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BlackRock (BLK) Stock Price, News & Analysis

$804.93
-0.26 (-0.03%)
(As of 05/21/2024 ET)
Today's Range
$800.23
$806.67
50-Day Range
$747.08
$842.14
52-Week Range
$596.18
$845.00
Volume
461,858 shs
Average Volume
543,429 shs
Market Capitalization
$119.61 billion
P/E Ratio
20.46
Dividend Yield
2.53%
Price Target
$845.42

BlackRock MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
5.0% Upside
$845.42 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.63
Upright™ Environmental Score
News Sentiment
0.40mentions of BlackRock in the last 14 days
Based on 46 Articles This Week
Insider Trading
Selling Shares
$61.74 M Sold Last Quarter
Proj. Earnings Growth
11.98%
From $41.25 to $46.19 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.39 out of 5 stars

Finance Sector

198th out of 850 stocks

Security Brokers & Dealers Industry

9th out of 26 stocks

BLK stock logo

About BlackRock Stock (NYSE:BLK)

BlackRock, Inc. is a leading American multinational investment company headquartered in New York City. Founded in 1988, BlackRock has become the world's largest asset manager, overseeing more than $8 trillion in assets under management. The company operates on a global scale, with a presence in 30 countries and serving clients in 100 countries across the globe.

BlackRock's history dates back to 1988, when it was established as an enterprise risk management and fixed-income institutional asset manager. Over the years, the company steadily expanded its range of services and investment products to meet the evolving needs of its clients. BlackRock's dedication to innovation, data-driven strategies, and commitment to responsible investing contributed to its meteoric rise in the financial industry.

BlackRock offers a comprehensive suite of financial products and services, catering to a diverse clientele, including institutional, intermediary, and individual investors. The company's core functions include investment management, risk management, and advisory services. BlackRock's wide range of investment products encompasses mutual funds, exchange-traded funds (ETFs), and hedge funds designed to suit various risk profiles and investment goals.

BlackRock's target market primarily consists of institutional investors such as pension funds, insurance companies, endowments, and sovereign wealth funds. The company also caters to individual investors seeking professionally managed investment options through mutual funds and ETFs. BlackRock's reputation for expertise, global reach, and innovative solutions has attracted clients from various sectors seeking competent and reliable asset management services.

BlackRock's leadership team consists of accomplished individuals with diverse expertise in the financial sector. Mr. Laurence Douglas Fink, Chairman & Chief Executive Officer and a co-founder of BlackRock, possesses extensive experience in finance and investments, steering the company's strategies and vision since its inception.

BlackRock has displayed impressive financial performance. Despite challenges in the market, the company has maintained robust revenue growth, reflecting its ability to attract and retain clients. Additionally, BlackRock's earnings metrics have remained solid, underlining the effectiveness of its investment strategies and risk management practices. The company's profit margin metrics also highlight its efficiency in managing costs and generating profits. BlackRock's consistent focus on innovation and technological advancements, such as the Aladdin software, has likely contributed to improved profitability and operational effectiveness. 

Aladdin is a comprehensive investment management software platform developed by BlackRock, Inc. Aladdin stands for "Asset, Liability and Debt and Derivative Investment Network." BlackRock was initially created in the late 1980s as an internal risk management tool to help the company manage its investment portfolios. Over the years, Aladdin has evolved into one of the financial industry's most widely used and sophisticated investment management systems.

Furthermore, BlackRock's prudent approach to managing its debt levels ensures a healthy financial position and minimizes financial risks. By maintaining a manageable debt-to-equity ratio, the company exhibits a responsible financial strategy, instilling confidence in investors.

BlackRock's valuation metrics showcase the market's recognition of the company's strong performance and future growth potential. Compared to industry peers, BlackRock's valuation appears favorable, reflecting investor confidence in its ability to deliver sustained returns. The company's solid financial track record, extensive global reach, and diverse product offerings contribute to its attractive valuation.

BlackRock operates in the highly competitive financial services industry, specifically in the asset management and custody banks sector. Several large players characterize the industry, each vying for market share and client assets. BlackRock's competitive advantage lies in its scale, global presence, and reputation for delivering consistent investment performance.

