BlackRock, Inc. (NYSE:BLK)

CAPS Rating: 4 out of 5

An Investment management firm in the United States that manages fixed income, cash management, equity and alternative investment products on behalf of institutional and individual investors.

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Member Avatar racoveanul (80.23) Submitted: 7/3/2014 11:47:37 AM : Outperform Start Price: $323.41 BLK Score: +0.20

I picked this stock because it is rated 10 by Stockscouter, it has a dividend and a beta computed by Yahoo Finance of more than 1.

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Member Avatar TerryHoodSr (49.40) Submitted: 6/1/2014 10:49:34 PM : Outperform Start Price: $303.07 BLK Score: +4.27

BLK 5YR REV 19%, 5YR EPS 27%

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Member Avatar zzgorch (42.62) Submitted: 5/12/2014 5:54:15 PM : Outperform Start Price: $303.10 BLK Score: +2.67

Largest money manager in the U.S (meaning they can move markets and lobby for favorable laws), foward P/E below that of the current S&P500, healthy dividend (2.5+%) and a PEG just over 1 (a little higher than I usually like, but growers can justify it). I think this is a no-brainer over the next few years.

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Member Avatar 401ktimer1 (65.39) Submitted: 4/3/2014 1:50:04 PM : Outperform Start Price: $313.53 BLK Score: -1.72

http://news.investors.com/investing-the-income-investor/040214-695616-which-stocks-are-forming-bases.htm

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Member Avatar Sicb (< 20) Submitted: 10/17/2013 12:46:24 PM : Outperform Start Price: $291.69 BLK Score: -3.54

BlackRock, Inc. (BlackRock) is an investment management firm. The Company provides a range of investment and risks management services. The Company's clients include retail, high net worth (HNW) and institutional investors, consists of pension funds, official institutions, endowments, insurance companies, corporations, financial institutions, central banks and sovereign wealth funds. The Company's platform enables the Company to offer active (alpha) investments with index (beta) products and risk management to develop tailored solutions for clients. Its product range includes single- and multi-asset class portfolios investing in equities, fixed income, alternatives and/or money market instruments. On February 14, 2013, BlackRock Inc sold its entire interest in Avocet Mining plc. In July 2013, it announced that it has completed the acquisition of Credit Suisse's exchange traded funds (ETF) business. In October 2013, BlackRock Inc acquired Macquarie Global Property Advisors Ltd.

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Member Avatar paek813 (99.59) Submitted: 6/30/2013 11:14:03 PM : Outperform Start Price: $251.40 BLK Score: +6.08

S&P 5 STAR
(strong buy)

S&P Fair Value Rank is [4-]
(Based on S&P's proprietary quantitative model, stocks are ranked from most overvalued [1] to most undervalued [5].)

Fair Value Calculation is [$264.60]
(Analysis of the stock's current worth, based on S&P's proprietary quantitative model suggests that BLK is slightly undervalued by $7.75 or 3.0%.)

12-Mo. Target Price is [$340]
(Our 12-month target price of $340 is based on a multiple of 19X our 2014 EPS estimate, a premium to the peer group to reflect our view of BLK's innovation and advisory expertise. This multiple is also close to BLK's five-year median P/E ratio.)

We recently upgraded our recommendation on the shares to strong buy, from buy. We think BLK's top-tier position in passive investments, diversity and strong fund performance overall will help it to continue to attract assets at above industry averages over the next few years. It has increasingly become a leader as management is, in our view, outspoken and innovative. We are encouraged by the potential of the small but rapidly growing Aladdin platform. Aladdin is a risk management tool that also allows for crossing of fixed income and equity trades; it also enhances liquidity for BLK and its clients. We think interest is strong for ways to better manage risk given increased regulatory scrutiny.

Assets under management (AUM) grew 7%, year to year, to $3.9 trillion, in the 2013 first quarter. Meanwhile, revenues rose at a faster 9% pace, boosted by performance fees. Equity (51% of AUM) market appreciation and new passive equity investments were primarily responsible for the advance. We expect the popularity of passive investments and more appetite for equities to help boost assets and revenues in 2013 and 2014 by over 9% annually. We see healthy growth potential from fixed income ETFs that should enhance BLK's asset inflows as new funds gain traction. We think rising fixed income transparency will boost ETF demand. We also expect demand in the solutions business to provide growth as institutions seek outsourcing, regulatory and risk management solutions.

Good cost control helped BLK achieve its highest operating margin in five years in 2012. We expect focused expense management to help operating margins improve to over 40% in 2013 and 2014. Share repurchases should also contribute to 2013 and 2014 EPS growth.

We forecast EPS of $15.78 in 2013 and $17.90 in 2014.
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We have a positive fundamental outlook for the asset management and custody banks sub-industry.

After falling to a recent low of $10 trillion in 2008, domestic assets under management were above their $13 billion 2007 pre-crisis peak, based on the May 30 report on monthly trends in mutual fund investing by the Investment Company Institute (ICI). As of April 2013, stock funds represented nearly 47% of the $13.9 trillion total net assets of mutual funds, while bond funds represented nearly 26%, hybrid funds almost 8% and the remaining 19% was in money market funds. We estimate that domestic mutual funds make up about half of assets under management worldwide.

