BLK - BlackRock: This Great Dividend Growth Stock Is A Buy Again (Rating Upgrade)
2024-04-15 07:00:00 ET
Summary
- Benefiting from the rally in broader markets, BlackRock's assets under management reached an all-time high to close out the first quarter.
- The world's leading asset manager topped the analyst consensus for both revenue and non-GAAP diluted EPS in Q1.
- BlackRock possesses an AA- credit rating from S&P on a stable outlook.
- Shares of the asset manager could be priced 2% below fair value.
- BlackRock could be set up to deliver healthy total returns in the years to come.
In any given year, there are no guarantees that the stock market will go up. It may even fall in two consecutive years or even three consecutive years (as was the case in 2000-2002).
Fortunately, the brilliance of capitalism is that the markets can't be kept down forever. Outside of the tech bubble, it's even unlikely for markets to decline for two consecutive years. Out of the 24 years of this century that have been completed, the S&P 500 index ( SP500 ) has climbed in 16 of those years ....
BlackRock: This Great Dividend Growth Stock Is A Buy Again (Rating Upgrade)