As an industry leader, BlackRock benefits from economies of scale, allowing it to offer cost-effective investment solutions to its clients. The company's focus on ESG principles and risk management aligns with the growing demand for sustainable and responsible investment options, positioning it favorably in the industry.

BlackRock's growth opportunities are abundant, fueled by global economic growth, expanding financial markets, and increased demand for investment products. The company's broad range of mutual funds, ETFs, and other investment vehicles cater to various investor preferences, offering diversified and tailored solutions.

Moreover, the growing interest in ESG investing presents a significant growth avenue for BlackRock. As investors seek socially responsible investment options, the company's expertise in ESG integration can attract a broader client base.

Furthermore, as technology continues to reshape the financial landscape, BlackRock has the opportunity to capitalize on digital innovations. The company's Aladdin platform, a sophisticated investment management system, has driven efficiency and risk management. By leveraging technology and data analytics, BlackRock can enhance its product offerings, expand its client base and deliver personalized investment solutions.

In addition to organic growth, strategic acquisitions can be pivotal in expanding BlackRock's market presence. Selective mergers and partnerships can provide access to new markets, strengthen the company's capabilities and foster innovation. However, successful integration and alignment with the company's long-term vision are critical considerations in pursuing such opportunities.

Despite its strong market position, BlackRock faces various risks and challenges that can impact its performance and direction. Market volatility, asset price fluctuations, and interest rate changes can affect the company's investment returns and lead to potential client redemptions.

Moreover, regulatory changes and compliance requirements pose ongoing challenges for the financial industry. As governments implement new regulations and policies worldwide, BlackRock must adapt to the evolving regulatory landscape to ensure compliance and maintain its reputation as a responsible corporate citizen.

The competitive landscape also presents challenges. As new players enter the market and existing competitors innovate, BlackRock must continuously differentiate itself and demonstrate its value proposition to retain and attract clients.

Furthermore, cybersecurity threats are a growing concern for financial institutions. BlackRock's vast data and information infrastructure make it a potential cyberattack target. The company's proactive approach to cybersecurity and investment in robust risk management practices is crucial to safeguard its assets and protect client data.

BLK Stock Price History

BLK Stock News Headlines

University of California official says system has $32 billion in holdings targeted by protesters
The University of California has $32 billion in assets targeted by students protesting the Israel-Hamas war
Asset Management: Vanguard does the unthinkable
BlackRock (NYSE:BLK) Stock Price Up 0.2%
BlackRock: A Wide Moat Investment Opportunity
See More Headlines
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Company Calendar

Ex-Dividend for 3/22 Dividend
3/06/2024
Dividend Payable
3/22/2024
Last Earnings
4/12/2024
Today
5/22/2024
Ex-Dividend for 6/24 Dividend
6/06/2024
Dividend Payable
6/24/2024
Next Earnings (Estimated)
7/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Security brokers & dealers
Sub-Industry
Asset Management & Custody Banks
CUSIP
09247X10
Employees
19,800
Year Founded
1988

Price Target and Rating

Average Stock Price Target
$845.42
High Stock Price Target
$1,025.00
Low Stock Price Target
$720.00
Potential Upside/Downside
+5.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
10 Analysts

Profitability

Net Income
$5.50 billion
Pretax Margin
40.96%

Debt

Sales & Book Value

Annual Sales
$17.86 billion
Cash Flow
$41.19 per share
Book Value
$268.47 per share

Miscellaneous

Free Float
147,263,000
Market Cap
$119.61 billion
Optionable
Optionable
Beta
1.37

