Portfolio Management
BlackRock released its fourth quarter financial results on Thursday morning. Here’s what the report means for mutual fund investors.
BLK’s Q4 Results
Earnings
The company reported earnings of $813 million, or $4.77 per share, down from $841 million, or $4.86 per share, a year ago. Excluding special items, earnings were $4.82 per share – above analysts’ view of $4.70 per share.
Revenue
Revenue came in at $2.784 billion, compared to $2.778 billion last year. Analysts expected to see $2.89 billion in revenue.
Dividend Boost
BLK also announced that it has raised its dividend by 13% to $2.18 per share quarterly. The stock now yields around 2.5%.
Growth & Income Stock
With its stock performance over the last year and its history of dividend increases, BlackRock could be a great choice for investors seeking both growth and income. At just 18x 2015 earnings estimates, the stock is fairly valued. On a pullback, BLK could be a great opportunity for fund managers and investors to consider.
Mutual Funds to Watch
Investors interested in BLK may be interested in the funds listed below. These funds currently have the largest stakes in the company.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| {% mutualfund VWELX %} | Vanguard Wellington | 3.68% |
| {% mutualfund VTSMX %} | Vanguard Total Stock Market | 1.20% |
| {% mutualfund FCNTX %} | Fidelity® Contrafund® | 0.92% |
The Bottom Line
The funds listed above allow investors to gain exposure to BLK while remaining diversified. Investors interested in BLK may also be interested in Moody’s Corporation (MCO).
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