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Unformatted text preview: BlackRock, Inc. 09/10/2011 Analyst Opinion: Hold Analyst Outlook: Stable Last Review Date: 09/04/2011 Analyst: Nguyen Bui 6.25% of 9/15/2017 CUSIP: 09247XAC5 Purchase Date: 9/12/2007 Par: 4000000 Book Value: 3977975.64 Book Price: 99.449 Impairment: $0 Market Price: 118.415 52-Week Range: $111.837- $119.433 Subordination: Senior Equity Price: 156.04 52-Week Range: 144.64 - 209.77 Symbol/Ticker: BLK Rating (S&P//Moody’s) A+ (Stable) // A1(stable) Page 1 BlackRock, Inc. 09/10/2011 CDS 1/3/5/7/10 Year Values (bps): Corporate Headquarters: New York City, New York BlackRock, Inc: BlackRock, Inc. (BlackRock) is one of the largest investment management firms in the U.S. It offers a range of solutions - from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets . Its clients include taxable, tax-exempt and official institutions, retail investors and high net worth individuals. Its product range includes single- and multi-asset class portfolios investing in equities, fixed income and/or money market instruments. As of June 30, 2011, BlackRock's assets under management total US$3.66 trillion across equity, fixed income, cash management, alternative investment, real estate and advisory strategies. It has no single majority stockholder and has a majority of independent directors. The PNC Financial Services Group, Inc. and Barclays PLC own economic interests in BlackRock approximating 21.7% and 19.7%, respectively, with the remainder owned by institutional and individual investors, as well as BlackRock employees. Update on Black Rock: In August 8, 2011, Blackrock announced that it has further expanded its menu o f index mutual funds for defined contribution plans. The firm now features a full size of 16 cores index mutual fund that sponsors can use to construct a well-balanced menu of investment choices for their participants. Blackrock’s decision is considered to be a smart move because indexing offers significant benefits to DC plans of all sizes, providing a transparent, low cost and low maintenance approach to managing some or all of an investment portfolio. Therefore, its extended menu of index mutual funds for DC plans made Blackrock be more favored by...
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This note was uploaded on 11/22/2011 for the course FINANCE BUS M 497R taught by Professor Kimsmith during the Fall '11 term at BYU.
- Fall '11