In this article, we will take a look at the 20 Biggest Publicly Traded Asset Managers.
The market trajectory heading into 2026 shows that global M&As are beginning a new era. A late-2025 increase in megadeals and AI thematics seems to have pulled through into the new year, highlighting that the market is shifting instead of just rebounding from a slow cycle.
At the same time, the asset management industry saw a much-anticipated comeback in 2024 and 2025, though it came with a lot more turbulence than expected. After a rocky start, markets finally found solid footholds, with PwC’s November 2024 Asset & Wealth Management Report stating that global assets under management (AUM) are predicted to reach $171 trillion by 2028, implying a CAGR of 5.9%.
Notably, the organic growth rate for the average asset manager is a little less than 2% per year. According to Moody’s Global Asset Management Outlook 2026 Report, industry organic growth would jump in 2026 owing to expanding preferences for areas like active ETFs and tailored SMAs, in addition to increased investor exposure to private-market assets.
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Our Methodology
For this list of the 20 biggest publicly traded asset managers, we used the rankings of The SWFI and ranked institutions by the total managed AUM. We have also added the hedge fund sentiment for each stock, as of Q3 2025, which was sourced from Insider Monkey’s database.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
20. Principal Financial Group, Inc. (NASDAQ:PFG)
AUM: $784.3 billion
Number of Hedge Fund Holders: 34
Principal Financial Group (NASDAQ:PFG) ranks among the biggest publicly traded asset managers. JPMorgan dropped Principal Financial Group (NASDAQ:PFG) from Overweight to Neutral on January 5, with a $103 price target. The firm clarified that the adjustment represents “better perceived value in other life insurance stocks” instead of an actual change in Principal Financial Group’s outlook.
Principal Financial Group, Inc. (NASDAQ:PFG), according to JPMorgan, boasts “a superior business mix, with lower tail risk, a higher ROE, and better free cash flow than most life insurance peers” when compared to rivals in the market.
The firm notes that Principal Financial Group’s valuation “seems attractive” though “is no longer overly enticing on a relative basis following its outperformance in 2025.” It also contends that stronger asset management flows could work as a “near-term catalyst” for the stock’s performance.
Principal Financial Group, Inc. (NASDAQ:PFG) provides financial products and services to businesses, individuals, and institutional clients. The company offers retirement solutions, life and health insurance, wellness programs, and investment and banking products.
19. HSBC Holdings PLC (NYSE:HSBC)
AUM: $852 billion
Number of Hedge Fund Holders: 19
HSBC Holdings PLC (NYSE:HSBC) ranks among the biggest publicly traded asset managers. On January 14, Morgan Stanley renewed coverage of HSBC Holdings PLC (NYSE:HSBC) with an Equalweight rating and HK$13.15 price target. The bank projects that HSBC’s banking net interest income for the fiscal year 2025 would be US$43.4 billion, partly offset by lower U.S. interest rates and bolstered by a recovery in HIBOR and deposit growth.
According to Morgan Stanley, HSBC Holdings PLC (NYSE:HSBC) will keep returning capital to investors through share buybacks and dividends, with buybacks expected to reach $6 billion in 2026 and $10 billion in 2027. The firm projects that HSBC Holdings PLC (NYSE:HSBC) will maintain levels above 16–17% after achieving a return on tangible equity of about 17% in 2025.
Additionally, Keefe Bruyette raised HSBC Holdings PLC (NYSE:HSBC) from Market Perform to Outperform on December 17. The firm highlights HSBC’s sustained dominance in Hong Kong, with projections that are currently higher than what the market as a whole expects.
HSBC Holdings PLC (NYSE:HSBC) is the largest bank in Europe by assets. It is headquartered in London and operates across more than 60 countries. Its core businesses include commercial banking, global markets, wealth management, and retail banking.
18. Blackstone Inc. (NYSE:BX)
AUM: $1.2 trillion
Number of Hedge Fund Holders: 80
Blackstone Inc. (NYSE:BX) ranks among the biggest publicly traded asset managers. On January 30, Goldman Sachs reduced its price target for Blackstone Inc. (NYSE:BX) to $158 from $166 while keeping a Neutral rating on the asset manager. The revision came as Goldman Sachs forecasted a 12% compound annual growth rate in Blackstone’s core management fees between 2025-2028, with a 16% fee-related earnings (FRE) CAGR during the same timeframe.