In early 2013, the market reacted favorably to agreements on the U.S. fiscal budget. While we expect ongoing volatility in the near-term and through 2014, we think 2013 will likely be a better year for equities' stability than we saw over the past few years. The equity business has been under pressure for more than five years, and lower-fee passive investments have been taking market share from actively managed funds. Further, we believe more investors will recognize the growing risk of holding a high allocation of fixed income investments that carry meager yields and more downside risk to balances in the face of a slowly improving economic environment where interest rates should eventually go up.

Looking past European challenges and U.S. budget issues, we believe the industry outlook is healthy due to fiscally restrained governments and aging populations around the globe. Personal responsibility is becoming more important than ever. With a soft global job market, employers and governments are watching employee benefit costs carefully and are under less pressure to offer attractive benefit packages. This suggests to us greater pressure on individuals to prepare for their own retirement.

In the U.S., the first baby boomers have entered retirement age and many qualify for "catch up" contributions to IRAs, so over the next ten years there should be a significant increase in retirement investments, in our view. As a result, we continue to expect growth in target-date retirement funds.

We expect continued market volatility given the uncertain global economic environment, but the group's valuation remains attractive to us. We see upside potential for asset managers with solid reputations, better-than-average fund performance and strong management.

Year to date through May 31, the S&P Asset Management & Custody Banks Index was up 26.5%, versus a 14.5% rise for the S&P 1500 Index. In 2012, the sub-industry index rose 25.0% versus a 13.7% advance for the S&P 1500.

-- Sonia Parechanian

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Member Avatar modestus1 (< 20) Submitted: 6/8/2013 2:07:10 PM : Outperform Start Price: $272.32 BLK Score: -0.86

Private equity should do well.

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Member Avatar sracster (97.93) Submitted: 5/23/2013 1:04:13 PM : Outperform Start Price: $270.75 BLK Score: -0.74

IB 90+

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Member Avatar DrGoldin (99.72) Submitted: 4/24/2013 1:50:37 AM : Outperform Start Price: $203.92 BLK Score: +23.34

If you believe that more money is going to wake up and enter the market in 2013, you have to be bullish on BLK. There other good ones too (I've always liked TROW, for example), but I'd have to say that BLK is the best of the bunch.

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Member Avatar tomlongrpv (75.82) Submitted: 6/29/2012 6:00:41 PM : Outperform Start Price: $177.44 BLK Score: +40.23

I have owned some ofr their mutual funds and also seen their management skills up front. The company is an impressive compilation of intelligent individuals. Thqat seems likely to bring high profits in the future.

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Member Avatar rd80 (98.30) Submitted: 5/29/2012 7:46:58 PM : Outperform Start Price: $161.59 BLK Score: +52.11

http://www.fool.com/investing/general/2012/05/29/big-bond-issue-for-a-buyout.aspx

Decent valuation, nice dividend, the buy from Barclay's improves cash flow and the company having enough confidence in itself to buy shares with borrowed money make it worth a green thumb.

No position in BLK at time of posting.

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Member Avatar CoreAndExplore (90.46) Submitted: 5/14/2012 10:16:51 PM : Outperform Start Price: $164.89 BLK Score: +49.02

Oversold.

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Member Avatar pbhalla (< 20) Submitted: 3/11/2012 11:01:30 AM : Outperform Start Price: $183.85 BLK Score: +32.44

-

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Member Avatar JTBoomer (83.07) Submitted: 8/19/2011 4:34:22 AM : Outperform Start Price: $136.36 BLK Score: +65.29

Morningstar 4 star with buy below 162 with yield of 3.61

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Member Avatar polterziets (< 20) Submitted: 6/4/2011 5:00:31 PM : Outperform Start Price: $175.77 BLK Score: +32.28

good growth prospects and growing market share

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Member Avatar guzclues1996 (37.98) Submitted: 5/6/2011 10:55:10 PM : Outperform Start Price: $178.57 BLK Score: +34.06

Its a powerhouse in the industry and i cant see this thing going to far down, but again i dont see major agressive returns here

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Member Avatar louisbecke (60.60) Submitted: 3/4/2011 4:58:36 AM : Outperform Start Price: $187.49 BLK Score: +24.45

Dividend increases are looking good!

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Member Avatar RXDOC73 (99.22) Submitted: 1/24/2011 8:18:57 AM : Outperform Start Price: $174.57 BLK Score: +31.40

SOLID!!!

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Member Avatar farmerjoe585 (49.66) Submitted: 1/12/2011 12:00:24 PM : Outperform Start Price: $172.44 BLK Score: +34.09

good cashflow, growth rate, good forward P/E

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Member Avatar jrod87 (85.08) Submitted: 12/16/2010 4:08:57 PM : Outperform Start Price: $159.01 BLK Score: +34.39

I really like this pick..mainly b/c I see this company has a lot of my real life porfolio in it. Basically if they do go I should to. We do dissagree on some stocks and some I just aint got the bucks for it to make sense for me to buy. But My FAVORIT Stock to buy this month in Dec 2010 for long term growth is FBP and BLK owns like 5% of it. maby I should try and catch up to there % lmao at 0.24-0.32 a share right now its looking all good!

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