BlackRock Company Profile (NYSE:BLK)

About BlackRock (NYSE:BLK)

BlackRock logoBlackRock, Inc. (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. It offers its Aladdin investment system, as well as risk management, outsourcing, advisory and technology services, to institutional investors and wealth management intermediaries under the BlackRock Solutions name.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Asset Management
  • Sub-Industry: Asset Management & Custody Banks
  • Symbol: NYSE:BLK
  • CUSIP: 09247X10
  • Web:
  • Market Cap: $64.55 billion
  • Outstanding Shares: 162,868,000
Average Prices:
  • 50 Day Moving Avg: $385.02
  • 200 Day Moving Avg: $382.01
  • 52 Week Range: $317.60 - $399.46
  • Trailing P/E Ratio: 19.44
  • Foreward P/E Ratio: 16.32
  • P/E Growth: 1.41
Sales & Book Value:
  • Annual Revenue: $11.35 billion
  • Price / Sales: 5.69
  • Book Value: $179.01 per share
  • Price / Book: 2.21
  • Annual Dividend: $9.16
  • Dividend Yield: 2.5%
  • EBIDTA: $5.01 billion
  • Net Margins: 28.44%
  • Return on Equity: 11.20%
  • Return on Assets: 1.44%
  • Debt-to-Equity Ratio: 1.21%
  • Current Ratio: 2.90%
  • Quick Ratio: 2.90%
  • Average Volume: 502,529 shs.
  • Beta: 1.72
  • Short Ratio: 3.38

Frequently Asked Questions for BlackRock (NYSE:BLK)

What is BlackRock's stock symbol?

BlackRock trades on the New York Stock Exchange (NYSE) under the ticker symbol "BLK."

How often does BlackRock pay dividends? What is the dividend yield for BlackRock?

BlackRock declared a quarterly dividend on Friday, January 13th. Stockholders of record on Monday, March 6th will be paid a dividend of $2.50 per share on Thursday, March 23rd. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Thursday, March 2nd. This is an increase from BlackRock's previous quarterly dividend of $2.29. View BlackRock's Dividend History.

How will BlackRock's stock buyback program work?

BlackRock announced that its Board of Directors has approved a share buyback plan on Friday, April 7th 2017, which authorizes the company to repurchase 6,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) released its earnings results on Wednesday, April, 19th. The company reported $5.25 EPS for the quarter, topping the Zacks' consensus estimate of $4.94 by $0.31. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.86 billion. BlackRock had a net margin of 28.44% and a return on equity of 11.20%. The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $4.25 EPS. View BlackRock's Earnings History.

When will BlackRock make its next earnings announcement?

BlackRock is scheduled to release their next quarterly earnings announcement on Wednesday, July, 12th 2017. View Earnings Estimates for BlackRock.

Where is BlackRock's stock going? Where will BlackRock's stock price be in 2017?

11 brokers have issued 12 month price targets for BlackRock's shares. Their predictions range from $387.00 to $464.00. On average, they anticipate BlackRock's share price to reach $414.25 in the next year. View Analyst Ratings for BlackRock.

What are analysts saying about BlackRock stock?

Here are some recent quotes from research analysts about BlackRock stock:

  • 1. According to Zacks Investment Research, "BlackRock’s third-quarter 2016 earnings surpassed the Zacks Consensus Estimate, primarily due to a decline in total expenses. However, lower revenues acted as a headwind. Further, increased dependence on overseas revenue and regulatory restrictions can negatively affect the company’s financials. In addition, increase in regulatory compliance costs, compensation costs as well as higher marketing costs are expected to keep expenses high, going forward. Nonetheless, the company has expanded largely via acquisitions, with most of its AUM growth attributable to the same. Moreover, the company remains well positioned to capitalize on opportunistic acquisitions, driven by its strong liquidity position. Also, its initiatives to gain market share in the ETF business are expected to drive revenue growth, going forward." (10/19/2016)
  • 2. Citigroup Inc analysts commented, "technology, globality, scale, and solutions orientation position the firm well ahead of peers in the increasingly elusive search for growth." The analyst views the recent weakness in stock as perfect entry point.BlackRock's management reiterated their 5 percent long-term organic growth. Katz expects growth to be primarily driven by iShares and Global Retail.Related Link: Right After MSCI Snub, A New A-Shares ETF DebutsOne of BlackRock's main focus is technology as it is focused on "increased distribution offerings from new FutureAdvisor acquisition" (6/16/2016)
  • 3. Credit Suisse Group AG analysts commented, "Wednesday, June 15. We expect the six hour event to highlight the firm’s deep bench of talented senior executives, and also help us better understand where the firm is investing to prepare for the rapidly changing landscape." (6/10/2016)

Who are some of BlackRock's key competitors?

