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Blackrock (BLK)

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2020, the firm managed approximately $7.81 trillion in assets on behalf of investors worldwide.

Company profile

Ticker
BLK
Exchange
CEO
Laurence Fink
Employees
Incorporated
Location
Fiscal year end
Former names
BlackRock, Inc., New BlackRock, Inc.
SEC CIK
Subsidiaries
Acero Holdings I B.V. • Amethyst Intermediate, LLC • AnalytX LLC • AnalytX Hosting LLC • AnalytX Software LLC • Aperio Group, LLC • Aperio Holdings, LLC • Asia-Pacific Private Credit Opportunities Fund I (GenPar) Ltd. • BAA Holdings, LLC • Beijing eFront Software Company Limited ...
IRS number
320174431
SEC advisor number
801-76926
FINRA CRD number
164594
AUM ?
$97.23B (as of 8 Jul 22)
Accounts
94 (as of 8 Jul 22)
Employees
128 (61 investment advisory or research)
Address
Blackrock
55 EAST 52ND STREET
NEW YORK
NY 10055
Phone
212-810-5300

BLK stock data

Investment data

Data from SEC filings
Top 50 of 5480 long holdings
End of quarter 31 Mar 22
Value
 
#Shares
 
$179.43B 1.03B
$161.48B 523.75M
$95.01B 29.14M
$59.53B 55.24M
$57.58B 20.7M
$53.11B 19.02M
$49.36B 180.88M
$36.1B 102.31M
$35.59B 200.8M
$35.2B 69.02M
$33.35B 149.97M
$32.53B 71.69M
$28.17B 127.04M
$27.49B 201.69M
$23.73B 155.3M
$23.36B 65.37M
$22.72B 275.08M
$21.58B 72.09M
$21.13B 408.08M
$21.01B 129.63M
$20.76B 127.49M
$20.55B 498.63M
$19.6B 351.58M
$18.33B 64M
$18.05B 31.34M
$17.99B 28.57M
$17.9B 30.3M
$17.42B 104.08M
$17.31B 279.11M
$17.08B 37.49M
$16.92B 341.45M
$16.75B 204.12M
$16.09B 117.3M
$15.92B 47.22M
$15.91B 238.91M
$15.72B 132.85M
$15.52B 304.7M
$14.95B 319.29M
$14.56B 68.58M
$13.81B 75.27M
$13.75B 92.32M
$13.35B 275.55M
$13.33B 45.43M
$13.07B 119.57M
$12.53B 82.02M
$12.53B 26.05M
$12.52B 147.83M
$12.46B 50.4M
$12.32B 521.45M
$12.21B 167.24M
Holdings list only includes long positions. Only includes long positions.

Calendar

5 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6.5B 6.5B 6.5B 6.5B 6.5B 6.5B
Cash burn (monthly) 260.33M (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 372.52M n/a n/a n/a n/a n/a
Cash remaining 6.13B n/a n/a n/a n/a n/a
Runway (months of cash) 23.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

