BlackRock (BLK) has had a bullish run near its 52-week high, seeing a 4.1% raise over the last week, despite some downsides when market gained.
Assets Under Management (AUM) hitting a record $10.6 Trillion is mainly due to ETF boost and rising stock. It further plans to inflate its offerings overseas, particularly in Japan. The second quarter earnings surpassed estimates as the AUM rose to $1.65 Trillion. High institutional ownership of BlackRock underscores its impressive performance. Despite facing activist pressure and cost woes, growth in AUM and buyouts are expected to aid the company. BlackRock acquires data provider
Preqin, aiming to boost private markets abilities. The CEO, Laurence Fink, sells some of his shares while the firm partners with GeoWealth to enhance model offerings. As BlackRock continues to impress Wall Street, analysts believe in it being a great investment and dividend stock. Despite an outlook being lowered by Moody's due to debt concerns, the company aims at launching new ETFs. Insider trading alert has been issued, with company set to get $5 Billion from PIF to elevate its presence in Saudi Arabia.
Blackrock BLK News Analytics from Fri, 12 Jan 2024 08:00:00 GMT to Sat, 24 Aug 2024 17:24:19 GMT -
Rating 7
- Innovation 3
- Information 9
- Rumor -2