Who owns BlackRock stock?

BlackRock's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include PNC Financial Services Group Inc. (21.14%), NORGES BANK (5.01%), NORGES BANK (4.99%), NORGES BANK (4.99%), Vanguard Group Inc. (4.79%) and Wellington Management Group LLP (4.24%). Company insiders that own BlackRock stock include Gary Shedlin, J Richard Kushel, James Grosfeld, Jeff A Smith, Laurence Fink, Mark Mccombe, Robert Kapito, Robert L Goldstein, Robert W Fairbairn, Ryan Stork, Susan Wagner and William S Demchak. View Institutional Ownership Trends for BlackRock.

Who sold BlackRock stock? Who is selling BlackRock stock?

BlackRock's stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Wellington Management Group LLP, FMR LLC, Alliancebernstein L.P., Alleghany Corp DE, PNC Financial Services Group Inc., RidgeWorth Capital Management LLC and Massachusetts Financial Services Co. MA. Company insiders that have sold BlackRock stock in the last year include Gary Shedlin, J Richard Kushel, James Grosfeld, Jeff A Smith, Mark Mccombe, Robert L Goldstein, Ryan Stork and Susan Wagner. View Insider Buying and Selling for BlackRock.

Who bought BlackRock stock? Who is buying BlackRock stock?

BlackRock's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., UBS Group AG, Vanguard Group Inc., Renaissance Technologies LLC, State Street Corp, Pioneer Investment Management Inc., Geode Capital Management LLC and Credit Agricole S A. View Insider Buying and Selling for BlackRock.

How do I buy BlackRock stock?

Shares of BlackRock can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of BlackRock stock cost?

One share of BlackRock stock can currently be purchased for approximately $396.31.

Analyst Ratings

Consensus Ratings for BlackRock (NYSE:BLK) (?)
Ratings Breakdown: 5 Hold Ratings, 6 Buy Ratings
Consensus Rating:Buy (Score: 2.55)
Consensus Price Target: $414.25 (4.53% upside)

Analysts' Ratings History for BlackRock (NYSE:BLK)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/17/2017Jefferies Group LLCReiterated RatingHold$387.00LowView Rating Details
4/22/2017Deutsche Bank AGReiterated RatingBuy$449.00 -> $441.00MediumView Rating Details
3/18/2017Morgan StanleyReiterated RatingBuyLowView Rating Details
3/8/2017JPMorgan Chase & Co.Reiterated RatingBuyLowView Rating Details
2/9/2017Credit Suisse Group AGReiterated RatingBuy$464.00N/AView Rating Details
1/25/2017Citigroup IncBoost Price TargetBuy$425.00 -> $430.00N/AView Rating Details
1/17/2017Barclays PLCLower Price TargetEqual Weight$411.00 -> $396.00N/AView Rating Details
1/4/2017Goldman Sachs Group IncDowngradeBuy -> Neutral$410.00 -> $403.00N/AView Rating Details
10/21/2016Wells Fargo & CoReiterated RatingMarket PerformN/AView Rating Details
10/21/2016ArgusReiterated RatingBuy$400.00N/AView Rating Details
10/14/2016Keefe, Bruyette & WoodsSet Price TargetHold$393.00N/AView Rating Details
4/17/2016Royal Bank of CanadaReiterated RatingBuyN/AView Rating Details
1/21/2016Susquehanna Bancshares IncLower Price TargetNeutral$320.00 -> $304.00N/AView Rating Details
1/7/2016Sanford C. BernsteinLower Price TargetOutperform$430.00 -> $415.00N/AView Rating Details
10/15/2015Piper Jaffray CompaniesReiterated RatingHold$357.00 -> $365.00N/AView Rating Details
9/16/2015GabelliUpgradeHold -> Buy$362.00 -> $362.00N/AView Rating Details
(Data available from 5/24/2015 forward)