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Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
3 Aug 22 Fink Laurence Shares Of Common Stock (par Value $0.01 Per Share) Sell Dispose S No No 684.608 44,500 30.47M 563,771
29 Jul 22 Kapito Robert Shares Of Common Stock (par Value $0.01 Per Share) Gift Dispose G No No 0 2,000 0 224,680.4
25 Jul 22 Kapito Robert Shares Of Common Stock (par Value $0.01 Per Share) Sell Dispose S No No 634.4669 12,748 8.09M 226,680.4
25 Jul 22 Kapito Robert Shares Of Common Stock (par Value $0.01 Per Share) Sell Dispose S No No 633.4678 4,679 2.96M 239,428.4
25 Jul 22 Kapito Robert Shares Of Common Stock (par Value $0.01 Per Share) Sell Dispose S No No 632.5792 7,174 4.54M 244,107.4
25 Jul 22 Kapito Robert Shares Of Common Stock (par Value $0.01 Per Share) Sell Dispose S No No 631.483 10,289 6.5M 251,281.4
25 Jul 22 Kapito Robert Shares Of Common Stock (par Value $0.01 Per Share) Sell Dispose S No No 630.4851 2,698 1.7M 261,570.4
30 Jun 22 Alsaad Bader M. Common Stock Grant Acquire A No No 0 11 0 1,212
30 Jun 22 Daley Pamela Common Stock Grant Acquire A No No 0 58 0 6,236
50.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 17 14 +21.4%
Opened positions 4 2 +100.0%
Closed positions 1 10 -90.0%
Increased positions 3 7 -57.1%
Reduced positions 7 3 +133.3%
13F shares Current Prev Q Change
Total value 336.6M 334.88M +0.5%
Total shares 75.64M 79.17M -4.5%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
COGNY Cogna Educacao 64.44M $272.57M 0.0%
Kayne Anderson Rudnick Investment Management 3.51M $20.06M -0.6%
Newfoundland Capital Management 3.13M $17.93M -7.5%
FMR 1.73M $9.87M 0.0%
Van Eck Associates 1.23M $7.02M -0.4%
Ronit Capital 980.47K $5.61M -22.9%
Sagil Capital 319.85K $1.83M -55.0%
Amundi 200K $1.08M -34.2%
MS Morgan Stanley 27.2K $156K +2.2%
STT State Street 20.92K $120K NEW
Largest transactions Shares Bought/sold Change
CMPGF Compass 0 -2.51M EXIT
Sagil Capital 319.85K -391.55K -55.0%
Ronit Capital 980.47K -292K -22.9%
Newfoundland Capital Management 3.13M -252.35K -7.5%
Amundi 200K -104.11K -34.2%
Kayne Anderson Rudnick Investment Management 3.51M -21.57K -0.6%
STT State Street 20.92K +20.92K NEW
Lazard Asset Management 11.74K +11.74K NEW
Renaissance Technologies 18.7K +7.8K +71.6%
Van Eck Associates 1.23M -5.36K -0.4%