According to the firm, Blackstone Inc. (NYSE:BX) is trading at about 20 times the 2027 P/E ratio net of equity-based compensation, which it defines as “a more digestible overall valuation amid a cyclical boost to PRE estimates in 2027.”
Citizens also maintained its Market Outperform rating for Blackstone Inc. (NYSE:BX) after the company’s fourth-quarter 2025 earnings report. Analyst Brian McKenna dubbed Blackstone’s positioning going into 2026 as “compelling” and kept a bullish outlook on the stock after the company delivered “strong 4Q25 earnings” that included a “meaningful headline earnings beat.”
Blackstone Inc. (NYSE:BX) provides investment and fund management services. The company’s operations are divided into the following segments: Real Estate, Private Equity, Credit and Insurance, and Hedge Fund Solutions.
17. Ameriprise Financial, Inc. (NYSE:AMP)
AUM: $1.5 trillion
Number of Hedge Fund Holders: 52
Ameriprise Financial, Inc. (NYSE:AMP) ranks among the biggest publicly traded asset managers. On January 29, Ameriprise Financial, Inc. (NYSE:AMP) posted its fourth-quarter earnings results, with adjusted earnings per share of $10.83, exceeding market expectations of $10.30, owing to robust asset growth and expense management. At the same time, revenue for the quarter came in at $4.96 billion, beating the average forecast of $4.77 billion, representing a 10% year-over-year growth.
The company’s Advice & Wealth Management division reported pretax adjusted operating earnings of $926 million, a 13% increase with an overall margin of 29.3%. Meanwhile, total client assets rose by 13% to a new high of $1.2 trillion, with robust client flows of $13.3 billion.
Moreover, during the quarter, the company strengthened its capacity to generate free cash flow by raising its return of capital to shareholders to $1.1 billion, or 101% of adjusted operating earnings.
Ameriprise Financial, Inc. (NYSE:AMP) is a diversified financial services firm based in Minneapolis, Minnesota, founded in 1894. It offers wealth and asset management, financial planning, insurance, and annuity services to individuals, institutions, and businesses worldwide.
16. Raymond James Financial Inc. (NYSE:RJF)
AUM: $1.54 trillion
Number of Hedge Fund Holders: 37
Raymond James Financial Inc. (NYSE:RJF) ranks among the biggest publicly traded asset managers. On January 28, Raymond James Financial Inc. (NYSE:RJF) reported mixed first-quarter fiscal 2026 results, with solid revenue growth offset by declining profits and margins across a number of major indicators. The company reported net revenues of $3.7 billion, a 6% rise year-over-year. Conversely, pre-tax income fell 3% from the same period last year, while net income available to common shareholders fell 6% year-over-year.
The Private Client Group, the company’s largest sector, reported solid results, with revenues of $2.77 billion, up 9% year-over-year. Asset Management also fared well, with revenues climbing 11% year-over-year to hit the $326 million mark.
Looking forward, Raymond James Financial Inc. (NYSE:RJF) expects $400-500 million in quarterly share buybacks and a 1% increase in fiscal Q2 asset management fees. Management continues a strategy centered around organic growth and prospective acquisitions, with an expected effective tax rate around 24-25% in fiscal 2026.
Raymond James Financial Inc. (NYSE:RJF) is a diversified financial services company that offers wealth management, capital markets, asset management, banking, and other services to individuals, corporations, and institutions.
15. Franklin Resources, Inc. (NYSE:BEN)
AUM: $1.68 trillion
Number of Hedge Fund Holders: 43
Franklin Resources, Inc. (NYSE:BEN) ranks among the biggest publicly traded asset managers. Franklin Resources, Inc. (NYSE:BEN) published its first quarter 2026 earnings report on January 30, with adjusted earnings per share of $0.70, $0.15 exceeding the average estimate of $0.55. Revenue came in at $2.37 billion, significantly above the consensus forecast of $1.71 billion and up 3% from the $2.25 billion reported in the same period the year before.
Notably, discounting Western Asset Management, long-term net inflows totaled $34.6 billion, up from $17.9 billion in the year-ago quarter, indicating robust organic expansion across the company’s major investment vehicles.
The company’s alternatives business continued to be a major growth engine, raising $10.8 billion in the quarter, which includes $9.5 billion in private market assets. Meanwhile, Franklin’s ETF platform hit an all-time high of $58 billion in assets under management and $7.5 billion in net flows.
