We were not too surprised to see wide-moat BlackRock announce it is acquiring Preqin, one of the largest providers of private-market data. However, we don't anticipate the deal having much of an impact on our $850 per share fair value estimate.
BlackRock is the largest asset manager in the world, with $10.473 trillion in AUM at the end of March 2024 and clients in more than 100 countries.
The sheer size and scale of BlackRock's operations could end up being the biggest impediment to the firm's long-term growth.
|
Metric
|
BLK
|
BEN
|
TROW
|
|---|---|---|---|
Price/Earnings (Normalized) | 19.90 | 8.29 | 13.82 |
Price/Book Value | 2.96 | 0.91 | 2.62 |
Price/Sales | 6.47 | 1.36 | 3.86 |
Price/Cash Flow | 27.50 | 7.83 | 20.97 |
|
Metric
|
BLK
|
BEN
|
TROW
|
|---|---|---|---|
Quick Ratio | 10.39 | 3.38 | 6.07 |
Current Ratio | 13.22 | 3.38 | 6.07 |
Interest Coverage | 22.50 | 13.52 | — |
|
Metric
|
BLK
|
BEN
|
TROW
|
|---|---|---|---|
Return on Assets (Normalized) | 4.89% | 4.56% | 15.28% |
Return on Equity (Normalized) | 15.40% | 11.46% | 20.31% |
Return on Invested Capital (Normalized) | 11.52% | 5.16% | 17.10% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| KKR & Co Inc Ordinary Shares
KKR
| Shwrzqvn | Nqyjpbk | $94.0 Bil | |||
| Blackstone Inc
BX
| Dmzsxzxh | Tqdpn | $92.6 Bil | |||
| Bank of New York Mellon Corp
BK
| Kcwrncrcm | Bydl | $45.2 Bil | |||
| Ameriprise Financial Inc
AMP
| Pbtqltbx | Fzghgb | $43.1 Bil | |||
| T. Rowe Price Group Inc
TROW
| Sbqznvnlwh | Pytn | $25.6 Bil | |||
| State Street Corporation
STT
| Ktbwsmkgw | Mkf | $22.3 Bil | |||
| Northern Trust Corp
NTRS
| Lczdytrvld | Sqmx | $17.2 Bil | |||
| The Carlyle Group Inc
CG
| Lcfddhqs | Mgpjd | $14.4 Bil | |||
| Franklin Resources Inc
BEN
| Wwndrjdf | Xkcdjr | $11.7 Bil |
