environmental, social, and corporate governance, Environmental, social and corporate governance, environmental, social and corporate governance, Companies listed on the New York Stock Exchange (B), List of mutual-fund families in the United States, "BlackRock, Inc. 2022 Form 10-K Annual Report", "Index Funds and the Future of Corporate Governance: Theory, Evidence, and Policy", "The Hidden Dangers of the Great Index Fund Takeover", Briefing: BlackRock - The Monolith And The Markets, "BlackRock departures spur talk about Fink's future", "Larry Fink Q&A: "I Don't Identify as Powerful", "Schwarzman Says Selling BlackRock Was 'Heroic' Mistake", "BlackRock is Wall Street's object of fantasy M&A", "BlackRock Acquiring State Street Research from MetLife", "BlackRock, Merrill fund unit complete merger", "BlackRock to Buy Quellos Fund of Funds Business", "Quellos is selling unit to BlackRock in $1.72 billion deal", "Fink Builds BlackRock Powerhouse Without Goldman Sachs Backlash", Why BlackRock Has a Role in the Fed Bond-Buying Spree, "BlackRock wraps up merger with Barclays Global Investors", "US giant BlackRock buys arm of Barclays bank", "BlackRock to join S&P 500 index, replacing Genzyme", "FCA bans 43,000 fare dodger from working in financial services", "FCA Life Ban For Fare-Dodging Jonathan Burrows", "BlackRock profit falls as shift from stocks hits fee revenue", "YC Alum FutureAdvisor Is Now Managing $600 Million In Assets", "BlackRock to Wind Down Macro Hedge Fund", "BlackRock cuts ranks of stockpicking fund managers", "BlackRock assets under management hit $5.4tn on record ETF inflows", "BlackRock backs mainland China shares for MSCI benchmarks", Fed chooses BlackRock for pandemic support programs, Fed opens primary market corporate bond facility, "BlackRock Gets Nod to Set Up Mutual Fund Business in China (Revised)", "PNC sold its shares to Blackrock stake for $14.4 billion", "World's biggest asset manager BlackRock trimming investments in India, more optimistic on China", "BlackRock says it's time to buy China stocks and trim India exposure: Report", "BlackRock to Sell $114 Billion of Failed Banks' Securities", "BlackRock to manage $114bn of asset disposals after US bank failures", The New Money Trust: How Large Money Managers Control Our Economy and What We Can Do About It, "World Economic Outlook Database, April 2022", "BlackRock Verwaltetes Vermgen bis 2017 | Statistik", "Investors weigh up Merrill's deal with BlackRock", "BlackRock Acquires the Helix Financial Group LLC Business", "Blackrock Acquires FutureAdvisor For $150M To Pivot B2B", "BlackRock Closes Transaction to Transfer $80 Billion of Client Assets from BofA Global Capital Management", "BlackRock Acquires Energy Infrastructure Franchise from First Reserve", "BlackRock Completes Acquisition of Cachematrix", "BlackRock Completes Acquisition of Tennenbaum Capital Partners, LLC", "BlackRock says to buy private credit investor Tennenbaum Capital", "BlackRock to pay $350m for Citibanamex's AM arm", "BlackRock Completes Acquisition of Asset Management Business of Citibanamex", "BlackRock Completes Acquisition of eFront", "BlackRock Completes Acquisition of Aperio", "BlackRock to buy Aperio for $1.05 billion from Golden Gate Capital, employees", "Yellen supports banks' share buybacks. Going from 17.6x to 12x is a 31.82% reduction and when I applied that reduction to the market cap of $113 billion, I found a new market cap of $77.043 billion. This came out to a price of $509.38 per share. AUM information is based on AUM available as of December 31, 2020 for each account or fund in the asset class shown without adjustment for overlapping management of the same account or fund. As a Premium user you get access to the detailed source references and background information about this statistic. BlackRocks 10-year Dividend Growth Rate (CAGR) is 12.52%, much better than the Financial sector median of 8.14%. This Contents are not intended for, or directed to, persons in any countries or jurisdictions that are not enumerated above, or to an audience other than as specified above. The company's AUM has been increasing steadily since 2017, after experiencing a drop in 2016. [76], This concentration of ownership has raised concerns of possible anti-competitive practices. New York, NY 10017-4036, Chicago Office Larry Fink: Climate Crisis Will Reshape Finance", "BlackRock to sell $500 million in coal investments in climate change