5 Biggest Asset Management Companies in the World

2. BlackRock, Inc. (NYSE:BLK)

AUM: $8.49 trillion

BlackRock, Inc. (NYSE:BLK) is a global investment manager and the second largest institution in terms of assets under management in the world.

On August 12, Brian Bedell of Deutsche Bank upped his price target on BlackRock, Inc. (NYSE:BLK) to $860 from $720 and kept a ‘Buy’ rating. Bedell thought BlackRock, Inc. (NYSE:BLK)’s fundamentals were ‘relatively good’ in Q2 and he views alternative managers as positioned for upside.

In the second quarter, the company reported adjusted EPS of $7.36, versus the consensus of $7.90. Sales for the period were $4.53 billion, versus the consensus of $4.65 billion. AUM was $8.49 billion, down 11% year over year.

Of the 895 hedge funds in our database, 50 owned shares of BlackRock, Inc. (NYSE:BLK) at the end of the second quarter with Harris Associates owning 902,958 shares.