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Key Executives

  • Mr. Laurence Douglas Fink (Age 72)
    Chairman & CEO
    Comp: $10.49M
  • Mr. Robert Steven Kapito (Age 68)
    President & Director
    Comp: $7.35M
  • Mr. Martin S. SmallMr. Martin S. Small
    Senior MD, CFO & Global Head of Corporate Strategy
  • Mr. Robert Lawrence Goldstein (Age 50)
    Senior MD & COO
    Comp: $3.89M
  • Mr. Gary Stephen Shedlin (Age 61)
    Vice Chairman
    Comp: $2.07M
  • Mr. Mark Kenneth Wiedman (Age 53)
    Senior MD & Head of Global Client Business
    Comp: $3.44M
  • Dr. Bennett W. Golub Ph.D. (Age 66)
    Co-Founder
  • Mr. Mark McKenna
    Founder, MD, Global Head of Event Driven Equity Strategies & Portfolio Manager
  • Dr. Jeff Shen Ph.D.
    MD, Co-CIO & Co-Head of Systematic Active Equity (SAE)
  • Mr. Neeraj Seth
    MD, Chief Investment Officer & Head of Asian credit – Singapore

BLK Stock Analysis - Frequently Asked Questions

Should I buy or sell BlackRock stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackRock in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BLK shares.
View BLK analyst ratings
or view top-rated stocks.

What is BlackRock's stock price target for 2024?

10 Wall Street analysts have issued 1-year price objectives for BlackRock's stock. Their BLK share price targets range from $720.00 to $1,025.00. On average, they anticipate the company's share price to reach $845.42 in the next twelve months. This suggests a possible upside of 5.0% from the stock's current price.
View analysts price targets for BLK
or view top-rated stocks among Wall Street analysts.

How have BLK shares performed in 2024?

BlackRock's stock was trading at $811.80 on January 1st, 2024. Since then, BLK shares have decreased by 0.8% and is now trading at $804.93.
View the best growth stocks for 2024 here
.

Are investors shorting BlackRock?

BlackRock saw a drop in short interest in April. As of April 15th, there was short interest totaling 1,690,000 shares, a drop of 7.1% from the March 31st total of 1,820,000 shares. Based on an average daily trading volume, of 628,200 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.2% of the shares of the company are sold short.
View BlackRock's Short Interest
.

When is BlackRock's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, July 12th 2024.
View our BLK earnings forecast
.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) released its quarterly earnings data on Friday, April, 12th. The asset manager reported $9.81 earnings per share for the quarter, beating analysts' consensus estimates of $9.42 by $0.39. The asset manager had revenue of $4.73 billion for the quarter, compared to analysts' expectations of $4.65 billion. BlackRock had a net margin of 32.26% and a trailing twelve-month return on equity of 15.24%. The business's revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $7.93 earnings per share.
Read the conference call transcript
.

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

BlackRock announced a quarterly dividend on Wednesday, May 15th. Shareholders of record on Friday, June 7th will be given a dividend of $5.10 per share on Monday, June 24th. This represents a $20.40 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Thursday, June 6th.
Read our dividend analysis for BLK
.

Is BlackRock a good dividend stock?

BlackRock (NYSE:BLK) pays an annual dividend of $20.40 per share and currently has a dividend yield of 2.53%. The company has been increasing its dividend for 15 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BLK will have a dividend payout ratio of 44.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BLK.

What is Laurence D. Fink's approval rating as BlackRock's CEO?

1,545 employees have rated BlackRock Chief Executive Officer Laurence D. Fink on Glassdoor.com. Laurence D. Fink has an approval rating of 96% among the company's employees. This puts Laurence D. Fink in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of BlackRock own?
Who are BlackRock's major shareholders?

BlackRock's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.85%), Capital Research Global Investors (2.92%), Capital World Investors (2.36%), Capital International Investors (1.48%), Bank of New York Mellon Corp (0.66%) and Fayez Sarofim & Co (0.43%). Insiders that own company stock include Christopher J Meade, J Richard Kushel, Laurence Fink, Manish Mehta, Marc D Comerchero, Mark Mccombe, Mark Wiedman, Martin Small, Rachel Lord, Robert Kapito, Stephen Cohen and William E Ford.
View institutional ownership trends
.

How do I buy shares of BlackRock?