Financial report summary

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Risks
  • Changes in interest or foreign exchange rates and/or divergent beta may cause BlackRock’s AUM and base fees to fluctuate and introduce volatility to the Company’s net income and operating cash flows.
  • BlackRock’s investment advisory contracts may be terminated or may not be renewed by clients and fund boards on favorable terms and the liquidation of certain funds may be accelerated at the option of investors.
  • The failure or negative performance of products offered by competitors may cause AUM in similar BlackRock products to decline irrespective of BlackRock’s performance.
  • Increased competition may cause BlackRock’s AUM, revenue and earnings to decline.
  • Changes in the value of seed and co-investments that BlackRock owns as well as certain of BlackRock’s minority investments could affect its income and could increase the volatility of its earnings.
  • BlackRock indemnifies certain securities lending clients for specified losses as a result of a borrower default.
  • BlackRock’s decision to provide support to particular products from time to time, or the inability to provide support, may cause AUM, revenue and earnings to decline.
  • Increased geopolitical unrest and other events outside of BlackRock’s control could adversely affect the global economy or specific international, regional and domestic markets, which may cause BlackRock’s AUM, revenue and earnings to decline.
  • Climate change-related risks could adversely affect BlackRock’s business, products, operations and clients, which may cause BlackRock’s AUM, revenue and earnings to decline.
  • Poor investment performance could lead to the loss of clients and may cause AUM, revenue and earnings to decline.
  • Performance fees may increase volatility of both revenue and earnings.
  • Failure to identify errors in the quantitative models BlackRock utilizes to manage its business could adversely affect product performance and client relationships.
  • The COVID-19 pandemic may adversely affect BlackRock’s business, operations and financial condition which may cause its AUM, revenue and earnings to decline.
  • A failure in, or disruption to, BlackRock’s operations, systems or infrastructure, including business continuity plans, could adversely affect operations, damage the Company’s reputation and cause BlackRock’s AUM, revenue and earnings to decline.
  • A cyber-attack or a failure to implement effective information and cybersecurity policies, procedures and capabilities could disrupt operations and lead to financial losses and reputational harm, which may cause BlackRock’s AUM, revenue and earnings to decline.
  • Failure or unavailability of third-party dependencies may adversely affect Aladdin operations, which could cause reputational harm, lead to a loss of clients and impede BlackRock’s productivity and growth.
  • Continuing enhancements to Aladdin’s capabilities, as well as the expansion of the Aladdin platform into new markets and geographies, have led to significant growth in Aladdin’s processing scale, which may expose BlackRock to reputational harm, increased regulatory scrutiny and heightened operational, data management, cyber- and information-security risks.
  • Failure to maintain adequate corporate and contingent liquidity may cause BlackRock’s AUM, liquidity and earnings to decline, as well as harm its prospects for growth.
  • Operating risks associated with BlackRock’s securities lending program may result in client losses.
  • Client investments in real assets, such as real estate, infrastructure and energy assets, may expose BlackRock and its funds and accounts to new or increased risks and liabilities, as well as reputational harm.
  • Operating in international markets increases BlackRock’s operational, political, regulatory and other risks.
  • The potential for human error in connection with BlackRock’s operational systems could disrupt operations, cause losses, lead to regulatory fines or damage the Company’s reputation and may cause BlackRock’s AUM, revenue and earnings to decline.
  • Fraud, the circumvention of controls or the violation of risk management and workplace policies could have an adverse effect on BlackRock’s reputation, which may cause the Company’s AUM, revenue and earnings to decline.
  • The failure to recruit and retain employees and develop and implement effective executive succession could lead to the loss of clients and may cause AUM, revenue and earnings to decline.
  • The impairment or failure of third parties may negatively impact the performance of products and accounts that BlackRock manages, which may cause BlackRock’s AUM, revenue and earnings to decline.
  • The failure of key third-party providers to BlackRock to fulfill their obligations or a failure by BlackRock to maintain its relationships with key third-party providers could have a material adverse effect on BlackRock’s growth, reputation or business, which may cause the Company’s AUM, revenue and earnings to decline.
  • Any disruption to the Company’s distribution channels may cause BlackRock’s AUM, revenue and earnings to decline.
  • Key technology partnerships may expose BlackRock to increased regulatory oversight, as well as migration, execution, technology and operational risks.
  • Disruption to the operations of third parties whose functions are integral to BlackRock’s exchange-traded fund (“ETF”) platform may adversely affect the prices at which ETFs trade, particularly during periods of market volatility.
  • BlackRock is subject to extensive regulation around the world, which increases its cost of doing business.
  • New regulations informed by global standard setters and/or developed by various national authorities may expose BlackRock to increasing regulatory scrutiny and compliance costs in the jurisdictions in which it operates.
  • Regulatory reforms in the United States expose BlackRock to increasing regulatory scrutiny, as well as regulatory uncertainty.
  • Damage to BlackRock’s reputation may harm its business.
  • A failure to effectively manage potential conflicts of interest could result in litigation or enforcement actions and/or adversely affect BlackRock’s business and reputation, which may cause BlackRock’s AUM, revenue and earnings to decline.
  • A subsidiary of BlackRock is subject to US banking regulations that may limit its business activities.
  • BlackRock has been the subject of commentary citing concerns about the scale of our index investing business, as well as competition issues relating to the common ownership theory.
  • New tax legislation or changes to existing US and non-US tax laws, treaties and regulations or challenges to BlackRock’s historical taxation practices may adversely affect BlackRock’s effective tax rate, business and overall financial condition.
Management Discussion
  • Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • This report, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” and similar expressions.
  • BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Bad
New words: entertainment, extension, fourth, nonequity, travel, volume, world
Removed: close, diversified, impairment, judgement, recent