NYSE:BLK - BlackRock Stock Price, News, & Analysis

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$431.95 +8.57 (+2.02 %)
(As of 02/18/2019 04:00 PM ET)
Previous Close$423.38
Today's Range$425.19 - $432.63
52-Week Range$360.79 - $578.80
Volume600,252 shs
Average Volume709,297 shs
Market Capitalization$68.12 billion
P/E Ratio16.04
Dividend Yield2.96%
Beta1.37
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York City with additional offices in Boston, Massachusetts; London, United Kingdom; Gurgaon, India; Hong Kong; Greenwich, Connecticut; Princeton, New Jersey; Edinburgh, United Kingdom; Sydney, Australia; Taipei, Taiwan; Singapore; Sao Paulo, Brazil; Philadelphia, Pennsylvania; Washington, District of Columbia; Toronto, Canada; Wilmington, Delaware; and San Francisco, California.

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Industry, Sector and Symbol

Industry Security brokers & dealers
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP09247X10
Phone212-810-5300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$14.20 billion
Cash Flow$28.2690 per share
Book Value$199.25 per share

Profitability

Net Income$4.31 billion

Miscellaneous

Employees13,900
Market Cap$68.12 billion
OptionableOptionable

BlackRock (NYSE:BLK) Frequently Asked Questions

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 announced a quarterly dividend on Wednesday, January 16th. Shareholders of record on Wednesday, March 6th will be paid a dividend of $3.30 per share on Thursday, March 21st. This represents a $13.20 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Tuesday, March 5th. This is a positive change from BlackRock's previous quarterly dividend of $3.13. View BlackRock's Dividend History.

How will BlackRock's stock buyback program work?

BlackRock declared that its Board of Directors has approved a share repurchase plan on Friday, April 7th 2017, which authorizes the company to buyback 6,000,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) posted its earnings results on Wednesday, January, 16th. The asset manager reported $6.08 earnings per share for the quarter, missing analysts' consensus estimates of $6.35 by $0.27. The asset manager earned $3.43 billion during the quarter, compared to analysts' expectations of $3.47 billion. BlackRock had a net margin of 30.32% and a return on equity of 13.53%. BlackRock's revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.24 EPS. View BlackRock's Earnings History.

When is BlackRock's next earnings date?

BlackRock is scheduled to release their next quarterly earnings announcement on Thursday, April 11th 2019. View Earnings Estimates for BlackRock.

What price target have analysts set for BLK?

13 brokers have issued 12 month price objectives for BlackRock's stock. Their forecasts range from $405.00 to $595.00. On average, they expect BlackRock's stock price to reach $503.0277 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price. View Analyst Price Targets for BlackRock.

What is the consensus analysts' recommendation for BlackRock?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackRock in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for BlackRock.

Has BlackRock been receiving favorable news coverage?

Media stories about BLK stock have been trending positive recently, InfoTrie reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. BlackRock earned a news sentiment score of 2.3 on InfoTrie's scale. They also gave news stories about the asset manager a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an effect on the stock's share price in the near term.

Are investors shorting BlackRock?

BlackRock saw a decrease in short interest in January. As of January 31st, there was short interest totalling 1,106,623 shares, a decrease of 40.4% from the January 15th total of 1,857,917 shares. Based on an average daily trading volume, of 829,159 shares, the short-interest ratio is presently 1.3 days. Approximately 0.7% of the company's shares are sold short. View BlackRock's Current Options Chain.

Who are some of BlackRock's key competitors?

Who are BlackRock's key executives?

BlackRock's management team includes the folowing people:
  • Mr. Laurence Douglas Fink, Chairman & CEO (Age 66)
  • Mr. Robert Steven Kapito, Pres & Director (Age 63)
  • Mr. Gary Stephen Shedlin, Sr. MD & CFO (Age 56)
  • Mr. Robert Lawrence Goldstein, Chief Operating Officer (Age 45)
  • Mr. Mark Seumas McCombe, Sr. Managing Director (Age 52)

Who are BlackRock's major shareholders?

BlackRock's stock is owned by a number of of institutional and retail investors. Top institutional investors include PNC Financial Services Group Inc. (21.58%), BlackRock Inc. (4.79%), Massachusetts Financial Services Co. MA (1.18%), Northern Trust Corp (1.06%), Geode Capital Management LLC (0.92%) and Bank of New York Mellon Corp (0.70%). Company insiders that own BlackRock stock include Deryck C Maughan, Gary Shedlin, J Richard Kushel, Jeff A Smith, Laurence Fink, Marc D Comerchero, Mark Mccombe, Rachel Lord, Robert L Goldstein, Robert W Fairbairn, Ryan Stork, Susan Wagner and William E Ford. View Institutional Ownership Trends for BlackRock.

Which institutional investors are selling BlackRock stock?

BLK stock was sold by a variety of institutional investors in the last quarter, including PNC Financial Services Group Inc., Manning & Napier Group LLC, Bank of Montreal Can, Canada Pension Plan Investment Board, Voloridge Investment Management LLC, Bessemer Group Inc., Hsbc Holdings PLC and BlackRock Inc.. Company insiders that have sold BlackRock company stock in the last year include Gary Shedlin, J Richard Kushel, Jeff A Smith, Laurence Fink, Marc D Comerchero, Mark Mccombe, Rachel Lord, Robert L Goldstein and Ryan Stork. View Insider Buying and Selling for BlackRock.

Which institutional investors are buying BlackRock stock?

BLK stock was purchased by a variety of institutional investors in the last quarter, including Flossbach Von Storch AG, Beutel Goodman & Co Ltd., Partner Fund Management L.P., Millennium Management LLC, Bahl & Gaynor Inc., Toronto Dominion Bank, CI Investments Inc. and Van ECK Associates Corp. Company insiders that have bought BlackRock stock in the last two years include Deryck C Maughan and William E Ford. View Insider Buying and Selling for BlackRock.

How do I buy shares of BlackRock?

Shares of BLK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is BlackRock's stock price today?

One share of BLK stock can currently be purchased for approximately $431.95.

How big of a company is BlackRock?

BlackRock has a market capitalization of $68.12 billion and generates $14.20 billion in revenue each year. The asset manager earns $4.31 billion in net income (profit) each year or $26.93 on an earnings per share basis. BlackRock employs 13,900 workers across the globe.

What is BlackRock's official website?

The official website for BlackRock is http://www.blackrock.com.

How can I contact BlackRock?

BlackRock's mailing address is 55 EAST 52ND STREET, NEW YORK NY, 10055. The asset manager can be reached via phone at 212-810-5300 or via email at [email protected]


MarketBeat Community Rating for BlackRock (NYSE BLK)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  751 (Vote Outperform)
Underperform Votes:  590 (Vote Underperform)
Total Votes:  1,341
MarketBeat's community ratings are surveys of what our community members think about BlackRock and other stocks. Vote "Outperform" if you believe BLK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BLK will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/18/2019 by MarketBeat.com Staff

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