BlackRock has witnessed a surge in its stock holding from major investment firms such as Mizuho Securities USA and CIBC Asset Management Inc, amidst others, reinforcing investor's confidence in the asset management giant. Potential M&As are on the horizon with reports of BlackRock in talks to acquire a minority stake in Millennium and also a private credit firm HPS. The company's diversification is illustrative in its pursuit of new fund avenues including the launch of ETFs focused on AI and tapping into tokenized money market funds like BUIDL. BlackRock's resilient financial performance is evident with its Q3 2024 earnings surpassing expectations and assets under management hitting a whopping $11.5 trillion. Notwithstanding these achievements, some investment advisors are reducing their stakes, possibly indicating a wait for a market pullback. Despite winning a major deal to build Saudi Arabia's mortgage-backed securities market, the company hasn't made an impact on the S&P 500, trailing it by 13% YTD. Nonetheless, BlackRock's equity is scoring high due to steady momentum, positive earnings estimate revisions
Blackrock BLK News Analytics from Tue, 02 Jul 2024 07:00:00 GMT to Sat, 16 Nov 2024 14:37:38 GMT - Rating 8 - Innovation 6 - Information 4 - Rumor -1
