Blackrock, Inc. (BLK) Tops Q1 EPS by 28c
Blackrock, Inc. (NYSE: BLK) reported Q1 EPS of $4.43, $0.28 better than the analyst estimate of $4.15. Revenue for the quarter came in at $2.67 billion versus the consensus estimate of $2.67 billion.
RESULTS BY CLIENT TYPE
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| (Dollar amounts in millions), (unaudited) | Q1 2014Net flows | March 31, 2014AUM | Q1 2014Base Fees(1) | March 31, 2014AUM% of Total | Q1 2014Base Fees(1)% of Total | ||||||||||||||
| Retail | $ | 14,002 | $ | 508,717 | $ | 785 | 12 | % | 35 | % | |||||||||
| iShares | 7,759 | 930,380 | 765 | 23 | % | 35 | % | ||||||||||||
| Institutional: | |||||||||||||||||||
| Active | (12,611 | ) | 939,654 | 455 | 23 | % | 20 | % | |||||||||||
| Index | 17,577 | 1,726,855 | 212 | 42 | % | 10 | % | ||||||||||||
| Total institutional | 4,966 | 2,666,509 | 667 | 65 | % | 30 | % | ||||||||||||
| Total long-term | $ | 26,727 | $ | 4,105,606 | $ | 2,217 | 100 | % | 100 | % | |||||||||
RESULTS BY PRODUCT
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(Dollar amounts in millions), (unaudited)  | Q1 2014 Net flows | March 31, 2014 AUM | Q1 2014 Base Fees(1) | March 31, 2014 AUM % of Total | Q1 2014 Base Fees(1) % of Total | |||||||||||||
| Equity | $ | 3,824 | $ | 2,347,934 | $ | 1,255 | 57 | % | 57 | % | ||||||||
| Fixed income | 15,642 | 1,289,014 | 495 | 31 | % | 22 | % | |||||||||||
| Multi-asset | 4,989 | 353,231 | 286 | 9 | % | 13 | % | |||||||||||
| Alternatives | 2,272 | 115,427 | 181 | 3 | % | 8 | % | |||||||||||
| Total long-term | $ | 26,727 | $ | 4,105,606 | $ | 2,217 | 100 | % | 100 | % | ||||||||
| (1) | Base fees include investment advisory, administration fees and securities lending revenue. |
For earnings history and earnings-related data on Blackrock, Inc. (BLK) click here.