BlackRock (BLK)

BlackRock (BLK)

Postby winston » Tue Jun 23, 2015 5:09 pm

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Set-It-and-Forget-It Stocks to Buy: BlackRock (BLK)

Last but not least, while there’s no denying there are some outstanding long-term ETF plays out there that could have easily earned a spot on this list of long-term stocks to buy, the best investment in the ETF space may not be one of those funds.

Instead, it may be a company that creates and manages those funds … a name like BlackRock (BLK), which owns the ubiquitous iShares ETF organization.

In other words, why buy from the middleman when you can be the middleman, collecting a perpetual toll every year?

A recent outlook from Goldman Sachs put the long-term opportunity for BlackRock, via iShares, in perspective.

The investment bank believes the amount of money invested in ETFs could double to $6 trillion by the year 2020, which means the amount of money BLK earns in ETF management fees is also on pace to double over the course of the coming five years.

The dividend yield of 2.4% BLK presently dishes out could grow accordingly.

Source: Investor Place
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Re: BlackRock (BLK)

Postby winston » Thu Jul 16, 2015 9:04 pm

Carl Icahn calls BlackRock a 'dangerous' company, cites ETF concerns

Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid

By Sam Forgione

NEW YORK (Reuters) - Billionaire activist investor Carl Icahn on Wednesday lambasted BlackRock Inc (BLK.N), the world's largest asset manager, as an "extremely dangerous company" because of the prevalence of its exchange-traded fund products, which Icahn deems illiquid.

"They sell liquidity," Icahn said in reference to BlackRock's ETF business. "There is no liquidity. That’s my point. And that’s what’s going to blow this up."

Icahn was speaking at the CNBC Institutional Investor Delivering Alpha Conference in New York, sharing the stage with Larry Fink, chief executive of BlackRock. Icahn said he was concerned about the amount of money invested in high-yield ETFs, which he called "overpriced."

Icahn said that when the Federal Reserve hikes interest rates, investors would likely sell their high-yield ETFs, and that he feared the consequences of such a sell-off since he said there would be nobody to buy them. Icahn has previously said he believes the high-yield bond market was in a bubble.

Fink countered that Icahn's characterisations of ETFs were "dead wrong" and that the index funds were just "a tool for buying exposure." Fink also said that ETFs "create more price transparency than anything in the bond market today," especially in high-yield.

The U.S. ETF market has roughly $2.1 trillion in assets, according to ETF.com.

Fink also said higher interest rates would result in more money flowing into the bond market. He reiterated that the Fed would likely raise rates in September and that normalization of the Fed's funds rates would be good for the economy.

On activist investors, Fink said: "there are good ones and there are some bad ones." Fink said BlackRock would continue to be in "deep dialogue" with companies the firm has issues with.

Earlier this year, Fink urged the top executives of the 500 largest publicly listed U.S. companies to take a long-term approach to create value for shareholders or risk losing his firm's support.

In a letter to the chief executive officers of the S&P 500 index dated March 31, Fink asked the companies to avoid short-term pressures created by the increasing activist shareholder activity of recent years.

Fink repeated that sentiment Wednesday and said: "There is a growing network of activists who have now focussed on more short-term proxy harassment ... they're in for one or two years."

He also said that he was "deeply worried" about excessive share repurchases on behalf of companies, instead of companies growing capital investment, research and development, and hiring.

In 2014, dividends and buybacks in the United States totalled $900 billion, the highest ever, according to Fink's letter.

BlackRock had $4.7 trillion in assets under management at the end of the second quarter.


Source: Reuters
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Re: BlackRock (BLK)

Postby winston » Mon Sep 07, 2015 9:33 pm

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BlackRock sees new opportunity in China real estate

BlackRock Inc is ready to increase its China real estate portfolio exposure as it sees good entry points following the weakness in the nation's economy and credit environment, a senior executive of the U.S. money manager said on Monday.

John Saunders, Head of Asia-Pacific Real Estate at BlackRock, told Reuters the fund would target mass-affluent shopping malls and grade "A" and "B" offices in China's first- tier and selective second-tier cities for investments.

"We see the current malaise as a good entry point that we believe will throw up some good opportunities," Saunders said in an interview at his office in Hong Kong's central business district.

New York-based BlackRock, the world's biggest asset manager, oversees about $8 billion in property investments in Asia.

"For a period in time we didn't do a lot in China, because the pricing didn't seem conducive for us to make returns, whilst underwriting reasonable levels of growth.

