Stock on Focus: BlackRock, Inc. (BLK)

Company Profile:

BlackRock, Inc. (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. It offers its Aladdin investment system, as well as risk management, outsourcing, advisory and technology services, to institutional investors and wealth management intermediaries under the BlackRock Solutions name. BlackRock, Inc. was founded in 1988 and is based in New York City.

Recent News:

For the quarter ended March 31, 2017, BlackRock’s revenue increased 8% to $2.82 billion compared to $2.62 billion. This results exceeded earnings expectations.

BlackRock’s net income rose to $862 million, or $5.23 a share in Q1 2017, compared to net income of $657 million, or $3.92 a share, in Q1 2016. Excluding non-recurring items, the Company’s adjusted earnings per share totaled $5.25 which outperformed Wall Street’s estimates of $4.89 per share.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

BLK’s strengths can be seen in its strong profitability and robust efficiency compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI stands at 53.23 with positive bias. We rate BlackRock, Inc. (BLK) a STRONG BUY.

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