Earnings History for BlackRock (NYSE:BLK)
Earnings by Quarter for BlackRock (NYSE:BLK)
Earnings History by Quarter for BlackRock (NYSE:BLK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/19/2017Q1 2017$4.94$5.25$2.86 billion$2.82 billionViewN/AView Earnings Details
1/13/2017Q416$5.02$5.14$2.93 billion$2.89 billionViewN/AView Earnings Details
10/18/2016Q316$4.98$5.14$1.01 billion$2.84 billionViewListenView Earnings Details
7/14/2016Q216$4.79$4.78$2.81 billion$2.80 billionViewListenView Earnings Details
4/14/2016Q116$4.29$4.25$2.73 billion$2.62 billionViewListenView Earnings Details
1/15/2016Q415$4.80$4.75$2.84 billion$2.86 billionViewListenView Earnings Details
10/14/2015Q315$4.51$5.00$2.82 billion$2.91 billionViewListenView Earnings Details
7/15/2015Q215$4.80$4.96$2.85 billion$2.91 billionViewListenView Earnings Details
4/16/2015Q115$4.51$4.89$2.81 billion$2.72 billionViewListenView Earnings Details
1/15/2015Q4$4.68$4.82$2.89 billion$2.78 billionViewListenView Earnings Details
10/15/2014Q314$4.67$5.21$2.84 billion$2.85 billionViewListenView Earnings Details
7/16/2014Q214$4.46$4.89$2.71 billion$2.78 billionViewListenView Earnings Details
4/17/2014Q114$4.10$4.43$2.67 billion$2.67 billionViewListenView Earnings Details
1/16/2014Q413$4.34$4.92$2.69 billion$2.78 billionViewListenView Earnings Details
10/16/2013Q313$3.84$3.88$2.47 billion$2.47 billionViewListenView Earnings Details
7/18/2013Q2 2013$3.87$4.15$2.51 billion$2.48 billionViewListenView Earnings Details
4/16/2013Q1 2013$3.50$3.65$2.42 billion$2.45 billionViewListenView Earnings Details
1/17/2013Q4 2012$3.73$3.96$2.48 billion$2.54 billionViewListenView Earnings Details
10/17/2012$3.29$3.47ViewN/AView Earnings Details
7/18/2012$3.03$3.10ViewN/AView Earnings Details
4/18/2012$3.02$3.16ViewN/AView Earnings Details
1/19/2012$3.02$3.06ViewN/AView Earnings Details
10/19/2011$2.70$2.83ViewN/AView Earnings Details
7/20/2011$2.89$3.00ViewN/AView Earnings Details
4/21/2011$2.77$2.96ViewN/AView Earnings Details
1/25/2011$2.91$3.42ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for BlackRock (NYSE:BLK)
2017 EPS Consensus Estimate: $21.36
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$4.93$4.97$4.95
Q2 20173$5.16$5.41$5.30
Q3 20173$5.26$5.61$5.39
Q4 20173$5.50$6.14$5.72
(Data provided by Zacks Investment Research)


Current Dividend Information for BlackRock (NYSE:BLK)
Most Recent Dividend:3/23/2017
Annual Dividend:$9.16
Dividend Yield:2.31%
Dividend Growth:10.90% (3 Year Average)
Payout Ratio:48.11% (Trailing 12 Months of Earnings)
42.31% (Based on This Year's Estimates)
37.71% (Based on Next Year's Estimates)
Track Record:7 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for BlackRock (NYSE:BLK)

