BlackRock: Black financial rock could rise up to $1,025

Last Updated: 30. Januar 2024By

Do you have iShares ETFs in your portfolio? Then you own the brand for exchange-traded index funds from BlackRock. The company is just as powerful as the name sounds. BlackRock is an internationally active investment company and is considered one of the largest providers of asset management, consulting, and risk management solutions.

BlackRock: Profits grow stronger than expected In the 4th quarter, the financial giant recorded an adjusted profit of $9.66 per share, compared to $8.93 in the previous year. Analysts had expected $8.84. Revenue was $4.63 billion, compared to $4.34 billion in the previous year. Analysts had expected $4.63 billion.

Merger with Global Infrastructure Partners BlackRock will acquire Global Infrastructure Partners – an infrastructure fund that makes both equity and selected debt investments. For a total of $3 billion in cash and approximately 12 million common shares. GIP manages over $100 billion in client funds in infrastructure equity and debt, with a focus on the energy, transportation, water and waste, and digitalization sectors.

Second largest infrastructure manager „Through the merger of BlackRock Infrastructure with GIP, we will become the second largest private market infrastructure manager with total assets of over $150 billion,“ said Fink.

Despite the high price, not expensive

Conclusion: If you take a look at the chart, you shouldn’t be shocked. The financial stock is actually trading at just under $790. But the price says nothing about the valuation. With earnings per share of $39.81, the P/E ratio is 19.6 for 2024. For 2025, this will decrease to 17.3 due to the strong expected increase in earnings. This also convinces analysts. 15 out of 17 analysts recommend buying, and 2 analysts rate it as hold. The average analyst price target is $896 (recently upgraded), with the highest analyst price target at $1,025.