, but could get a lot more overbought if BlackRock strikes the right chords tomorrow.



Source: MarketBeat.com

https://www.investing.com/analysis/blac ... -200555752
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Re: BlackRock (BLK)

Postby winston » Fri Jan 15, 2021 7:16 am

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BlackRock results beat expectations as assets grow to US$8.68 tril

by Saqib Iqbal Ahmed & Ambar Warrick

The firm drew US$127 billion of total net inflows in the fourth quarter.

BlackRock's adjusted net income of US$10.18 per share in the fourth quarter topped Wall Street estimates of US$9.14.


Source: Reuters

https://www.theedgemarkets.com/article/ ... us868-tril
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Re: BlackRock (BLK)

Postby winston » Fri Jan 15, 2021 11:33 am

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Asset Manager BlackRock’s Earnings Beat Wall Street Estimates; Target Price $890

by Vivek M. Kumar

Six analysts who offered stock ratings for BlackRock in the last three months forecast the average price in 12 months at $791.33 with a high forecast of $890.00 and a low forecast of $602.00.

Morgan Stanley gave a base target price of $890 with a high of $1,338 under a bull scenario and $413 under the worst-case scenario.

BMO Capital Markets upped their price objective to $602 from $594 and gave the company a market perform rating.

Deutsche Bank upped their price objective to $802 from $795 and gave the company a buy rating.

Wells Fargo & Company upped their price objective to $805 from $700 and gave the company an overweight rating.

At last, Citigroup upped their price objective to $800 from $690 and gave the company a buy rating.


Risks to Upside:
1) Growth in highly scalable iShares franchise driving margin expansion and strong EPS growth.
2) Further growth in tech & high fee products such as alts, active equities, and multi-asset


Risks to Downside:
1) Market share loss in ETFs; lack of positive op leverage in declining markets.
2) Worse than expected base fee pressure through pricing initiatives or mix shift.
3) Greater regulatory scrutiny; liquidity challenges in products.


https://finance.yahoo.com/news/asset-ma ... 22476.html
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Re: BlackRock (BLK)

Postby winston » Mon Feb 22, 2021 2:50 pm

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BlackRock (BLK)

BlackRock has over $8.67 trillion in assets under management. The company is one of the dominant index funds in the US financial scene, and saw $16.2 billion revenue last year, with a net income of $4.9 billion.

BlackRock’s recent Q4 report shows its strength, as far as numbers can. EPS came in at $10.02 per share, a 12% sequential gain and a 20% year-over-year gain. Quarterly revenues of $4.8 billion were up 17% yoy. The full-year top line was up 11% from 2019. BlackRock achieved all of this even as the corona crisis flattened the economy in 1H20.

In the first quarter of this year, BlackRock declared its regular quarterly dividend, and raised the payment by 13% to $4.13 per common share.

At an annualized payment of $16.52, this gives a yield of 2.3%. The company has kept the dividend reliable for the past 12 years.

Not wanting to miss out on a compelling opportunity, Dalio's fund pulled the trigger on 19,917 shares, giving it a new position in BLK. The value of this new addition? More than $14 million.

Covering BLK for Deutsche Bank, analyst Brian Bedell writes, “We view 4Q results as very good with strong long-term net inflows across its products which we expect to continue despite a one-time, $55bn pension fund outflow of low-fee equity index assets expected in 1H21 which mgmt. said would have a minimal impact on base fee revenue.

Additionally, total net inflows drove annualized organic base management fee growth of 13%, a quarterly record, on annualized long-term organic AuM growth of 7%. We expect organic base fee growth to exceed organic AuM growth coming into 2021 driven by a flow mix skewed toward higher fee-rate products for now.”

To this end, Bedell rates BLK a Buy and his $837 price target suggests the stock has ~18% upside ahead of it. (To watch Bedell’s track record, click here)

The analyst consensus tells a very similar story. BLK has received 6 Buy ratings in the last three months, against a single Hold – a clear sign that analysts are impressed with the company’s potential. Shares sell for $710.11, and the average price target of $832.17 gives the stock a 17% upside potential.

Source: TipRanks
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