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BlackRock, Inc. (BLK) Q4 Earnings Top Expectations As ETF Inflows Surge

BLK – Beats Wall Street consensus EPS estimates by $0.22 and beats on revenues.

BlackRock, Inc. (NYSE:BLK) early Friday posted market-beating fourth quarter earnings results and lifted its dividend by 15%, as strong ETF inflows paced its total AUM growth.

The New York City-based asset manager reported Q4 earnings per share (EPS) of $6.24, which was $0.22 better than the Wall Street consensus estimate of $6.02.

Revenues rose 20.0% from last year to $3.47 billion, also beating analysts’ view for $3.33 billion.

BlackRock noted that retail long-term net inflows reached $11.4 billion in the latest period. $7.4 billion of that total came from the United States, and the remaining $4.0 billion was derived internationally. Fixed income net inflows were also strong at $8.0 billion.

iShares ETFs long-term net inflows surged to $54.8 billion, with $44.9 billion of that total coming into equity funds.

Total assets under management increased to $6.288 trillion, up 5.2% from $5.976 trillion last year.

In response to the strong earnings results, BLK’s Board of Directors approved a 15% increase in its quarterly cash dividend, to $2.88 per share.

The company commented via press release:

“BlackRock’s record 2017 results reflect the long-term investments we’ve consistently made in our business to better serve clients,” commented Laurence D. Fink, Chairman and CEO of BlackRock. “$367 billion of total net inflows for the year were the strongest flows in BlackRock’s history, and included $103 billion in the fourth quarter.”

BlackRock, Inc. shares were unchanged in premarket trading Friday. Year-to-date, BLK has gained 4.71%, versus a 3.47% rise in the benchmark S&P 500 index during the same period.

BLK currently has a POWR Rating of A (Strong Buy), and is ranked #1 of 36 stocks in the Asset Management category.

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BLK at a Glance

BLK Current POWR Rating™
Overall POWR Rating™
BLK Current Price $502.19 0.53%
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BLK Price Reaction

The day of this event (Jan. 12, 2018)
BLK Closing Price$549.62 3.27%
BLK Volume951,931
79.77% from avg
Leading up to this event
BLK 1-mo return3.90%
After this event
BLK 1-day return4.45%
BLK 3-day return7.13%
BLK 5-day return9.33%

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