AllAnalyst Report
logoArgusOctober 14, 2021

BlackRock, Inc.: Strong long-term inflows in 3Q

Financial Services
Current Price
Price Target
Earnings Estimate

BlackRock provides investment management, risk management, and advisory services for institutional and retail clients worldwide. Its range of products includes separate accounts, mutual funds, the iShares franchise of ETFs, and other pooled investment vehicles. Assets under management were $9.5 trillion as of September 30, 2021. iShares is a global leader in ETFs, with funds in multiple asset classes and $3.0 trillion in ETF assets under management as of September 30, 2021. In May 2020, PNC Financial Services Group, which held about 22% of BlackRock common shares, sold its stake through a registered offering.

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Analyst Profile

Stephen Biggar

Director of Financial Institutions Research
Stephen is responsible for coverage of large global banks, regional banks and domestic credit card companies. He has covered financial services stocks for more than 20 years. He is also a member of the Argus Investment Policy Committee and Senior Portfolio Group, and frequently appears in print and broadcast media discussing the equity markets. Previously, he was the global director of equity research for S&P Capital IQ. He holds a degree in economics from Rutgers University.