Now that picture has changed and China has become our key market for sure. It has been softening for the past 18 to 24 months," Saunders added.

Yields in Chinese retail real estate investment markets have compressed to around 6 percent in the first half of this year due to expensive land cost and excess supply, according to property consultancy Colliers. They were about 9 percent a decade ago.

But yields are holding up relatively well for them even as capital values have weakened, Saunders said. BlackRock said it owns a shopping mall in the southwestern city of Chengdu.

Saunders, who joined from Singapore-based property investment firm MGPA when it was acquired by BlackRock in 2013, also saw opportunities in distressed residential projects in the mainland.

China, the world's second largest economy, is forecast to grow at its slowest pace in 25 years hurt by soft demand, over-capacity and falling investment. It has been further buffeted by a recent stock market slide and surprise yuan devaluation.

Currency depreciation, in fact, can make real estate investment favorable, if a firm hedges its currency exposure early, he said.

"When a currency depreciates, hard assets tend to appreciate, because people take flight from paper currency deprecation into hard asset."

Other than China, Saunders said he is also upbeat on Japan, and Australia in the near term, adding that Hong Kong appeared "pricey".

Source: Reuters
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Re: BlackRock (BLK)

Postby winston » Tue Oct 13, 2015 6:51 am

BlackRock, The Stock Market, & The Alleged Evils Of “Volatility”

By Tyler Durden

http://www.thetradingreport.com/2015/10 ... olatility/
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Re: BlackRock (BLK)

Postby winston » Fri Mar 11, 2016 11:30 am

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This Dividend Is Back in the Black(Rock)

The asset management titan, BlackRock, based in New York City, was founded in 1988 and began paying a dividend in 2003, which has grown at about a 17% annual rate since 2009.

Like many firms tied to the financial industry the company was affected by the 2008-2009 crash. BLK was forced to freeze the payout at $0.78 for eight quarters. However, the investment industry has since stabilized, and assets under management have grown to $4.5 trillion.

BLK is likely to keep increasing the dividend, the current yield is 2.8%, based upon its trailing P/E of 16.5, forward multiple of 14.7, past and projected double-digit EPS growth rates, payout ratio of 47%, a minuscule long term debt/equity level of 0.18, and the fact that no recent bad news seems to have cropped up.

Source: Investor Place
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Re: BlackRock (BLK)

Postby winston » Thu Apr 14, 2016 8:33 pm

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BlackRock first-quarter profit falls 20 percent

BY TREVOR HUNNICUTT AND SUDARSHAN VARADHAN

Source: Reuters

http://www.reuters.com/article/us-black ... the%20Bell
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Re: BlackRock (BLK)

Postby winston » Tue Dec 05, 2017 10:29 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 roughly $4.9 trillion
in assets under management.

Its acquisitions of Merrill Lynch Investment Management (MLIM) 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, 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.

Shareholders receive a 2% dividend. Merrill Lynch has a $500 price objective, while the consensus price target is $520.92. Shares closed Friday at $502.08.

Source: 24-7 Wall Street
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Re: BlackRock (BLK)

Postby winston » Thu Feb 15, 2018 8:52 pm

4 Reasons to Add BlackRock (BLK) Stock to Your Portfolio Now

1. Earnings Per Share (EPS) Growth: 26.2% and 10.7% in 2018 and 2019
2. Revenue Strength: 11.8% in 2018
3. Impressive Capital Deployment Activities: 15% dividend hike and it has a share buyback plan
4. Strategic Acquisitions:


Source: Zacks Equity Research

https://finance.yahoo.com/news/4-reason ... 01365.html
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Re: BlackRock (BLK)

Postby winston » Thu Nov 15, 2018 1:34 pm

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BlackRock is the largest asset manager in the world, with $6.444 trillion in AUM (assets under management) at the end of September 2018.

Product mix is fairly diverse, with 54% of the firm’s managed assets in equity strategies, 29% in fixed income, 8% in multi-asset class, 7% in money market funds, and 2% in alternatives.

Passive strategies account for two thirds of long-term AUM, with the company’s iShares ETF platform maintaining a leading market share both domestically and on a global basis.

Product distribution is weighted more toward institutional clients, which by our calculations account for 80% of total AUM.

BlackRock is geographically diverse as well, with clients in more than 100 countries and more than one third of its AUM coming from investors domiciled outside the United States and Canada.

https://dailytradealert.com/2018/11/14/ ... vember-16/
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