BlackRock Inc
BLK: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$539.00 | Wvfpn | Rqtksyxhw |
BlackRock Earnings: Robust Inflows and Market Gains Offset by Fee Compression and Higher Costs
There was little in BlackRock's first-quarter earnings that would alter our long-term view. We expect to leave our $810 per share fair value estimate and wide moat rating in place. While the firm's shares trade at a hefty premium relative to the other traditional asset managers (which we feel is warranted), they are currently trading at a 20% discount to our fair value estimate.