Franklin Resources, Inc. (NYSE:BEN) is a global investment management firm operating under the Franklin Templeton umbrella, serving clients in more than 150 countries.
14. T. Rowe Price Group, Inc. (NASDAQ:TROW)
AUM: $1.78 trillion
Number of Hedge Fund Holders: 31
T. Rowe Price Group, Inc. (NASDAQ:TROW) ranks among the biggest publicly traded asset managers. On January 29, T. Rowe Price Group, Inc. (NASDAQ:TROW) debuted the active T. Rowe Price Innovation Leaders ETF (TNXT) on the NASDAQ exchange. The fund focuses on companies that are at the heart of technological advancement, healthcare, and finance, with an actively managed portfolio of approximately 150-250 holdings.
Sean McWilliams and Som Priestley, both accomplished professionals with 16 and 20 years of experience, co-manage the ETF to ensure high-quality fund administration and investing decisions.
This expansion occurs as investors look forward to the company’s upcoming quarterly financial report on February 4, which will offer a crucial assessment of its performance in a competitive environment.
Additionally, on December 17, Keefe Bruyette analyst Alex Bond reduced his price target for T. Rowe Price Group, Inc. (NASDAQ:TROW) to $115 from $117 while maintaining a Market Perform rating on the company’s shares. According to the firm, the asset manager should continue to enjoy a favorable economic climate in 2026.
T. Rowe Price Group, Inc. (NASDAQ:TROW) is a publicly traded global investment manager based in the U.S. The firm offers mutual funds, subadvisory services, separate account management, and retirement solutions for individuals, institutions, and financial intermediaries.
13. Northern Trust Corporation (NASDAQ:NTRS)
AUM: $1.80 trillion
Number of Hedge Fund Holders: 47
Northern Trust Corporation (NASDAQ:NTRS) ranks among the biggest publicly traded asset managers. TD Cowen boosted its price target for Northern Trust Corporation (NASDAQ:NTRS) to $175 from $165 on January 26, retaining a Buy rating on the financial services company. The increase comes after Northern Trust’s fourth-quarter 2025 core EPS of $2.62, which beat market forecasts owing to increased pre-tax pre-provision income and lower provision expenditure. Revenue also exceeded expectations, totaling $2.14 billion vs the expected $2.06 billion.
TD Cowen stated that Northern Trust’s fee businesses are gaining traction, while the company has shown great execution in expenditure management, adding to what the bank describes as a favorable forecast for 2026.
Northern Trust Corporation (NASDAQ:NTRS) has also upgraded its medium-term pre-tax margin and ROE projections, which TD Cowen interprets as confirming trust in the company’s long-term profitability path.
Northern Trust Corporation (NASDAQ:NTRS) is a financial holding company that operates through its subsidiaries, including The Northern Trust Company (Bank). It offers wealth management, asset servicing, asset management, and banking solutions to corporations, institutions, families, and individuals.
12. Morgan Stanley (NYSE:MS)
AUM: $1.89 trillion
Number of Hedge Fund Holders: 69
Morgan Stanley (NYSE:MS) ranks among the biggest publicly traded asset managers. On January 16, RBC Capital boosted Morgan Stanley (NYSE:MS)’s price target to $207 from $185, while keeping a Sector Perform rating on the financial company. According to the firm, Morgan Stanley’s diverse business model, which comprises Institutional Securities, Wealth Management, and Investment Management, resulted in solid performance for the fourth quarter of 2025.
RBC Capital believes that Morgan Stanley’s business strategy has allowed it to provide shareholders with a return on tangible common equity (ROTCE) of in excess of 20%. With a record 31.0% pre-tax margin, the Wealth Management segment was especially praised for its impressive performance.
The company intends to continue to benefit from operating leverage, with a tax rate of 22-23% in 2026. Major investments in technology and client competencies are also expected to continue, with a focus on artificial intelligence and digital assets.
Morgan Stanley (NYSE:MS) is a global financial services company that provides a range of investment banking, securities, wealth management, and investment management services to corporations, financial institutions, governments, and individuals.
11. SEI Investments Company (NASDAQ:SEIC)
AUM: $1.9 trillion
Number of Hedge Fund Holders: 35
SEI Investments Company (NASDAQ:SEIC) ranks among the biggest publicly traded asset managers. Piper Sandler boosted its price target for SEI Investments Company (NASDAQ:SEIC) to $109 from $102 on January 29, reiterating an Overweight rating on the company. The increase comes after SEI’s quarterly results, which indicated core earnings per share considerably higher than both Street and Piper Sandler projections. Furthermore, the company’s revenue came in at $607.93 million, exceeding the expected $596.9 million.
