If You Invested $1000 in BlackRock a Decade Ago, This is How Much It'd Be Worth Now

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Image: Bigstock Zacks Equity Research January 12, 2023 BLK Trades from $1 You follow Tale of the Tape - edit You follow Zacks Equity Research - edit Read MoreHide Full Article For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks.What if you'd invested in BlackRock (BLK - Free Report) ten years ago? It may not have been easy to hold on to BLK for all that time, but if you did, how much would your investment be worth today?BlackRock's Business In-DepthWith that in mind, let's take a look at BlackRock's main business drivers. BlackRock Inc., headquartered in New York, offers products that span the risk spectrum, including active, enhanced and index strategies through a variety of structures that include separate accounts, mutual funds, iShares exchange traded funds (ETFs) and other pooled investment vehicles.BlackRock manages its AUM through the following categories:Equity: BlackRock's equity AUM reflects the diversity of its business model and includes a wide range of both active and passive strategies. AUM for this class was $4,020.3 billion as of Sep 30, 2022.Fixed Income: BlackRock's fixed income asset class is evenly divided between passive and active mandates. AUM under this class was $2,350.3 billion as of Sep 30, 2022.Multi-Asset Class: BlackRock's multi-asset class team manages a range of personalized mandates that leverages its broad investment expertise in global equities, currencies, bonds and commodities and its extensive risk management capabilities. As of Sep 30, 2022, AUM under this class was $637.4 billion.Alternatives: BlackRock Alternative Investors manage the company's alternative investment efforts, including product management, business development and client service. AUM under this class was $259.2 billion as of Sep 30, 2022.Cash Management: Cash management products include taxable and tax-exempted money market funds and customized separate accounts. AUM under this class was $694.1 billion as of Sep 30, 2022.Advisory: Total AUM from this asset class was $3 million as of Sep 30, 2022.In 2017, BlackRock acquired the First Reserve Energy Infrastructure Funds and Cachematrix. In 2018, it acquired Tennenbaum Capital Partners and the asset management business of Citibanamex. In 2019, the company acquired Paris-based eFront. In 2021, it acquired Aperio Group LLC and the Climate Change Scenario Model of Baringa Partners.Bottom LinePutting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For BlackRock, if you bought shares a decade ago, you're likely feeling really good about your investment today.A $1000 investment made in January 2013 would be worth $3,420.30, or a 242.03% gain, as of January 12, 2023, according to our calculations. Investors should note that this return excludes dividends but includes price increases.Compare this to the S&P 500's rally of 169.67% and gold's return of 8.42% over the same time frame.Going forward, analysts are expecting more upside for BLK. Shares of BlackRock have outperformed the industry over the past year. BlackRock continues to restructure the equity business, which, along with strategic acquisitions, will likely keep supporting revenue growth, and help expand market share and footprints globally. Robust assets under management (AUM) balance will further support the company's top line. Though our estimates for revenues reflect year-over-year declines in 2022 and 2023, the same will increase in 2024 as the operating backdrop becomes more favorable. BLK's capital deployments reflect a solid liquidity position. However, elevated expenses (mainly owing to higher administration costs) are expected to hurt the company's profits. Its high dependence on overseas revenues is worrisome. The rise in equity market volatility and a fall in asset prices make us apprehensive. The stock has jumped 6.24% over the past four weeks. Additionally, no earnings estimate has gone lower in the past two months, compared to 6 higher, for fiscal 2022; the consensus estimate has moved up as well. growth-investing growth-investors growth-stocks high-growth

Chicago, IL 60606 At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. These returns cover a period from January 1, 1988 through December 5, 2022. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Visit Performance Disclosure for information about the performance numbers displayed above. Visit URL to get our data and content for your mobile app or website. Real time prices by BATS. Delayed quotes by Sungard. NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.