Is BlackRock a Buy?
While the banks made headlines for their big losses in 2020 and many fintechs made noise with massive gains, asset managers largely flew under the radar.
But there is one asset manager that should get your attention -- BlackRock (NYSE: BLK), the largest asset manager in the U.S. BlackRock's stock quietly returned 47% to shareholders in 2020 and is in a great position to continue its success this year and build upon its market-leading position.
BlackRock can boast roughly $8.6 trillion in assets under management, which is 17% higher than a year ago. In the fourth quarter, the firm had $127 billion flow into its funds, which was about the same as the same period the year before. The most popular funds were its iShares exchange-traded funds (ETFs), which had $78 billion in inflows in the quarter.
Source Fool.com
