BlackRock Inc. is a BlackRock is one of the largest asset managers in the world, with $7.808 trillion in AUM at the end of September 2020.
Among the biggest risers on the S&P 500 on Friday November 27 was BlackRock Inc. ($BLK), popping some 1.63% to a price of $715.11 a share with some 313,425 shares trading hands.
Starting the day trading at $706.75, BlackRock Inc. reached an intraday high of $718.85 and hit intraday lows of $705.14. Shares gained $11.5 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 152.51 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $323.99 to $704.27.
BlackRock is one of the largest asset managers in the world, with $7.808 trillion in AUM at the end of September 2020. Product mix is fairly diverse, with 48% of the firm’s managed assets in equity strategies, 33% in fixed income, 8% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company’s iShares ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for close to 80% of AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.
BlackRock Inc. has its corporate headquarters located in New York, NY and employs 16,600 people. Its market cap has now risen to $109.06 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 3.22, and P/FCF n/a.