According to Piper Sandler, the momentum for sales events continued its upward trajectory, which fell in line with patterns seen in previous quarters. In addition, management also hinted at possible further high-profile client victories in the first quarter of 2026.
Piper Sandler increased its earnings per share estimates for SEI Investments Company (NASDAQ:SEIC) to $6.06 for 2026 and $6.87 for 2027 in response to these results, up from previous projections of $5.67 and $6.34, respectively.
SEI Investments Company (NASDAQ:SEIC) is an asset management company that provides technology and investment solutions to financial institutions, advisors, and families, with services spanning investment processing, management, and operations outsourcing.
10. Deutsche Bank Aktiengesellschaft (NYSE:DB)
AUM: $2.08 trillion
Number of Hedge Fund Holders: 26
Deutsche Bank Aktiengesellschaft (NYSE:DB) ranks among the biggest publicly traded asset managers. On January 29, Deutsche Bank Aktiengesellschaft (NYSE:DB) reported its highest annual profit since 2007, following a better-than-expected fourth quarter. The German bank reported a net profit attributable to shareholders of 6.12 billion euros ($7.3 billion) last year, boosted by strong performance at its global investment bank.
The past year also marked the end of a three-year financial strategy during which Deutsche Bank Aktiengesellschaft (NYSE:DB) committed to and achieved a key profit target of over 10% return on tangible equity. The financial giant is now working toward a new 2028 target of 13%, which experts believe it may fall short of.
Deutsche’s investment bank continued to be the largest revenue producer in the quarter, with a 5% growth that was about in line with forecasts. One of the investment bank’s biggest divisions, fixed-income and currency trading, recorded a 7% increase in revenue, above forecasts of a 4% gain.
Deutsche Bank Aktiengesellschaft (NYSE:DB) is Germany’s largest bank and one of Europe’s leading universal banking institutions. It operates across retail banking, corporate banking, investment banking, and asset management, serving clients worldwide.
9. Invesco Ltd. (NYSE:IVZ)
AUM: $2.16 trillion
Number of Hedge Fund Holders: 41
Invesco Ltd. (NYSE:IVZ) ranks among the biggest publicly traded asset managers. On January 28, RBC Capital reduced its price target for Invesco Ltd. (NYSE:IVZ) to $33 from $35 while retaining an Outperform rating on the company’s shares. The adjustment comes after Invesco’s fourth-quarter results, with analyst Kenneth Lee identifying the company’s 2026 expense estimate as an important focal point, though he considers the total impact to be minor.
The company reported an earnings per share of $0.62, compared to market expectations of $057. Meanwhile, Invesco’s revenue for the quarter fell slightly short of expectations, totaling $1.23 billion compared to the expected $1.24 billion.
RBC Capital, on the other hand, maintains its investment thesis for Invesco Ltd. (NYSE:IVZ), predicting stronger organic growth as well as probable incremental margin improvement to 37%-38% in 2026/2027 as a result of operating leverage.
Invesco Ltd. (NYSE:IVZ) is a global investment management firm offering a diverse range of actively and passively managed funds, ETFs, and alternative investments. The company serves both retail and institutional clients across various asset classes and strategies.
8. Bank of America Corporation (NYSE:BAC)
AUM: $2.17 trillion
Number of Hedge Fund Holders: 111
Bank of America Corporation (NYSE:BAC) ranks among the biggest publicly traded asset managers. On January 15, Truist Securities cut its price target for Bank of America Corporation (NYSE:BAC) from from $62 to $60, retaining a Buy rating on the banking giant. The drop reflects minor adjustments in the firm’s provision estimates, as well as plans for BofA to halt its share buybacks.
In contrast to Bank of America’s medium-term goal of 200–300+ basis points, the firm’s model now predicts 160 basis points of positive operating leverage in 2026, considerably lower than the bank’s guidance of 200 basis points, and 200 basis points in 2027.
Also on January 15, TD Cowen reduced its price target on Bank of America Corporation (NYSE:BAC) to $64 from $66. The drop comes after Bank of America’s fourth-quarter 2025 core EPS of $0.98, which exceeded market estimates. The earnings beat was mostly due to decreased provisions and moderate net interest income growth.
