"Winner Winner, Chicken Dinner," Says Jim Cramer About BlackRock (BLK)

We recently published 15 Fresh Stocks Jim Cramer Discussed.  BlackRock, Inc. (NYSE:BLK) is one of the stocks Jim Cramer discussed.

BlackRock, Inc. (NYSE:BLK) is one of the biggest asset managers in the world. Its shares are up by 14.9% over the past year and by 7.2% year-to-date. BlackRock, Inc. (NYSE:BLK) scored a major win in January after reporting its fourth-quarter earnings. The results saw BlackRock, Inc. (NYSE:BLK) post $14 trillion in assets under management, which set yet another record. The firm’s net profit per share sat at $13.16, which beat estimates of $12.21. After the earnings, Jefferies raised BlackRock, Inc. (NYSE:BLK)’s share price target to $1,351 from an earlier $1,333 and kept a Buy rating. Some of the factors that Jefferies discussed in its report included a 12% organic fee growth in the fourth quarter and platform growth in areas such as digital assets. Cramer also praised BlackRock, Inc. (NYSE:BLK) and its CEO, Larry Fink:

“Winner winner, chicken dinner. Best one there is. We should recognize the fact that there is something wholesale going on perhaps in the way people save, it’s possible. . it’s also, David, their technology is fantastic. But the amount of money coming in is just extraordinary.”

“Jeez, you know they usually don’t get it, a ten percent increase, they don’t give you that kind of dividend boost. That’s not what they do. I’m very excited, I’m very excited because this says, people are a little optimistic, they’re saving, the individuals are saving more. . .

“Now, we’re going to have Larry Fink on, so when you talk about asset gatherer, everybody looks weaker versus them.”

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Disclosure: None. This article is originally published at Insider Monkey.