- BlackRock’s assets under management (AUM) stand at $10.65 trillion, a 13% year-over-year increase, meeting estimates of $10.73 trillion.
- Adjusted EPS (earnings per share) is $10.36, significantly higher than the previous year’s $9.28 and above the estimate of $9.93.
- Net inflows total $81.57 billion, a 1.8% year-over-year increase, though below the estimated $101.24 billion.
- Long-term inflows amount to $51.37 billion, falling short of the estimated $85.77 billion.
- Institutional net outflows are $37.47 billion, while retail net inflows are $5.70 billion.
- Equity net inflows are $6.44 billion, considerably below the estimated $31.85 billion.
- Fixed income net inflows reach $35.41 billion, surpassing the estimate of $28 billion.
- Revenue is $4.81 billion, a 7.7% year-over-year increase, but slightly below the estimate of $4.83 billion.
- Investment advisory performance fees are $164 million, a 39% year-over-year increase, exceeding the estimate of $143.6 million.
- Base fees and securities lending revenue are $3.88 billion, close to the estimate of $3.9 billion.
- Technology services revenue is $395 million, a 10% year-over-year increase, exceeding the estimate of $389.3 million.
- Operating margin is 37.5%, up from 36.2% year-over-year and higher than the estimated 37.1%.
- Adjusted operating margin is 44.1%, compared to 42.5% year-over-year and the estimate of 42.7%.
- Total expenses are $3.01 billion, a 5.5% year-over-year increase, slightly below the estimate of $3.02 billion.
Blackrock Inc on Smartkarma
Analysts on Smartkarma, such as Behind the Money and Baptista Research, are closely following Blackrock Inc. Behind the Money‘s research report titled “Best Of: BlackRock Goes All in on Infrastructure” highlights Blackrock’s recent acquisition of Global Infrastructure Partners, solidifying its position in the private capital sector. The report emphasizes a shift towards alternative assets in the industry and points to potential wide-ranging effects on the private capital industry. This bullish sentiment serves as a wake-up call for Wall Street firms to reassess their strategies and partnerships.
Similarly, Baptista Research‘s analysis, “BlackRock Inc.: A Hybrid Strategy In A Shifting Asset Management Landscape! – Key Drivers,” focuses on BlackRock, Inc.’s significant growth in its fourth quarter and full-year results of 2023. The research report portrays a positive outlook, particularly with the announcement of the agreement to acquire Global Infrastructure Partners (GIP). This bullish stance indicates confidence in Blackrock’s strategic moves in adapting to a shifting asset management landscape, showcasing resilience and forward-thinking amidst industry changes.
A look at Blackrock Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Blackrock Inc has been assessed using Smartkarma Smart Scores, which provide a holistic view of the company’s long-term outlook across different key factors. With moderate scores across Value, Dividend, Growth, Resilience, and a strong score in Momentum, Blackrock Inc seems to be positioned decently in terms of overall performance. The company offers diversified investment management services to institutional and retail clients through various investment vehicles, along with risk management services to fixed income investors. This balanced scoring suggests a stable outlook for Blackrock Inc, with a notable positive momentum factor driving its future prospects.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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