Bank of America Corporation (NYSE:BAC), through its subsidiaries, provides a range of financial products and services to individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide.
7. The Bank of New York Mellon Corporation (NYSE:BK)
AUM: $2.2 trillion
Number of Hedge Fund Holders: 62
The Bank of New York Mellon Corporation (NYSE:BK) ranks among the biggest publicly traded asset managers. On January 14, RBC Capital boosted its price target for The Bank of New York Mellon Corporation (NYSE:BK) to $130 from $124 while keeping a Sector Perform rating on the company. According to reports, CEO Robin Vince is developing a business strategy based on three pillars: “Be More for Our Clients, Run Our Company Better, and Power Our Culture.”
RBC Capital stated that the execution of this strategy has resulted in the breakdown of business unit silos and a decrease in the company’s expenditure inflation. According to the firm, this strategy should also result in greater earnings per share growth, given the company’s recent performance was “best in class.”
The firm stated that Bank of New York Mellon’s “laserlike focus” on performance aims to create favorable operating leverage, which the firm refers to as its “Northstar” signal.
The Bank of New York Mellon Corporation (NYSE:BK) provides a range of financial products and services in the US and internationally. It operates through four segments: Securities Services, Market & Wealth Services, Investment & Wealth Management, and Other.
6. Wells Fargo & Company (NYSE:WFC)
AUM: $2.5 trillion
Number of Hedge Fund Holders: 76
Wells Fargo & Company (NYSE:WFC) ranks among the biggest publicly traded asset managers. On January 15, RBC Capital reaffirmed its Outperform rating and $100 price target for Wells Fargo & Company (NYSE:WFC), citing the bank’s transformation from “defense-to-offense” following regulatory limitations. The bank’s assets topped $2.1 trillion in Q4 2025, a major achievement after over seven years of balance sheet growth constraints owing to regulatory directives.
RBC Capital stated that Wells Fargo’s medium-term return on tangible common equity (ROTCE) objective of 17-18% reflects management’s willingness to continue implementing its growth plan while properly managing capital ratios.
Additionally, on January 15, Evercore ISI cut its price target for Wells Fargo & Company (NYSE:WFC) from $110 to $105 while maintaining its Outperform rating on the company’s shares. The firm cut its 2026 and 2027 EPS expectations by 1% and 2%, respectively, to $7.17 and $8.32.
Wells Fargo & Company (NYSE:WFC) is an American multinational financial services company that provides a wide range of banking, investment, and mortgage products and services. The company also specializes in consumer and commercial finance.
5. The Goldman Sachs Group, Inc. (NYSE:GS)
AUM: $3.6 trillion
Number of Hedge Fund Holders: 75
The Goldman Sachs Group, Inc. (NYSE:GS) ranks among the biggest publicly traded asset managers. Keefe, Bruyette & Woods boosted its price target for The Goldman Sachs Group, Inc. (NYSE:GS) to $1,000 from $971 on January 16, retaining a Market Perform rating on the company’s shares. The revision reflects a 3% increase over KBW’s previous assessment, indicating improved company performance, especially in the investment banking and trading segments.
Analyst Christopher McGratty remarked that “business momentum is exceptionally strong” in Goldman Sachs’ aforementioned divisions, with the company expected to meet or exceed its medium-term return on equity projections.
Bank of America also raised its price target for The Goldman Sachs Group, Inc. (NYSE:GS) to $1,100 on January 16. The report came after a robust fourth quarter and increased momentum in negotiations and IPO activities. The firm also mentioned an evolving regulatory setting, which is “significantly boosting Goldman’s competitive positioning.”
The Goldman Sachs Group, Inc. (NYSE:GS) is a global financial institution that provides a broad range of financial services to corporations, financial institutions, governments, and individual clients.
4. JPMorgan Chase & Co. (NYSE:JPM)
AUM: $4.8 trillion
Number of Hedge Fund Holders: 120
JPMorgan Chase & Co. (NYSE:JPM) ranks among the biggest publicly traded asset managers. In response to JPMorgan Chase & Co. (NYSE:JPM)’s fourth-quarter earnings announcement, TD Cowen reaffirmed its Buy rating and $400 price target for the company on January 14. JPMorgan Chase & Co. (NYSE:JPM) reported core earnings per share of $5.23, above both the Street consensus of $4.86 and TD Cowen’s forecast of $5.02. The company’s revenue also topped estimates, reaching $46.77 billion against the predicted $46.25 billion. The earnings surprise was mostly due to reduced costs and lower core provision charge.
