Today's sell-off likely has more to do with profit-taking following the stock's near-40% recovery off of April's lows than anything else. BlackRock shares also came into the day trading around 27 times earnings, while paying a dividend yield just under 2%.

The firm’s strongest inflows were across its bond ETFs, which counted just under $44bn of additions in the period. BlackRock’s crypto and digital asset ETFs also reported $14bn of inflows, as investors push bitcoin and other cryptocurrencies to record highs.

BlackRock’s strategy of external growth through acquisitions is a key catalyst for future expansion and diversification. Find out why I rate BLK stock a buy now.

BlackRock Inc. dropped the most since April as revenue and performance fees missed estimates, even as the world’s largest money manager hit a record $12.5 trillion in assets.

CNBC’s Brian Sullivan with BlackRock CEO Larry Fink, join 'Money Movers' to discuss earnings results, the energy trade and investing in AI and infrastructure.

BlackRock Inc. said it expects to start offering its own target-date retirement funds that include private assets next year, the latest push by the $12.5 trillion money manager to bring alternatives to everyday investors.

Now celebrating 20 years in Chicago, the New York-based investment management firm is eyeing further growth through alternative investments.