BlackRock, Inc. (NYSE: BLK) is the world’s largest asset manager, with $11.475 trillion in assets under management as of September 2024.

Recent Financial Performance

In 2024, BlackRock reported revenues of $20.41 billion, a 14.27% increase from the previous year, and net income of $6.37 billion, up 15.76%.

Analyst Ratings and Price Targets

Analysts maintain a “Strong Buy” consensus for BLK, with an average 12-month price target of $1,129.17, suggesting a potential upside of approximately 13.82%.

Valuation Metrics

BlackRock’s trailing twelve months (TTM) price-to-earnings (P/E) ratio is 23.61, and its forward P/E is 20.91. The company offers an annual dividend of $20.84 per share, yielding 2.10%, with a payout ratio of 49.61%.

Recent Developments

In December 2024, BlackRock’s iShares Bitcoin ETF surpassed $50 billion in assets, more than doubling its nearest competitor. Additionally, BlackRock agreed to acquire private-credit manager HPS Investment Partners for $12 billion, enhancing its presence in the private-credit market.

Conclusion

BlackRock’s robust financial performance, strategic initiatives, and positive analyst outlook suggest potential for continued growth. However, investors should consider market volatility and conduct thorough due diligence before making investment decisions.