BlackRock Company Profile (NYSE:BLK)

About BlackRock (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
  • Exchange: NYSE
  • Symbol: BLK
  • CUSIP: 09247X10
Key Metrics:
  • Previous Close: $379.46
  • 50 Day Moving Average: $384.81
  • 200 Day Moving Average: $373.31
  • 52-Week Range: $317.60 - $399.46
  • Trailing P/E Ratio: 19.93
  • Foreward P/E Ratio: 15.66
  • P/E Growth: 1.51
  • Market Cap: $61.90B
  • Outstanding Shares: 163,121,000
  • Beta: 1.72
  • 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%

Analyst Ratings

Consensus Ratings for BlackRock (NYSE:BLK) (?)
Ratings Breakdown: 5 Hold Ratings, 7 Buy Ratings
Consensus Rating:Buy (Score: 2.58)
Consensus Price Target: $408.56 (7.68% upside)

Analysts' Ratings History for BlackRock (NYSE:BLK)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
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
1/11/2017Jefferies Group LLCReiterated RatingHold$383.00N/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
10/19/2016Deutsche Bank AGReiterated RatingBuy$415.00 -> $416.00N/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 3/29/2015 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
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$4.82$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$2.86 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$4.70$4.82$2.89 billion$2.78 billionViewListenView Earnings Details
10/15/2014Q314$4.72$5.21$2.84 billion$2.85 billionViewListenView Earnings Details
7/16/2014Q214$4.43$4.89$2.71 billion$2.78 billionViewListenView Earnings Details
4/17/2014Q114$4.15$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)
Current Year EPS Consensus Estimate: $21.39 EPS
Next Year EPS Consensus Estimate: $24.23 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20163$4.23$4.27$4.25
Q2 20163$4.74$4.86$4.78
Q3 20163$5.01$5.10$5.05
Q4 20164$5.03$5.35$5.14
Q1 20172$4.93$5.11$5.02
Q2 20172$5.16$5.47$5.32
Q3 20172$5.30$5.71$5.51
Q4 20172$5.51$6.24$5.88
(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:2.41%
Dividend Growth:10.90% (3 Year Average)
Payout Ratio:48.11% (Trailing 12 Months of Earnings)
42.82% (Based on This Year's Estimates)
37.80% (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 logoOp-Ed: Karma. BlackRock brings Wall Street some automation payback - March 29 at 5:51 PM logoRise Of The Machines: BlackRock Turns To Robots To Pick Stocks - March 29 at 4:16 PM logoBlackRock Replacing Asset Managers with Robots (BLK) - March 29 at 4:16 PM logoBlackRock Replacing Asset Managers with Robots - March 29 at 4:16 PM logoHow BlackRock Became a Mammoth Asset Manager - March 29 at 4:16 PM logoPro: Best performance is when man and machine work togeth... - March 29 at 4:16 PM logoTrader Talk: BlackRock and other asset managers are in a technological arms race - March 29 at 4:16 PM logoThe world's largest fund manager just sent a message to investors everywhere - March 29 at 4:16 PM logoBest investing performance is when man and machine work together, portfolio manager says - March 29 at 4:16 PM logoRobots will be the next big utility, like electricity, expert Martin Ford says - March 29 at 4:16 PM logoBlackRock Cuts Jobs and Lowers Fees at Stock Unit - March 29 at 4:16 PM logoBlackRock's machine strategy is like a self-driving car for stock-pickers - March 29 at 2:54 PM logoBlackRock Layoffs: BlackRock, Inc. (BLK) to Cut 30+ Stock Pickers - March 29 at 12:25 PM logoBlackRock to Cut Jobs, Fees in Active-Equity Shake Up - March 29 at 9:55 AM logoBlackRock says positive on S.Africa bonds despite political noise - March 29 at 9:55 AM logoBlackRock turns to the machines for new stock-picking str... - March 29 at 9:55 AM logoBlackRock to Lean More Heavily on Automated Stock Picking - March 29 at 9:55 AM logoMachines taking over managers at BlackRock - March 29 at 9:55 AM logoBlackRock: Active Reorganization With Robots - March 29 at 9:55 AM logoBlackRock Pumps Up U.S. Stock-Picking Business With Tech Resources - March 29 at 9:55 AM logoBlackRock stockpicking goes high-tech - March 29 at 2:36 AM logoBlackRock Cuts Dozens of Jobs and Fees in Stock-Picking Unit - March 28 at 11:10 PM logoBlackRock cuts fees, jobs; stockpicking goes high-tech - March 28 at 11:10 PM logoBlackRock cuts fees and jobs; stockpicking goes high-tech - March 28 at 9:21 PM logoThe Wall Street Journal: BlackRock bets on robots to improve Its stock picking - March 28 at 6:22 PM logoBlackRock Announces Portfolio Manager Changes to BlackRock Enhanced Capital and Income Fund, Inc. - March 28 at 6:08 PM logoBlackRock bets on robots to improve Its stock picking - March 28 at 6:08 PM logoBlackRock plans major changes to its active stockpicking business - March 28 at 6:08 PM logo[$$] BlackRock Bets on Robots to Improve Its Stock Picking - March 28 at 6:08 PM logo[$$] BlackRock cuts ranks of stockpicking fund managers - March 28 at 6:08 PM logoBlackRock Positions Equity Investment Platform for Future of Active Management - March 28 at 6:08 PM logo5:46 pm BlackRock is positioning equity investment platform; changes will result in approximately $30 million of annualized savings to clients from lower fees - March 28 at 6:08 PM logoBlackRock® Canada Announces Final March Cash Distributions for the iShares® Premium Money Market ETF - March 28 at 1:06 PM logoBLACKROCK INC. Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sh - March 28 at 1:06 PM logoBlackRock Capital's Proxy Revelations - March 27 at 11:11 AM logoBlackRock Strategist Prefers European to U.S. Equities - March 27 at 11:11 AM logo[$$] BlackRock and Vanguard call for delay to fiduciary rule - March 26 at 11:06 AM logoBlackRock and Vanguard call for delay to fiduciary rule - March 26 at 1:10 AM logoA Cheap Way to Developed Markets Exposure (IDEV, BLK) - March 24 at 8:17 PM logo[$$] Portuguese bank bond defies Pimco and BlackRock boycott - March 24 at 3:16 PM logoA Cheap Way to Developed Markets Exposure - March 24 at 3:16 PM logoBlackRock's Bisat Sees EM in Sweet Spot Right Now - March 23 at 4:21 PM logoBlackRock: Time To Buy Nintendo? - March 23 at 4:21 PM logoBlackRock, Inc. (BLK) Given Average Rating of "Buy" by Brokerages - March 23 at 11:28 AM logoBLACKROCK INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exhibits - March 22 at 8:45 PM logoBlackRock Likes Property Even After Yellen Calls Prices 'High' - March 21 at 4:18 PM logoBLACKROCK INC. Files SEC form 8-K, Financial Statements and Exhibits - March 21 at 4:18 PM logoBlackRock, Inc. -- Moody's Rates BlackRock's New Senior Unsecured Notes A1 - March 21 at 4:18 PM logoBlackRock's Belinda Boa Expects Volatility to Pick Up - March 21 at 6:19 AM logoThis is the biggest risk BlackRock sees in the bond market - March 18 at 6:48 PM