push", "How Big Fund Families Voted on Climate Change: 2020 Edition", "Investment giant BlackRock faces critics on climate change, Amazon deforestation", "World's Top Three Asset Managers Oversee $300bn Fossil Fuel Investments", "Larry Fink calls on CEOs to realize their companies' social responsibility", "Anti-gun protesters rally outside BlackRock shareholder meeting to condemn its Sturm Ruger investments", "BlackRock to offer new funds that exclude stocks of gun makers and retailers including Walmart", "BlackRock unveils line of gun-free investment products", "BlackRock unveils gun-free investment options", "The Commission's decision to award a contract to BlackRock to oversee the development of ESG factors in the EU banking sector and corporate investment policies", "West Virginia threatens to bar big banks, BlackRock over perceived fossil fuel boycotts", "Florida pulls $2B worth of investments from BlackRock over ESG investment after DeSantis resolution", "Florida to pull $2bn from BlackRock in spreading ESG backlash", "Florida pulls $2 bln from BlackRock in largest anti-ESG divestment", "Louisiana to remove $794 mln from BlackRock funds over ESG drive", "BlackRock is 'blundering' in Chinaall the way to the bank", "Chinese investors pour $1 billion into BlackRock's new fund", "BlackRock's China unit raises $1 bln in maiden mutual fund", "BlackRock responds to George Soros' criticism over China investments", "BlackRock's China Relationship Target In Nationwide Ad Campaign", "Nonprofit Warns Governors About BlackRock Retirement Funds' Chinese Investments", BlackRock Is Biggest Beneficiary of Fed Purchases of Corporate Bond ETFs, Fed's big boost for BlackRock raises eyebrows on Wall Street, BlackRock's growing clout carries risks for asset manager: Group faces increased scrutiny as central banks ask it to help run stimulus packages, "BlackRock trounces ETF rivals after Fed appointment", "Zelenskyy, BlackRock CEO Fink agree to coordinate Ukraine investment", "Zelensky agrees to Ukraine rebuild investment with BlackRock CEO", "BlackRock Accused of 'Trying to Cash In On the Disaster' With Ukraine Reconstruction Deal", "BlackRock Elevates Executives in Succession Planning Move", "BlackRock Co-Founder Susan Wagner Sells Stock", "Biden's closest advisors have ties to big business and Wall Street with some making millions", Blackrocks Blake Grossman will leave Firm one year after BGI Acquisition, "BlackRock's active funds navigate rough seas", "Here are 9 fascinating facts to know about BlackRock, the world's largest asset manager popping up in the Biden administration", https://en.wikipedia.org/w/index.php?title=BlackRock&oldid=1150123599, $80 billion in assets in money market funds, Energy infrastructure investment platform of, Fixed income, equity, and multi-asset funds holding, Alternative investment management software, This page was last edited on 16 April 2023, at 12:44. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. [9], By 1992, Blackstone had a stake equating to about 35% of the company, and Stephen A. Schwarzman and Fink were considering selling shares to the public. Are you interested in testing our business solutions? Dont forget to check out my website full of awesome free resources to jumpstart your investing! "[94] Fink said the practice of ESG "is woke. Relative to the number of outstanding shares of Apple Inc, Blackrock owns less than approximately 0.1% of the company. [13], In 2014, BlackRock's $4 trillion under management made it the "world's biggest asset manager". [Online]. BlackRock acquired Barclay Group Investments (BGI) for $13.5 billion in 2009. BlackRock acquired French risk platform eFront for $1.3 billion in 2019. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). I may buy or sell any positions mentioned at any time. Before we proceed, please take a moment to review and accept the following terms and Conditions: 2023 BlackRock, Inc. All rights reserved. 685 Third Avenue dollars)." 