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

Does BlackRock have any subsidiaries?
The following companies are subsidiares of BlackRock: Acero Cooperatief U.A., Acero Holdings I B.V., Amethyst Merger Sub LLC, AnalytX Hosting LLC, AnalytX LLC, AnalytX Software LLC, Aperio, Aperio, Aquila Heywood, Asia-Pacific Private Credit Opportunities Fund I (GenPar) Ltd., BAA Holdings LLC, BFM Holdco LLC, BLK (Gallatin) Holdings LLC, BLK SMI LLC, BR Acquisition Mexico S.A. de C.V., BR Jersey International Holdings L.P., Beijing eFront Software Company Limited, BlackRock (Barbados) Finco 1 SRL, BlackRock (Channel Islands) Limited, BlackRock (Luxembourg) S.A., BlackRock (Netherlands) B.V., BlackRock (Shanghai) Co. Ltd., BlackRock (Singapore) Holdco II Pte. Ltd., BlackRock (Singapore) Holdco Pte. Limited, BlackRock (Singapore) Limited, BlackRock AP Investment Holdco LLC, BlackRock Advisors (UK) Limited, BlackRock Advisors LLC, BlackRock Advisors Singapore Pte. Limited, BlackRock Alternative Advisors GP Holdings LLC, BlackRock Alternatives Management LLC, BlackRock Argentina Asesorias Ltda., BlackRock Asset Management Canada Limited, BlackRock Asset Management Deutschland AG, BlackRock Asset Management International Inc., BlackRock Asset Management Investor Services Limited, BlackRock Asset Management Ireland Limited, BlackRock Asset Management North Asia Limited, BlackRock Asset Management Schweiz AG, BlackRock Asset Management UK Limited, BlackRock Australia Holdco Pty. Ltd., BlackRock Brasil Gestora de Investimentos Ltda., BlackRock Cal 1 Investor LLC, BlackRock Canada Holdings LP, BlackRock Canada Holdings ULC, BlackRock Capital Holdings Inc., BlackRock Capital Investment Advisors LLC, BlackRock Capital Management Inc., BlackRock Cayco Limited, BlackRock Cayman 1 LP, BlackRock Cayman Capital Holdings Limited, BlackRock Cayman Finco 2 Limited, BlackRock Cayman Finco 3 Limited, BlackRock Cayman Finco Limited, BlackRock Cayman West Bay Finco Limited, BlackRock Cayman West Bay IV Limited, BlackRock Cayman Z Limited, BlackRock Channel Islands Holdco Limited, BlackRock Chile Asesorias Limitada, BlackRock Colombia Holdco LLC, BlackRock Colombia Infraestructura S.A.S., BlackRock Colombia SAS, BlackRock Company Secretarial Services (UK) Limited, BlackRock Corporation US Inc., BlackRock Delaware Holdings Inc., BlackRock Enterprise Management Services (Shanghai) Co. Ltd., BlackRock Europe Development Management Limited, BlackRock Execution Services, BlackRock Finance Europe Limited, BlackRock Financial Management Inc., BlackRock Finco LLC, BlackRock Finco UK Ltd., BlackRock First Partner Limited, BlackRock France SAS, BlackRock Fund Advisors, BlackRock Fund Management Company S.A., BlackRock Fund Managers Limited, BlackRock Funding International Ltd., BlackRock Funds Services Group LLC, BlackRock Germany GmBH, BlackRock Group Limited, BlackRock HK Holdco Limited, BlackRock Holdco 2 Inc., BlackRock Holdco 3 LLC, BlackRock Holdco 4 LLC, BlackRock Holdco 5 LLC, BlackRock Holdco 6 LLC, BlackRock Hungary Kft, BlackRock Index Services LLC, BlackRock Infrastructure Management I LLC, BlackRock Institutional Services Inc., BlackRock Institutional Trust Company National Association, BlackRock International Holdings Inc., BlackRock International Limited, BlackRock Investment Management (Australia) Limited, BlackRock Investment Management (Dublin) Limited, BlackRock Investment Management (Korea) Limited, BlackRock Investment Management (Shanghai) Co. Ltd., BlackRock Investment Management (Taiwan) Limited, BlackRock Investment Management (UK) Limited, BlackRock Investment Management Ireland Holdings Limited, BlackRock Investment Management LLC, BlackRock Investments LLC, BlackRock Japan Co. Ltd., BlackRock Japan Holdings GK, BlackRock Jersey Finco 2 Limited, BlackRock Latin America Holdco LLC, BlackRock Latin American Holdings B.V., BlackRock Life Limited, BlackRock Lux Finco S.