BlackRock Stock Rises as Firm Sets Record for Assets Under Management

Investopedia
01-16

Key Takeaways

  • BlackRock's assets under management surged 15% year-over-year to $11.55 trillion.
  • The asset manager beat estimates for earnings and revenue in the period.
  • CEO Larry Fink noted that this was the second straight quarter of record inflows for BlackRock.

BlackRock (BLK) shares rose 4% Wednesday morning as the asset manager posted better-than-expected quarterly results on record assets under management (AUM).

The firm reported fourth-quarter adjusted earnings per share (EPS) of $11.93, a 23% year-over-year gain. Revenue also climbed 23%, to $5.68 billion. Both were above consensus estimates of analysts polled by Visible Alpha.

AUM soared 15% to $11.55 trillion. Total net inflows nearly tripled to $281.4 billion. Long-term net inflows accounted for $200.7 billion of that total, with $142.6 billion pumped into exchange-traded funds (ETFs).

BlackRock Posts Second Straight Quarter of Record Inflows

CEO Larry Fink noted that this was the second straight quarter of record inflows for BlackRock. Fink said client activity took off in the period, "resulting in 7% organic base fee growth and 12% technology services ACV growth."

Fink added that the company "enters 2025 with more growth and upside potential than ever. This is just the beginning." 

Shares of BlackRock have added about a quarter of their value in the last year. 

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