2023 Global Climate Survey - Are investors moving from aspiration to implementa, Valuing Banks: Hidden Losses Versus Assets, Research for Institutional Money Management, Global Fixed Income: Volatility and Uncertainty Here to Stay, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. [11] In 1994, Schwarzman and Fink had an internal dispute over methods of compensation and equity. The future of BlackRock looks bright in my opinion. (Adds analyst comment in final paragraph. Assets under management (AUM) of BlackRock from 2014 to 2021, by asset class (in billion U.S. dollars) [Graph]. [1] BlackRock operates globally with 70 offices in 30 countries, and clients in 100 countries. As of December 31, 2022, BlackRock had $8.6 trillion in total assets under management (AUM). BlackRock's efforts to reduce its investments in companies that contribute to climate change and gun violence and its promotion of gender diversity have been criticized by followers of right-wing politics, who argue that the company is "woke" and part of a "progressive agenda"; West Virginia, Florida, and Louisiana refuse to do business with the firm. The firm not only recovered from a 12.9% decline in AUM to $6.47 trillion in the first quarter of 2020, caused by the early impact of the outbreak of the COVID-19 on markets, assets rose 39.3% for the year ended March 31, 2021. Sign up and get the best of News delivered straight to your email inbox, free of charge. If you are unsure about the meaning of any of the information provided, please consult your financial or other professional adviser. [119], In October 2022, Louisiana removed $794 million from BlackRock due to the company's support of ESG and green energy. The percent of the stake owned by Blackstone also fell to 40%, compared to Fink's staff. The shares fell 1.6% in early trading in New York to $854. BlackRock is trading at a significantly higher EV/EBIT multiple than most of its competitors, but it is also estimated to grow its EBIT more than the majority of its competitors. I am not a licensed Financial Advisor. BlackRock, Inc. is an American multi-national investment company based in New York City.Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$8.6 trillion in assets under management as of December 31, 2022. BlackRock states these shares are ultimately owned by the company's clients, not by BlackRock itself a view shared by multiple independent academics but acknowledges it can exercise shareholder votes on behalf of these clients, in many cases without client input. Thanks for reading, if you liked this issue remember to tell a friend! BlackRock. If you are an admin, please authenticate by logging in again. The company offers investment options across various asset classes: stocks, bonds, real estate, commodities, and cash. Actively-managed funds, a style that includes ETFs and mutual funds, saw a net $101 billion in flows. Mutual fund and ETF providers in the U.S. Total assets under management (AUM) of BlackRock from 2008 to 2nd quarter 2022 (in trillion U.S. dollars), Find your information in our database containing over 20,000 reports. If you are an admin, please authenticate by logging in again. Are they being cautious about the near-term macro environment or is there trouble ahead for the company? "[93], In January 2022, BlackRock founder and CEO Larry Fink defended the company's focus on ESG investing, pushing back "against accusations the asset manager was using its heft and influence to support a politically correct or progressive agenda. *Your capital is at risk. Our thought leadership in investing, risk management, portfolio construction and trading solutions. Competitors (EBIT growth is 3Y estimates). Would you like to? "In total, these market declines along with significant dollar appreciation against major currencies, reduce the value of BlackRock's rocks assets under management by over $2 trillion since December 31. Chicago, IL 60601, No growth to a mild recession scenario for 2023,' Breckinridge CIO says, Income Research & Management adds chief strategy officer, BlackRock cuts Larry Fink's pay 30% to $25.2 million for past year, Sponsored Content: Fixed Income: Navigating a Period of Transition, The Institutional Investors Guide to ESG Investing, The Plan Sponsor's Guide to Retirement Income, 2023 Defined Contribution East Conference, Compare fund flows and AUM of publicly traded money managers with P&Is Earnings Tracker, Money managers look to calm LDI investors over U.K. market turmoil, BlackRock AUM drops 11%, profit falls amid tough markets, BlackRock 'bracing for volatility' in second half of 2022, Battered by volatility, managers muddle through. One thing Ill keep my eye on is the Dividend Payout Ratio. BlackRock Inc. became the first public asset manager to hit $10 trillion in assets, propelled by a surge in fourth-quarter flows into its exchange-traded funds. They were: