Asset Management Giant, Blackrock
BLACKROCK INC
-2.19%
closure:0
opening:840
Tall:858.75
low:832.87
cycle:—
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, Which trades at $ 846 a share that expresses a value of $ 130 billion, has reached a volume of assets under management of $ 10 trillion. This is the first time a governing body has reached such a volume of assets. In the most recent quarter (fourth quarter of 2021), investors around the world poured $ 169 billion into the Group’s investment products, primarily in ETFs.
The jump in managed funds is also due to the increase in the value of financial instruments. In the last quarter, the Snoopy index (S & P500) rose by 105 and all year by 27%. “Blackrock’s operations are more diverse than ever,” said CEO Larry Fink, adding, “Active investment strategies, including alternative investments, contributed more than 60 percent of last year’s growth.”
Alternative investments, including hedge funds, increased to a total of $ 265 billion, with investors pouring $ 5.5 billion into the sector in the last quarter. The increase in the volume of assets of course affects the results – revenues from management fees have risen, but at the same time the company’s wage expenses have risen significantly, at the same time wage increases in the financial sector and wage increases in general in the US against inflation.
On the bottom line, Blackrock earned $ 10.4 per share above analysts’ forecasts, but revenues were actually below the forecast – 5.11 compared to expectations of $ 5.15 billion. The stock is losing close to 3%, perhaps due to disappointment with revenue and it seems to be mainly due to the weakness on Wall Street in recent days.
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