BlackRock’s adjusted diluted EPS for the fourth quarter of 2020 was $10.18, more than expected $8.84, according to the company’s press release. The EPS increase reflected higher revenues of $4.48 billion in Q4, up from $3.98 billion in Q4 2019 and above the expected $4.36 billion.
- BlackRock’s Assets Under Management rose 17% year over year to $8.68 trillion in the fourth quarter, more than the expected $8.51 trillion.
- The adjusted operating margin was 46.6%, up from 43.5% year over year.
- The company’s total long-term net inflows was $116.2 billion, up from $97.6 billion quarter over quarter.
- BlackRock returned $3.8 billion to shareholders in 2020, including $1.5 billion of share repurchases.
- The company expects to seek board approval on dividend later this month.
BlackRock’s stock is currently declining. BLK: NYSE is down 3.17% on premarket.
