BlackRock (BLK) is a leading asset manager with good growth prospects and is adapting its business to structural changes within the industry, but this seems to be already reflected in its valuation. Even though BlackRock is a good company, a lower share price is desirable to enter into a long position.
It provides investment management services to institutional and retail clients, through various investment vehicles. It provides a broad range of investment, risk management and technology services. It has a market capitalization of about $86 billion and trades on the New York Stock Exchange.
BlackRock is the largest asset manager in the world with more than $6 trillion in assets under management (AuM). BlackRock’s distribution is made through financial professionals, pension consultants, third-party distribution relationships, or directly to investors themselves.
