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BlackRock Inc - Stock Quote BLK

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Morningstar's BlackRock Inc Stock Analysis

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Economic Moat

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Capital Allocation

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Equity and Credit Market Volatility Will Affect Flows and AUM Levels at BlackRock in the Near Term

Greggory Warren, CFA Sector Strategist

Business Strategy and Outlook

| Greggory Warren, CFA |

With wide-moat BlackRock crossing the $10 trillion mark in assets under management at the end of 2021, concerns about the firm being too large to grow have emerged again. We saw this complaint come up when the company had just over $1 trillion in AUM back during the 2008-09 financial crisis, as well as just about every time the firm has passed another trillion-dollar marker during the past decade. While one of our key bear points on BlackRock is that the sheer size and scale of its operations would end up eventually being the biggest impediment to the firm's longer-term growth, we don't believe we are quite there yet.

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BlackRock Inc's Company Profile

Business Description

BlackRock is the largest asset manager in the world, with $9.570 trillion in AUM at the end of March 2022. Product mix is fairly diverse, with 53% of the firm's managed assets in equity strategies, 28% in fixed income, 8% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's iShares 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 also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.

Contact
55 East 52nd Street
New York, NY, 10055
T +1 212 810-5300
Sector Financial Services
Industry Asset Management
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 18,700

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