BLK

BlackRock Inc

Finance/Real Estate


Presented:08/13/2018
Price:$475.39
Cap:$75.86B
Current Price:$1,007.00
Cap:$149.16B

Presented

Date08/13/2018
Price$475.39
Market Cap$75.86B
Ent Value$79.94B
P/E Ratio14.45x
Book Value$201.05
Div Yield2.41%
Shares O/S159.58M
Ave Daily Vol601,024
Short Int1.01%

Current

Price$1,007.00
Market Cap$149.16B
BlackRock, Inc. engages in the provision of investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments. The company was founded by Ralph L. Schlosstein, Susan L. Wagner, Robert Steven Kapito, and Laurence Douglas Fink in 1998 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: BlackRock Inc (BLK), Charles Schwab Corp (SCHW)

Highlights

The presenter is long shares of BlackRock (BLK), viewing the recent sell-off in response to Fidelity’s zero-expense fund announcements as a good buying opportunity. He thinks Fidelity’s initiatives have limited impact on market share movements between the large asset managers. In addition, he sees favorable secular tailwinds for BLK, healthy organic growth, and justification for a blended 18x - 19x multiple on BLK shares. He estimates $31.00 of EPS in 2019, for a $600 price target, which equates to 25-30% upside.

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Idea Discussion

Commentor 1 - 2 weeks ago

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