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 announced a quarterly dividend on Friday, January 13th. Stockholders of record on Monday, March 6th will be given 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 2.64%. The ex-dividend date of this dividend is Thursday, March 2nd. This is a positive change from BlackRock's previous quarterly dividend of $2.29.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) issued its quarterly earnings results on Friday, January, 13th. The company reported $5.14 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $5.02 by $0.12. The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.93 billion. BlackRock had a return on equity of 11.20% and a net margin of 28.44%. BlackRock's quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the company posted $4.75 EPS.

When will BlackRock make its next earnings announcement?

BlackRock is scheduled to release their next quarterly earnings announcement on Wednesday, April, 12th 2017.

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

12 brokerages have issued twelve-month target prices for BlackRock's stock. Their forecasts range from $383.00 to $464.00. On average, they expect BlackRock's stock price to reach $408.56 in the next year.

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 owns BlackRock stock?

BlackRock's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Norges Bank (5.24%), State Street Corp (3.27%), FMR LLC (2.31%), Franklin Resources Inc. (0.56%), Federated Investors Inc. PA (0.26%) and UBS Asset Management Americas Inc. (0.25%). 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.

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 FMR LLC, Franklin Resources Inc., Silvercrest Asset Management Group LLC, Federated Investors Inc. PA, UBS Asset Management Americas Inc., Prudential PLC, AMF Pensionsforsakring AB and New York State Teachers Retirement System. 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, Robert W Fairbairn, Ryan Stork and Susan Wagner.

Who bought BlackRock stock? Who is buying BlackRock stock?

BlackRock's stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, State Street Corp, Russell Investments Group Ltd., Asset Management One Co. Ltd., RidgeWorth Capital Management LLC, Renaissance Technologies LLC, Empire Life Investments Inc. and Alyeska Investment Group L.P..

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 $379.41.

BlackRock (BLK) Chart for Wednesday, March, 29, 2017

This page was last updated on 3/29/2017 by Staff