Despite the excellent earnings figures, JPMorgan Chase & Co. (NYSE:JPM) shares plummeted 4% following the release, due in part to investment banking revenues falling short of estimates for the quarter. Analyst Steven Alexopoulos described the downturn as “unwarranted,” pointing to a “very constructive backdrop” for investment banking activity and loan growth in 2026.
JPMorgan Chase & Co. (NYSE:JPM) is a multinational financial services company that offers investment banking, in addition to consumer and small-business financial services. It also offers commercial banking, asset management, and financial transaction processing.
3. State Street Corporation (NYSE:STT)
AUM: $5.7 trillion
Number of Hedge Fund Holders: 43
State Street Corporation (NYSE:STT) ranks among the biggest publicly traded asset managers. On January 16, State Street Corporation (NYSE:STT) reported its fourth quarter and full-year 2025 financial results, highlighting solid performance across numerous metrics. The financial services company posted an EPS of $2.97, which was 6.83% higher than the expected $2.78. The total revenues for the quarter came in at $3.7 billion, up 7% year-over-year, while full-year revenue was $14 billion, a 7% rise over 2024.
Servicing fees, a key source of revenue for State Street Corporation (NYSE:STT), grew steadily through 2025, reaching $1.39 billion in Q4, an 8% rise year-over-year. This expansion was largely fueled by increased market activity, net new business, and positive exchange rate effects.
State Street Corporation (NYSE:STT) also extended its ETF offerings, introducing 37 new products in just Q4 and 134 within 2025. The asset management company debuted a Japan Onshore ETF Platform with five initial products and increased market share in its U.S. Low Cost ETF suite.
State Street Corporation (NYSE:STT) is an asset management company providing financial products and services to institutional investors worldwide. It offers investment servicing products and services, including custody, accounting, regulatory reporting, investor, and performance.
2. The Charles Schwab Corporation (NYSE:SCHW)
AUM: $11.8 trillion
Number of Hedge Fund Holders: 99
The Charles Schwab Corporation (NYSE:SCHW) ranks among the biggest publicly traded asset managers. UBS boosted its price target for The Charles Schwab Corporation (NYSE:SCHW) to $125 from $123 on January 22, maintaining a Buy rating on the company. The hike follows Charles Schwab’s Q4 2025 results, which showed earnings per share roughly in line with expectations, although revenues fell somewhat lower than expected.
UBS raised its forecasts for 2026, 2027, and 2028 by about 2% owing to solid 2026 guidance and strong core key performance metrics like cash generation, capital growth, and core net new assets.
The firm observed that management’s guidance is conservative, with opportunity for growth across various categories. UBS believes that The Charles Schwab Corporation (NYSE:SCHW) will deliver a 17% compound annual earnings-per-share growth rate through 2028, with further growth opportunities from efforts yet to be included in consensus projections.
The Charles Schwab Corporation (NYSE:SCHW) is a savings and loan holding company that engages in securities brokerage, wealth management, custody, asset management, and financial advisory services.
1. BlackRock, Inc. (NYSE:BLK)
AUM: $14 trillion
Number of Hedge Fund Holders: 63
BlackRock, Inc. (NYSE:BLK) ranks among the biggest publicly traded asset managers. UBS boosted its price target for BlackRock, Inc. (NYSE:BLK) to $1,280 from $1,218 on January 16, maintaining a Neutral rating on the company’s shares. The company reported fourth-quarter earnings that exceeded forecasts, with UBS emphasizing BlackRock’s solid 12% annualized organic base-fee growth as especially notable. BlackRock, Inc. (NYSE:BLK) also announced earnings per share of $13.16, which beat the estimated $12.44, and revenue of $7 billion, exceeding the expected $6.75 billion.
UBS stated that BlackRock, Inc. (NYSE:BLK) manages to offer a number of growth opportunities, routinely exceeding its 5%+ growth target while focusing on profit margins.
Following the results, UBS made only minimal upward revisions to forward earnings projections, implying that the share price increase represented both solid quarterly performance and a somewhat cautious market attitude leading up to the earnings report.
BlackRock, Inc. (NYSE:BLK) is a global investment management firm providing a wide range of financial services, including asset management, risk advisory, and technology solutions. The company serves institutional and individual clients worldwide.
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