In this article, we will discuss the 5 top stocks to buy according to Rob Koehn’s Ivy Lane Capital. If you want to read our detailed analysis of Rob Koehn’s history, investment strategy, and hedge fund performance, go directly to see Top Stocks to Buy Today According to Rob Koehn’s Ivy Lane Capital.
5. BlackRock, Inc. (NYSE: BLK)
Value: $18,811,000
Percentage of Ivy Lane’s 13F Portfolio: 13.3%
Number of Hedge Fund Holders: 47
BlackRock, Inc. (NYSE: BLK) is a multinational investment management company based in New York City, U.S. The company provides investment management services to institutions and investors and also manages funds. BlackRock, Inc. (NYSE: BLK) has over 70 offices in 30 different locations.
In Q2, Ivy Lane holds 21,500 shares in BlackRock, Inc. (NYSE: BLK), worth $18.8 million. The company represents 13.3% of the hedge fund’s 13F portfolio. In the second quarter, Ivy Lane did not change its position in the company. In Q2 2021, BlackRock, Inc. (NYSE: BLK) posted an EPS of $10.03, beating the estimates by $0.63. The company also reported revenue of $4.8 billion, up from $3.6 billion during the same period last year. BlackRock, Inc. (NYSE: BLK) also declared a quarterly dividend of $4.13 per share. In July, Argus lifted its price target on BlackRock, Inc. (NYSE: BLK) to $975, with a ‘Buy’ rating on the shares.
BlackRock, Inc. (NYSE: BLK) has delivered a 58.6% return in the past year. As of Q2 2021, 47 hedge funds have positions in the company, compared with 42 in the previous quarter. The stakes are valued at $1.28 billion.
Baron Funds released its Q1 2021 investor letter and mentioned BlackRock, Inc. (NYSE: BLK) in it. Here is what the asset management firm has to say:
“During the quarter, we initiated a position in BlackRock Inc., the world’s largest investment manager with $9 trillion in assets under management. BlackRock offers an array of products across equities, fixed income, alternatives, and cash management to institutional and retail investors worldwide. About one-quarter of BlackRock’s assets under management is actively managed, and the rest is in passive index funds and iShares-branded ETFs. The company offers technology services including the investment and risk management platform, Aladdin, as well as other advisory services and solutions. Over the five years ending December 31, 2020, assets under management and earnings per share grew at compound annual growth rates
of 13% and 12%, respectively.We believe BlackRock is well positioned for continued growth given its diverse product offering, global distribution, brand recognition, and capable management team. With most of its assets in index funds and ETFs, BlackRock is a prime beneficiary of the ongoing shift to passive investing. The company also benefits from increasing demand for sustainable investment strategies and “barbell” strategies that use a combination of low-cost index funds, active and illiquid alternatives products. BlackRock fits squarely within our Tech-Enabled Financials theme given its longstanding commitment to innovation and proprietary technology platform, Aladdin, which serves as the investment and risk management system for both BlackRock and a growing number of institutional investors around the world. We expect BlackRock’s earnings per share will continue to grow at a doubledigit annual rate over a market cycle through a combination of mid-single-digit growth in assets under management from net inflows, market appreciation, low to mid-teens revenue growth in technology services, modest margin expansion, and share repurchases.”
