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NYSE:BLK

BlackRock Stock Forecast, Price & News

$712.25
+17.75 (+2.56 %)
(As of 03/1/2021 11:32 AM ET)
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Today's Range
$704.50
Now: $712.25
$714.30
50-Day Range
$694.79
MA: $727.45
$779.75
52-Week Range
$323.98
Now: $712.25
$788.00
Volume11,304 shs
Average Volume727,762 shs
Market Capitalization$108.63 billion
P/E Ratio22.33
Dividend Yield2.09%
Beta1.16
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.
BlackRock logo

Industry, Sector and Symbol

Industry Security brokers & dealers
Sub-IndustryAsset Management & Custody Banks
SectorFinance
CUSIP09247X10
Phone212-810-5300
Employees16,200
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$16.21 billion
Cash Flow$34.29 per share
Book Value$217.74 per share

Profitability

Net Income$4.93 billion

Miscellaneous

Market Cap$108.63 billion
Next Earnings Date4/15/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.42 out of 5 stars

Finance Sector

43rd out of 1,944 stocks

Security Brokers & Dealers Industry

2nd out of 48 stocks

Analyst Opinion: 2.5Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
$712.25
+17.75 (+2.56 %)
(As of 03/1/2021 11:32 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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BlackRock (NYSE:BLK) Frequently Asked Questions

Is BlackRock a buy right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BlackRock in the last twelve months. There are currently 1 hold rating and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BlackRock stock.
View analyst ratings for BlackRock
or view top-rated stocks.

What stocks does MarketBeat like better than BlackRock?

Wall Street analysts have given BlackRock a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but BlackRock wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting BlackRock?

BlackRock saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,850,000 shares, an increase of 14.9% from the December 31st total of 1,610,000 shares. Based on an average daily volume of 641,400 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.3% of the company's shares are short sold.
View BlackRock's Short Interest
.

When is BlackRock's next earnings date?

BlackRock is scheduled to release its next quarterly earnings announcement on Thursday, April 15th 2021.
View our earnings forecast for BlackRock
.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) announced its quarterly earnings data on Wednesday, January, 13th. The asset manager reported $10.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.14 by $1.04. The asset manager earned $4.48 billion during the quarter, compared to the consensus estimate of $4.28 billion. BlackRock had a net margin of 30.43% and a trailing twelve-month return on equity of 15.74%. The company's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $8.34 EPS.
View BlackRock's earnings history
.

How has BlackRock's stock price been impacted by Coronavirus?

BlackRock's stock was trading at $430.97 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, BLK stock has increased by 65.0% and is now trading at $711.07.
View which stocks have been most impacted by COVID-19
.

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

BlackRock declared a quarterly dividend on Thursday, January 21st. Investors of record on Friday, March 5th will be paid a dividend of $4.13 per share on Tuesday, March 23rd. This represents a $16.52 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, March 4th. This is a boost from BlackRock's previous quarterly dividend of $3.63.
View BlackRock's dividend history
.

Is BlackRock a good dividend stock?

BlackRock pays an annual dividend of $14.52 per share and currently has a dividend yield of 2.09%. BlackRock does not yet have a strock track record of dividend growth. The dividend payout ratio of BlackRock is 42.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BlackRock will have a dividend payout ratio of 35.09% next year. This indicates that BlackRock will be able to sustain or increase its dividend.
View BlackRock's dividend history.

What price target have analysts set for BLK?

11 equities research analysts have issued twelve-month price targets for BlackRock's stock. Their forecasts range from $487.00 to $890.00. On average, they anticipate BlackRock's share price to reach $706.91 in the next twelve months. This suggests that the stock has a possible downside of 0.6%.
View analysts' price targets for BlackRock
or view top-rated stocks among Wall Street analysts.

Who are BlackRock's key executives?

BlackRock's management team includes the following people:
  • Mr. Laurence Douglas Fink, Chairman & CEO (Age 69, Pay $9.56M)
  • Mr. Robert Steven Kapito, Pres & Director (Age 65, Pay $7.76M)
  • Mr. Gary Stephen Shedlin, Sr. MD & CFO (Age 58, Pay $2.99M)
  • Mr. Robert Lawrence Goldstein, Sr. MD, COO & Global Head of BlackRock Solutions (Age 47, Pay $3.5M)
  • Mr. J. Richard Kushel, Sr. MD & Head of the Portfolio Management Group (Age 54, Pay $3.16M)
  • Ms. Barbara Goldman Novick, Co-founder & Vice Chairman (Age 60)
  • Mr. Mark McKenna, Founder, MD, Global Head of Event Driven Equity Strategies & Portfolio Mang.
  • Ms. Sandra L. Boss, Sr. MD & Global Head of Investment Stewardship (Age 54)
  • Mr. Marc David Comerchero CPA, CPA, MD & Chief Accounting Officer (Age 48)
  • Mr. Derek N. Stein, Sr. MD and Global Head of Technology & Operations (Age 59)

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

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

Who are some of BlackRock's key competitors?

What other stocks do shareholders of BlackRock own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackRock investors own include CA (CA), Endologix (ELGX), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Athabasca Oil Co. (ATH.TO) (ATH), Precision Drilling (PD), Micron Technology (MU), NIC (EGOV) and AutoZone (AZO).

What is BlackRock's stock symbol?

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

Who are BlackRock's major shareholders?

BlackRock's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.36%), FMR LLC (2.50%), Wells Fargo & Company MN (1.57%), Morgan Stanley (1.47%), Northern Trust Corp (1.33%) and Charles Schwab Investment Management Inc. (1.00%). Company insiders that own BlackRock stock include Christopher J Meade, Gary Shedlin, J Richard Kushel, Jeff A Smith, Jerkovic Milan, Laurence Fink, Marc D Comerchero, Mark Mccombe, Mark Wiedman, Rachel Lord, Robert Kapito and Robert L Goldstein.
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 Canada Pension Plan Investment Board, Beutel Goodman & Co Ltd., DNB Asset Management AS, Lord Abbett & CO. LLC, FIL Ltd, Sumitomo Mitsui Trust Holdings Inc., Charles Schwab Investment Management Inc., and Prudential PLC. Company insiders that have sold BlackRock company stock in the last year include Christopher J Meade, Gary Shedlin, J Richard Kushel, Laurence Fink, Mark Mccombe, Mark Wiedman, Rachel Lord, Robert Kapito, and Robert L Goldstein.
View insider buying and selling activity for BlackRock
or view top insider-selling stocks.

Which institutional investors are buying BlackRock stock?

BLK stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Flossbach Von Storch AG, Swedbank, Alliancebernstein L.P., Nuveen Asset Management LLC, Amundi Pioneer Asset Management Inc., Wells Fargo & Company MN, and Eaton Vance Management.
View insider buying and selling activity for BlackRock
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is BlackRock's stock price today?

One share of BLK stock can currently be purchased for approximately $711.07.

How much money does BlackRock make?

BlackRock has a market capitalization of $108.45 billion and generates $16.21 billion in revenue each year. The asset manager earns $4.93 billion in net income (profit) each year or $33.82 on an earnings per share basis.

How many employees does BlackRock have?

BlackRock employs 16,200 workers across the globe.

What is BlackRock's official website?

The official website for BlackRock is www.blackrock.com.

Where are BlackRock's headquarters?

BlackRock is headquartered at 55 EAST 52ND STREET, NEW YORK NY, 10055.

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]


This page was last updated on 3/1/2021 by MarketBeat.com Staff

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