BlackRock (BLK) Delivers Strong Organic Fee Growth, Says UBS

Core Insights - UBS raised its price target for BlackRock, Inc. (NYSE:BLK) to $1,280 from $1,218 while maintaining a Neutral rating on the shares [1] - BlackRock reported fourth-quarter earnings with earnings per share of $13.16, surpassing the estimated $12.44, and revenue of $7 billion, exceeding the expected $6.75 billion [1] - The company achieved a notable 12% annualized organic base-fee growth, which UBS highlighted as particularly significant [1][3] Financial Performance - BlackRock's fourth-quarter earnings exceeded forecasts, indicating strong financial performance [1] - UBS noted minimal upward revisions to forward earnings projections, suggesting a cautious market attitude despite solid quarterly results [3] Company Overview - BlackRock, Inc. is a global investment management firm that provides a variety of financial services, including asset management, risk advisory, and technology solutions [4] - The company serves both institutional and individual clients worldwide [4]