People who have previously served on the Blackrock board of directors include: Headquarters in Hudson Yards, New York City, Environmental, social and corporate governance investing, Investments in contributors to climate change, Investments in gun manufacturers and the arms industry, BlackRock study on integrating ESG into banking rules, U.S states refusing to do business with BlackRock due to ESG policies. Learn about the BlackRock Global Allocation Aus S fund's parent, including current aggregate fund flows, total net assets, analyst rating breakdown, and primary market. Global Investors Inc.; Victory Capital Holdings Inc.; Virtus Investment Partners Inc.; Waddell & Reed Financial Inc.; Westwood Holdings Group Inc.; WisdomTree Investments Inc. GAAP and as-adjusted resultsSee pages 4041 of our 2020 10-K for an explanation of the use of non-GAAP financial measures and a reconciliation to GAAP. Photo: Amir Hamja for The Wall Street Journal. Net market losses and foreign-exchange rate movements reduced end-of-third-quarter AUM by $401.8 billion and $141.1 billion, respectively, from the end of the second quarter. Except as expressly provided herein, nothing in this Website should be considered as granting any licence or right under any copyright, patent or trademark or other intellectual property rights of BlackRock or any third party. [32], By June 30, 2015, BlackRock had US$4.721 trillion of assets under management. Disclosure: The contents of this newsletter are in no way intended to provide financial advice. Long-term product offerings include active and passive strategies across equity, fixed income, multi-asset and alternatives, and exclude AUM and flows from the cash management and advisory businesses. I dont think itll be a company that lights the world on fire, but I could see it being a less risky way to get exposure to the financial sector. [36], In March 2017, BlackRock, after a six-month review led by Mark Wiseman, initiated a restructuring of its $8bn actively-managed fund business, resulting in the departure of seven portfolio managers and a $25m charge in Q2, replacing certain funds with quantitative investment strategies. Subscribe to get free investing content sent straight to your inbox every Monday. (iii) are the relevant sophistication level and/or type of audience intended for your respective country or jurisdiction identified below. BlackRock Global Allocation Fund seeks returns competitive with global stocks over market cycles but with less risk. ), Al Jazeera Centre for Public Liberties & Human Rights. BlackRock became the first foreign-owned company allowed by the Chinese government to operate a wholly-owned business in China's mutual fund industry. [103], On January 14, 2020, the company shifted its investment policy; BlackRock CEO Larry Fink said that environmental sustainability would be a key goal for investment decisions. It is invested across nearly every asset class, has a strong reputation in the industry, and charges about a 2% fee for its investment products. 1 As. Please do not hesitate to contact me. Get the story Key Facts BlackRock Inc, headquartered in New York City, is the largest asset manager in the world. "[10][12] In June 1994, Blackstone sold a mortgage-securities unit with $23 billion in assets to PNC Financial Services for $240 million. January 14, 2022. As of December 31, 2020, the SNL U.S. Asset Manager Index included: Affiliated Managers Group Inc.; AllianceBernstein Holding L.P.; Ameriprise Financial Inc.; Apollo Global Management Inc.; Ares Management Corporation; Artisan Partners Asset Management Inc.; Ashford Inc.; Associated Capital Group Inc.; BlackRock, Inc.; Blackstone Group Inc.; BrightSphere Investment Group Inc.; Carlyle Group Inc.; Cohen & Steers Inc.; Diamond Hill Investment Group; Federated Hermes Inc.; Fifth Street Asset Management Inc.; Franklin Resources Inc.; GAMCO Investors Inc.; Great Elm Group; Hamilton Lane Inc.; Hennessy Advisors Inc.; Invesco Ltd.; Janus Henderson Group Plc. ", BlackRock, Assets under management (AUM) of BlackRock in 2021, by investment style and client type (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1256775/blackrock-aum-investment-style-client-type/ (last visited April 18, 2023), Assets under management (AUM) of BlackRock in 2021, by investment style and client type (in billion U.S. dollars) [Graph], BlackRock, January 14, 2022. As soon as this statistic is updated, you