Long BLKI am long BLK (Blackrock), mostly in my IRA account.
About
BlackRock, Inc. is an American multinational investment management corporation based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$9.5 trillion in assets under management as of October, 2021. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. BlackRock has sought to position itself as an industry leader in environmental, social and corporate governance. The company has faced criticism for climate change inaction, its close ties with the Federal Reserve System during the coronavirus pandemic, anticompetitive behavior, and its unprecedented investments in China. Wikipedia
CEO
Larry Fink
FOUNDED
1988
HEADQUARTERS
United States
Here are the fundamentals courtesy of Google Finance:
PREVIOUS CLOSE
The last closing price
$895.44
DAY RANGE
The difference between the high and low prices over the past day
$890.42 - $905.95
YEAR RANGE
The difference between the high and low prices over the past 52 weeks
$670.28 - $973.16
MARKET CAP
A valuation method that multiplies the price of a company's stock by the total number of outstanding shares.
136.22B USD
VOLUME
The average number of shares traded each day over the past 30 days
506.64K
P/E RATIO
The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks
23.84
DIVIDEND YIELD
The ratio of annual dividend to current share price that estimates the dividend return of a stock
1.84%
PRIMARY EXCHANGE
Listed exchange for this security
NYSE
I am a big fan of the healthy Dividend and the relatively low market cap. As of today the US 10 year yield is:
December 06, 2021 1.43%
Holding BLK is ~.4% higher and I can see significant increase in share price as well.
Fundamentally BLK is the largest asset manager led by Larry Fink, a pure genius and a true hustler. I am also looking at this news:
Saudi Aramco (2222.SE) said on Monday it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Co. (December 7, 2021 By Saeed Azhar)
Here is a more in depth on the BLK financials:
REVENUE
5.05B
NET INCOME
1.68B
DILUTED EPS
10.89
NET PROFIT MARGIN
33.29%
OPERATING INCOME
1.96B
NET CHANGE IN CASH
945.00M
CASH ON HAND
7.16B
COST OF REVENUE
2.47B
Ownership of a fraction of a corporation and the right to claim a share of the corporation's assets and profits equal to the amount of stock owned
The high profit margin int he main selling point to me, I see 25% as the average profit margin for most firms.
I have a high level of confidence in this stock and I can see it reach at least a $1T market cap. I firmly believe it is undervalued.