à r.l., BlackRock Luxembourg Holdco S.à r.l., BlackRock Mexican Holdco B.V., BlackRock Mexico Infraestructura I S. de R.L. de C.V., BlackRock Mexico Infraestructura II S. de R.L. de C.V., BlackRock Mexico Infraestructura III S. de R.L. de C.V., BlackRock Mexico Manager II S. de R.L. de C.V., BlackRock Mexico Manager III S. de R.L. de C.V., BlackRock Mexico Manager S de R.L. de C.V., BlackRock Mexico Operadora S.A. de C.V. Sociedad Operadora de Fondos de Inversion, BlackRock Mortgage Ventures LLC, BlackRock Niagara LLC, BlackRock Operations (Luxembourg) S.à r.l., BlackRock Overseas Investment Fund Management (Shanghai) Co. Ltd., BlackRock PC Holdings LLC, BlackRock Pensions Limited, BlackRock Peru Asesorías S.A., BlackRock Property Consulting (Beijing) Co. Ltd., BlackRock Property France S.a.r.l., BlackRock Property Lux S.à.r.l., BlackRock Property Malaysia Sdn. Bhd., BlackRock Realty Advisors Inc., BlackRock Saudi Arabia, BlackRock Scale Holdings LLC, BlackRock Services India Private Limited, BlackRock Singapore III Pte. Ltd., BlackRock Slovakia s.r.o., BlackRock Strategic Investors GP LLC, BlackRock Strategic Investors LP, BlackRock Trident Holding Company Limited, BlackRock UK (Alpha) Limited, BlackRock UK (Beta) Limited, BlackRock UK (Delta) LP, BlackRock UK (Gamma) Limited, BlackRock UK (Sigma) Limited, BlackRock UK 2 LLP, BlackRock UK 3 LLP, BlackRock UK 4 LLP, BlackRock UK A LLP, BlackRock UK Holdco 2 Limited, BlackRock UK Holdco Limited, Blackhawk Investment Holding LLC, CIE Automotive, Cachematrix Holdings, Cachematrix Holdings LLC, Cachematrix Integrations Private Limited, Cachematrix Software Solutions LLC, Cachematrix UK Limited, FutureAdvisor Inc., Glass Mountain Pipeline, Global Energy & Power Infrastructure Advisors LLC, Global Energy & Power Infrastructure II Advisors LLC, Grosvenor Alternate Partner Limited, Grosvenor Ventures Limited, HLX Financial Holdings LLC, MGPA (Bermuda) Limited, MGPA (Exec) Limited, MGPA Limited, Mercury Carry Company Ltd., Mercury Private Equity MUST 3 (Jersey) Limited, Object Capital Technology Inc., Phoenix Acquisition B.V., Phoenix Acquisitions Holdings LLC, Portfolio Administration & Management Ltd., Prestadora de Servicios Integrales BlackRock Mexico S.A. de C.V., SVOF/MM LLC, St. Albans House Nominees (Jersey) Ltd., State Street Research & Management, Tennenbaum Capital Partners LLC, Tennenbaum Capital Partners LLC, Tlali Acero S.A. de C.V. SOFOM ENR, Trident Merger LLC, eFront, eFront, eFront (Jersey) Limited, eFront DMLT Holdings LLC, eFront DMLT Holdings S.R.L, eFront DR S.R.L, eFront Do Brasil Soluções Informáticas Para Sistemas Financeiros Ltda., eFront FZ-LLC, eFront Financial Solutions Inc., eFront GmbH, eFront Holding II SAS, eFront Holdings SAS, eFront Hong Kong Limited, eFront II SAS, eFront Kabushiki Kaisha, eFront Ltd, eFront SAS, eFront Singapore Pte. Ltd, eFront Software Luxembourg S.à r.l., eFront Solutions Financeières Inc., eFront d.o.o. Beograd, iShares (DE) I Investmentaktiengesellschaft mit Teilgesellschaftsvermogen, and iShares Delaware Trust Sponsor LLC.
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This page (NYSE:BLK) was last updated on 5/22/2024 by MarketBeat.com Staff

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