Dividend History by Quarter for BlackRock (NYSE:BLK)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for BlackRock (NYSE:BLK)
Insider Ownership Percentage: 2.20%
Institutional Ownership Percentage: 80.82%
Insider Trades by Quarter for BlackRock (NYSE:BLK)
Institutional Ownership by Quarter for BlackRock (NYSE:BLK)
Insider Trades by Quarter for BlackRock (NYSE:BLK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
2/8/2017J. Richard KushelInsiderSell8,573$374.92$3,214,189.16View SEC Filing  
2/3/2017Gary ShedlinCFOSell2,417$375.00$906,375.00View SEC Filing  
2/3/2017Jeff A. SmithInsiderSell5,250$377.00$1,979,250.00View SEC Filing  
2/3/2017Robert L. GoldsteinCOOSell10,374$377.31$3,914,213.94View SEC Filing  
10/27/2016William S DemchakDirectorBuy1,200$341.11$409,332.00View SEC Filing  
10/19/2016Jeff A. SmithInsiderSell125$355.22$44,402.50View SEC Filing  
8/30/2016Mark MccombeDirectorSell1,400$374.92$524,888.00View SEC Filing  
8/29/2016James GrosfeldDirectorSell25,379$374.22$9,497,329.38View SEC Filing  
8/23/2016James GrosfeldDirectorSell25,710$372.97$9,589,058.70View SEC Filing  
8/22/2016James GrosfeldDirectorSell10,911$371.98$4,058,673.78View SEC Filing  
8/3/2016Susan WagnerDirectorSell25,000$368.29$9,207,250.00View SEC Filing  
8/1/2016Ryan StorkInsiderSell1,400$367.24$514,136.00View SEC Filing  
7/29/2016Susan WagnerDirectorSell79,346$366.35$29,068,407.10View SEC Filing  
7/15/2016J. Richard KushelDirectorSell8,000$356.55$2,852,400.00View SEC Filing  
6/1/2016Susan WagnerDirectorSell8,665$365.39$3,166,104.35View SEC Filing  
5/31/2016J. Richard KushelDirectorSell6,039$363.02$2,192,277.78View SEC Filing  
5/9/2016Robert W FairbairnDirectorSell2,000$355.28$710,560.00View SEC Filing  
4/15/2016Jeff A SmithDirectorSell2,650$354.25$938,762.50View SEC Filing  
3/1/2016Laurence FinkCEOSell37,600$321.79$12,099,304.00View SEC Filing  
2/19/2016Robert L. GoldsteinCOOSell10,783$314.85$3,395,027.55View SEC Filing  
2/18/2016Ryan StorkDirectorSell3,000$318.36$955,080.00View SEC Filing  
2/12/2016Robert W. FairbairnDirectorSell5,000$306.21$1,531,050.00View SEC Filing  
11/5/2015Laurence FinkCEOSell42,800$357.56$15,303,568.00View SEC Filing  
10/26/2015Robert KapitoPresidentSell116,069$336.95$39,109,449.55View SEC Filing  
8/31/2015Robert KapitoPresidentSell50,000$303.49$15,174,500.00View SEC Filing  
7/23/2015Laurence FinkCEOSell102,722$350.44$35,997,897.68View SEC Filing  
1/26/2015Jeff A SmithDirectorSell1,000$355.40$355,400.00View SEC Filing  
8/14/2014Mark MccombeDirectorSell3,500$314.00$1,099,000.00View SEC Filing  
4/21/2014Joseph FelicianiInsiderSell1,716$305.67$524,529.72View SEC Filing  
5/30/2013Laurence FinkCEOSell52,616$285.08$14,999,769.28View SEC Filing  
4/18/2013Thomas K MontagDirectorBuy5,000$248.64$1,243,200.00View SEC Filing  
2/4/2013Dennis D DammermanDirectorSell1,794$234.41$420,531.54View SEC Filing  
11/1/2012James GrosfeldDirectorBuy3,600$189.48$682,128.00View SEC Filing  
10/31/2012James GrosfeldDirectorBuy42,400$189.10$8,017,840.00View SEC Filing  
10/25/2012James GrosfeldDirectorBuy41,900$187.18$7,842,842.00View SEC Filing  
10/24/2012James GrosfeldDirectorBuy108,098$189.01$20,431,602.98View SEC Filing  
10/19/2012James GrosfeldDirectorBuy99,998$189.47$18,946,621.06View SEC Filing  
10/18/2012James GrosfeldDirectorBuy200,002$190.66$38,132,381.32View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for BlackRock (NYSE:BLK)
Latest Headlines for BlackRock (NYSE:BLK)
DateHeadline logoWhat ETF Providers May Do About Rising Index Fees - May 24 at 3:52 PM logoBlackRock (BLK) Presents At J.P. Morgan Macro Quantitative & Derivatives Conference - Slideshow - May 24 at 12:42 PM logoBig stock investors establish Greek foothold in patient bet - May 24 at 12:42 PM logoHow the man who manages more money than anyone on Earth stays ahead of the market - May 24 at 11:23 AM
