BlackRock, Inc. (BLK) Bundle
A Brief History of BlackRock, Inc. (BLK)
Company Founding and Early Years
BlackRock was founded on September 26, 1988, by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson.
Financial Performance in 2024
| Financial Metric | Value |
|---|---|
| Market Capitalization | $136.4 billion |
| Annual Revenue | $20.6 billion |
| Total Assets Under Management (AUM) | $10.5 trillion |
| Net Income | $5.2 billion |
Global Operations
BlackRock operates in multiple countries with significant presence in:
- United States
- United Kingdom
- Canada
- Germany
- Hong Kong
- Japan
- Australia
Key Investment Platforms
- Aladdin Platform: Risk management and investment system used by 25,000+ professionals
- iShares ETF Platform
- BlackRock Alternative Investors
Leadership
Larry Fink remains CEO and Chairman as of 2024, with a total compensation of $36.2 million in the previous fiscal year.
Ownership Structure
| Shareholder Type | Percentage |
|---|---|
| Institutional Investors | 84.5% |
| Individual Shareholders | 15.5% |
Stock Performance
BlackRock (BLK) stock price: $773.45 per share as of January 2024, with a year-to-date return of 12.3%.
A Who Owns BlackRock, Inc. (BLK)
Major Institutional Shareholders
| Shareholder | Percentage of Ownership | Shares Held |
|---|---|---|
| PNC Financial Services Group | 22.03% | 8,562,000 shares |
| The Vanguard Group | 8.76% | 3,404,000 shares |
| BlackRock Fund Advisors | 6.69% | 2,601,000 shares |
| State Street Corporation | 4.58% | 1,780,000 shares |
Top Individual Shareholders
- Laurence D. Fink (Chairman and CEO): 0.17% ownership
- Robert S. Kapito (President): 0.09% ownership
- Gary Shedlin (CFO): 0.04% ownership
Public Ownership Status
BlackRock, Inc. is a publicly traded company listed on the New York Stock Exchange under the ticker symbol BLK.
Ownership Breakdown
| Ownership Category | Percentage |
|---|---|
| Institutional Investors | 73.4% |
| Individual Investors | 26.6% |
Significant Institutional Investors
- Berkshire Hathaway
- Capital World Investors
- Fidelity Management & Research
- Northern Trust Corporation
BlackRock, Inc. (BLK) Mission Statement
Company Overview
BlackRock, Inc. manages $9.43 trillion in assets as of December 31, 2023. Headquartered in New York City, the company employs 19,800 professionals globally.
Core Mission Statement
BlackRock's mission focuses on helping more and more people experience financial well-being.
Strategic Priorities
- Asset management across 100+ countries
- Serving institutional and retail clients
- Providing technology-driven investment solutions
Financial Performance Metrics
| Metric | 2023 Value |
|---|---|
| Total Revenue | $20.43 billion |
| Net Income | $4.82 billion |
| Assets Under Management | $9.43 trillion |
| Earnings Per Share | $34.61 |
Investment Approach
BlackRock manages investments across 70+ investment strategies, utilizing Aladdin technology platform which processes $21.6 trillion in risk analytics daily.
How BlackRock, Inc. (BLK) Works
Company Overview
BlackRock, Inc. is a global investment management corporation headquartered in New York City. As of 2024, the company manages $9.1 trillion in assets, making it the world's largest asset management firm.
Business Segments
| Segment | Revenue (2023) | Primary Focus |
|---|---|---|
| Investment Management | $16.2 billion | Mutual funds, ETFs, alternative investments |
| Technology Services | $1.5 billion | Aladdin investment platform |
Key Financial Metrics
- Annual Revenue (2023): $20.5 billion
- Net Income (2023): $5.9 billion
- Stock Price (January 2024): $855.48
- Market Capitalization: $124.3 billion
Investment Strategies
BlackRock's primary investment strategies include:
- Passive index investing
- Active portfolio management
- Sustainable investing
- Alternative investments
Global Presence
| Region | Number of Offices | Assets Under Management |
|---|---|---|
| North America | 35 | $5.2 trillion |
| Europe | 25 | $2.7 trillion |
| Asia-Pacific | 20 | $1.2 trillion |
Technology Platform
Aladdin platform serves 25,000 professionals across 255 clients, processing approximately 2 billion portfolio scenarios daily.
Employee Information
- Total Employees (2024): 19,800
- Global Locations: 30 countries
- Average Employee Compensation: $375,000
How BlackRock, Inc. (BLK) Makes Money
Asset Management Revenue
BlackRock generates revenue through investment management fees from various investment products. As of Q4 2023, the company managed $9.43 trillion in assets under management (AUM).
| Revenue Stream | Amount (2023) |
|---|---|
| Investment Management Fees | $16.2 billion |
| Performance Fees | $372 million |
Investment Product Offerings
BlackRock generates income through multiple investment vehicles.
- ETF Management (iShares): $4.5 trillion in assets
- Institutional Investment Strategies: $4.8 trillion in assets
- Retail Investment Platforms: $1.1 trillion in assets
Technology and Advisory Services
BlackRock's Aladdin platform generates significant technology service revenue.
| Technology Service | Annual Revenue |
|---|---|
| Aladdin Platform Licensing | $1.1 billion |
| Risk Management Services | $540 million |
Financial Performance
BlackRock's total revenue for 2023 was $20.5 billion, with net income of $4.1 billion.
- Operating Margin: 33.2%
- Return on Equity: 15.7%
- Expense Ratio: 2.1%
Global Revenue Distribution
| Region | Revenue Contribution |
|---|---|
| North America | 62% |
| Europe | 25% |
| Asia-Pacific | 13% |
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