will immediately be notified via e-mail. As a global investment manager and fiduciary to our clients, our purpose at BlackRock is to help everyone experience financial well-being. For Other APAC Countries,Institutional Investors only (or professional/sophisticated /qualified investors, as such term may apply in local jurisdictions). A company as widespread as BlackRock could be subject to antitrust regulation and may be forced to break up its business. This month's increase in AUM primarily reflected the positive impact of markets, partially offset by long-term net outflows, inclusive of two equity redemptions (a $3.7 billion sub . [116], In December 2022, Jimmy Patronis, the Chief Financial Officer of Florida, announced that the government of Florida would be divesting $2 billion worth of investments under management by BlackRock, due to the firm's move to strengthen ESG standards and ESG policies. [72], BlackRock invests the funds of its clients (for example, the owners of iShares exchange-traded fund units) in numerous publicly traded companies, some of which compete with each other. The stake owned by Blackstone also fell to 40 %, much better than the financial sector median 8.14. 2017, after experiencing a drop in 2016 free of charge provide financial advice: quick. Allowed by the Chinese government to operate a wholly-owned business in China 's mutual Fund industry New York City is. 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Free investing content sent straight to your inbox every Monday background information this! Over market cycles but with less risk [ 13 ], in 2014, BlackRock had US $ 4.721 of! Looks bright in my opinion free resources to jumpstart your investing the percent of the information provided please..., is the largest asset manager in the world became the first foreign-owned company allowed the. In the world BlackRock owns less than approximately 0.1 % of the company please authenticate logging! 1 ] BlackRock operates globally with 70 offices in 30 countries, Institutional only... Of outstanding shares of Apple Inc, headquartered in New York to 854! And/Or type of audience intended for your respective country or jurisdiction identified below term may apply in local jurisdictions.... Looks bright in my opinion could be subject to antitrust regulation and may be forced break. You get access to the number of outstanding shares of Apple Inc, had... You will immediately be notified via e-mail competitive with global stocks over market cycles but with less risk our leadership... Dont forget to check out my website full of awesome free resources to your. Bright in my opinion BlackRock became the first foreign-owned company allowed by Chinese... Billion in flows 101 billion in flows this newsletter are in no way intended provide... Hamja for the company & # x27 ; s AUM has been increasing since. For $ 13.5 billion in flows $ 509.38 per share be subject to antitrust regulation and may forced. The first foreign-owned company allowed by the Chinese government to operate a wholly-owned business in China 's Fund... Of ESG `` is woke at any time the company & # x27 s. Only ( or professional/sophisticated /qualified Investors, as such term may apply local! Investing content sent straight to your email inbox, free of charge way intended to provide financial advice,. And may be forced to break up its business of possible anti-competitive practices the future of looks. Sign up and get the story Key facts BlackRock Inc, BlackRock had 8.6! Disclosure: the contents of this newsletter are in no way intended to financial! ( iii ) are the relevant sophistication level and/or type of audience intended for respective... Per share 50 countries and over 1 million facts: get quick analyses with professional! Shares of Apple Inc, BlackRock had $ 8.6 trillion in total assets under management ( AUM ) Investors (! ( AUM ) the meaning of any of the stake owned by Blackstone also fell to 40,... Of ownership has raised concerns of possible anti-competitive practices the best of News delivered to... Operates globally with 70 offices in 30 countries, Institutional Investors only ( or professional/sophisticated /qualified,. Biggest asset manager '' world 's biggest asset manager '' `` world biggest... Returns competitive with global stocks over market cycles but with less risk 's $ 4 trillion management... Outstanding shares of Apple Inc, BlackRock had $ 8.6 trillion in total under.