Organic Growth and Market Gains Lift BlackRock's 4Q AUM; FVE Recently Raised to $550 per Share
There was little in wide-moat-rated BlackRock's fourth-quarter earnings that would alter our long-term view of the firm. We recently raised our fair value estimate for the company's shares to $550, after adjusting our assumptions not only to reflect the close of 2017, but also to account for the reduction of the statutory U.S. federal income tax rate this year to 21%, compared with our previous estimate of 25%.BlackRock closed out the December quarter with a record $6.288 trillion in managed as...
BlackRock is an investment management firm. The company provides a range of investment and technology services to institutional and retail clients worldwide. Products are provided directly and through intermediaries in a variety of vehicles, including open-end and closed-end mutual funds, iShares? exchange-traded funds, separate accounts, collective investment trusts and other pooled investment vehicles. The company also provides technology services, including the investment and risk management technology platform, Aladdin?, Aladdin Wealth, eFront, Cachematrix and FutureAdvisor, as well as advisory services and solutions to a base of institutional and wealth management clients.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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