News IconBRIEF-Petrobras says notified by BlackRock that it acquired preferred shares issued by Co - SEC Filing - May 23 at 4:01 PM logoFocus on BlackRock Basic Value Fund Investor C (MCBAX) - May 23 at 11:51 AM logoStrategist Dwyer Sees Low VIX as Buying Opportunity - May 23 at 11:51 AM logoWhy Is BlackRock (BLK) Up 1.8% Since the Last Earnings Report ... - Nasdaq - May 22 at 3:53 PM logoWith an Asset-Backed Debt ETF, the Bet Is If You Can Pay What You Owe - May 22 at 3:53 PM logoSanctions No Downer for BlackRock as Russia Plans Eurobond - May 22 at 11:40 AM logo[$$] BlackRock shareholder challenges pay policy again - May 22 at 11:40 AM logoWhy Is BlackRock (BLK) Up 1.8% Since the Last Earnings Report? - May 22 at 11:40 AM logoShareholders Assess Climate Risks To Oil Majors - May 20 at 9:02 PM logo[$$] BlackRock bets on Aladdin as genie of growth - May 19 at 8:55 PM logoRupert Harrison Says Special Prosecutor Is Good for Trump - May 19 at 9:06 AM logoShihabi Says Saudi Arabia Needs Acknowledgment From Trump - May 19 at 9:06 AM logoHarrison Says Big Tory Win Boosts May’s Hand on Brexit - May 19 at 9:06 AM logoETFs with exposure to BlackRock, Inc. : May 18, 2017 - May 18 at 3:55 PM logoU.S. ETF Industry Grew 32% In The Last Year, But Also Got More Concentrated - May 18 at 3:55 PM logoBuy Stocks After This 'Mini-Correction,' BlackRock's Investment Strategist Says - May 18 at 11:43 AM logoBlackRock's Saunders Says China Housing Numbers Not Bad - May 18 at 11:41 AM logoBisat Says Brazil Crisis Likely to Reverse 'Green Shoots' - May 18 at 11:41 AM logoHagens Berman Notifies BlackRock ETF Investors of Court Ruling Upholding August 24, 2015 ETF Flash Crash Case and Scheduling Hearing - May 17 at 3:58 PM logoThe Three Largest Players Have A 70% Market Share In $4 Trillion Global ETF Industry - May 17 at 3:58 PM logoWorries, Volatility and Activism - May 17 at 11:57 AM logoBlackRock, Inc. :BLK-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017 - May 17 at 11:57 AM logoBlackRock, Inc. (BLK) Stock Rating Reaffirmed by Jefferies Group LLC - May 17 at 11:34 AM logoBlackRock’s Laurence D. Fink to Present at the 2017 Deutsche Bank Global Financial Services Conference on May 30 th - May 16 at 12:35 PM logoBlackRock Parent Rating Gets a Boost - May 16 at 12:35 PM logo[$$] Symphony Raises $63 Million From BNP Paribas, Others - May 16 at 12:35 PM logoBlackRock’s Laurence D. Fink to Present at the 2017 Deutsche Bank Global Financial Services Conference on May 30th - May 16 at 12:35 PM logoRevealed: Snap's Biggest Investors At The End Of Q1 - May 15 at 4:06 PM logoBlackRock's Rieder Says EM Traders Must Watch China - May 15 at 4:06 PM logo[$$] High pay for fund managers undermines influence - May 15 at 4:06 PM logoBlackRock, Inc. (BLK) Receives Average Recommendation of "Hold" from Brokerages - May 15 at 10:54 AM logo[$$] BlackRock investors urged to reject chief's $25m pay - May 14 at 4:04 PM logoSwitching sides, BlackRock helps pass climate resolution at Occidental - Nasdaq - May 12 at 9:33 PM logoSwitching sides, BlackRock helps pass climate resolution at Occidental - Reuters - May 12 at 4:31 PM logoOccidental Holders Override Board in Approving Climate Proposal - May 12 at 4:31 PM logoSwitching sides, BlackRock helps pass climate resolution at Occidental - May 12 at 4:31 PM logoBlackRock, Vanguard See Gradual Fed Balance Sheet Unwind - May 12 at 4:31 PM logoGlass Lewis says BlackRock CEO's pay, performance misaligned - Reuters - May 11 at 4:30 PM logoOutline of BlackRock Short-Term Municipal Fund Institutional Shares (MALMX) - May 11 at 4:30 PM logoUBS Wealth to Use BlackRock's Aladdin - May 11 at 4:30 PM logoApril ETF Sales: BlackRock Bests Vanguard - May 11 at 4:30 PM logoNoteworthy Wednesday Option Activity: BLK, KSS, MYL - May 10 at 9:15 PM logoTrack Records Matter Even For Managers Of BlackRock's Robots - May 10 at 9:14 PM logoGlass Lewis says BlackRock CEO's pay, performance misaligned - May 10 at 8:46 AM logoPimco to BlackRock Pile Into `Fragile Five' Post-Taper Tantrum - May 10 at 8:46 AM logoBlackRock's Rosenberg Says Fed Rates Anchored by ECB, BOJ - May 9 at 9:00 PM



BlackRock (BLK) Chart for Wednesday, May, 24, 2017

This page was last updated on 5/24/2017 by Staff