Zinger Key Points
- Digital assets exchange traded products saw a record inflow of $41 billion.
- About 25% of the $390 billion inflows originated from products launched within the last five years.
BlackRock Inc BLK experienced a year of exceptional growth in 2024, with $390 billion in net inflows into its exchange-traded funds, according to its fourth-quarter earnings call. Listed are a few iShares ETFs that could be of investors’ interest.
What Happened: BlackRock ETFs’ industry-leading performance resulted in 11% organic asset growth and a 7% increase in organic base fee revenue, said CFO Martin Small.
Its newly launched digital assets exchange-traded products saw a record inflow of $41 billion. The fourth quarter also saw strong inflows of $143 billion, driven by seasonal rebalancing which demonstrated significant year-end momentum, added Small.
The chairman and CEO, Larry Fink said that roughly 25% of the $390 billion inflows originated from products launched within the last five years. Active ETFs garnered $22 billion in net inflows during 2024, while Bitcoin ETP achieved record-breaking growth, surpassing $50 billion in assets under management within its first year.
“It was the third-highest asset gathering ETF in the entire ETF industry, behind only to the S&P 500 index funds,” Fink said.
| ETFs | Six Month Performance | One Year Performance |
| iShares Bitcoin Trust IBIT | 52.38% | 129.13% |
| iShares Core S&P 500 ETF IVV | 4.87% | 24.79% |
| iShares Russell 2000 ETF IWM | -0.25% | 17.40% |
| iShares Core S&P Total U.S. Stock Market ETF ITOT | 5.20% | 24.66% |
| iSharesTop 20 U.S. Stocks TOPT | 5.48% | 0.50% |
Why It Matters: BlackRock delivered strong Q4 results, exceeding expectations. Revenue surged 23% year-over-year to $5.68 billion, surpassing the consensus estimate. Earnings per share also climbed 23% to $11.93, beating analyst forecasts.
Business’ total net inflows for the quarter reached $281 billion, contributing to a record $641 billion in inflows for the full year. Assets under management expanded to $11.6 trillion, up from $10.0 trillion in 2023. Adjusted operating income surged 36% year-over-year to $2.33 billion, driven by a margin expansion to 45.5% from 41.6% in the prior year.
“From first-time individual investors to the most sophisticated institutions, ETFs are connecting investors to the growth of the capital markets around the world,” added Fink.
Price Action: BlackRock was down 0.12% in premarket on Thursday but the stock has risen by 0.05% over the last six months and 28.03% over a year.
BLK has a consensus price target of $948.09, according to the 22 analysts tracked by Benzinga. The high target is $1275, and the low is $540. Recent ratings by JP Morgan, Deutsche Bank, and JPMorgan suggest a $1099.67 target, implying an 8.34% upside.
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