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NYSE:BLK

BlackRock Stock Forecast, Price & News

$703.61
+4.31 (+0.62 %)
(As of 11/25/2020 12:00 AM ET)
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Today's Range
$696.42
Now: $703.61
$704.26
50-Day Range
$592.05
MA: $644.58
$703.61
52-Week Range
$323.98
Now: $703.61
$704.26
Volume401,239 shs
Average Volume591,022 shs
Market Capitalization$107.31 billion
P/E Ratio23.33
Dividend Yield2.08%
Beta1.14
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.17 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$14.54 billion
Cash Flow$31.87 per share
Book Value$222.49 per share

Profitability

Net Income$4.48 billion

Miscellaneous

Market Cap$107.31 billion
Next Earnings Date1/20/2021 (Estimated)
OptionableOptionable
$703.61
+4.31 (+0.62 %)
(As of 11/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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BlackRock (NYSE:BLK) Frequently Asked Questions

How has BlackRock's stock been impacted by COVID-19?

BlackRock's stock was trading at $430.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BLK shares have increased by 63.3% and is now trading at $703.61.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of BlackRock?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackRock in the last year. There are currently 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for BlackRock
.

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 winning trading ideas this year 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.

When is BlackRock's next earnings date?

BlackRock is scheduled to release its next quarterly earnings announcement on Wednesday, January 20th 2021.
View our earnings forecast for BlackRock
.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) posted its earnings results on Sunday, October, 18th. The asset manager reported $9.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $7.45 by $1.77. The asset manager earned $4.37 billion during the quarter, compared to the consensus estimate of $3.89 billion. BlackRock had a return on equity of 14.91% and a net margin of 29.83%. The firm's quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter last year, the business earned $7.15 earnings per share.
View BlackRock's earnings history
.

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

BlackRock declared a quarterly dividend on Thursday, November 19th. Stockholders of record on Friday, December 4th will be given a dividend of $3.63 per share on Monday, December 21st. This represents a $14.52 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, December 3rd.
View BlackRock's dividend history
.

What price target have analysts set for BLK?

11 Wall Street analysts have issued 12 month price objectives for BlackRock's shares. Their forecasts range from $487.00 to $800.00. On average, they anticipate BlackRock's share price to reach $647.82 in the next year. This suggests that the stock has a possible downside of 7.9%.
View analysts' price targets for BlackRock
.

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 Co. (PD.TO) (PD), Micron Technology (MU), NIC (EGOV) and AutoZone (AZO).

Who are BlackRock's key executives?

BlackRock's management team includes the following people:
  • Mr. Laurence Douglas Fink, Chairman & CEO (Age 68, Pay $9.56M)
  • Mr. Robert Steven Kapito, Pres & Director (Age 64, Pay $7.76M)
  • Mr. Gary Stephen Shedlin, Sr. MD & CFO (Age 57, Pay $2.99M)
  • Mr. Robert Lawrence Goldstein, Sr. MD, COO & Global Head of BlackRock Solutions (Age 46, Pay $3.5M)
  • Mr. J. Richard Kushel, Sr. MD & Head of the Portfolio Management Group (Age 53, Pay $3.16M)
  • Ms. Barbara Goldman Novick, Co-founder & Vice Chairman (Age 59)
  • 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 53)
  • Mr. Marc David Comerchero CPA, MD & Chief Accounting Officer (Age 47)
  • Mr. Derek N. Stein, Sr. MD and Global Head of Technology & Operations (Age 58)

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (6.34%), State Street Corp (3.99%), Wells Fargo & Company MN (1.52%), Column Capital Advisors LLC (1.48%), Morgan Stanley (1.48%) and Massachusetts Financial Services Co. MA (1.28%). 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 major investors are selling BlackRock stock?

BLK stock was sold by a variety of institutional investors in the last quarter, including State Street Corp, CIBC Private Wealth Group LLC, BlackRock Inc., Column Capital Advisors LLC, Principal Financial Group Inc., Morgan Stanley, Truist Financial Corp, and Achmea Investment Management B.V.. Company insiders that have sold BlackRock company stock in the last year include Christopher J Meade, Gary Shedlin, J Richard Kushel, Laurence Fink, Marc D Comerchero, Mark Mccombe, Mark Wiedman, Rachel Lord, Robert Kapito, and Robert L Goldstein.
View insider buying and selling activity for BlackRock
.

Which major investors are buying BlackRock stock?

BLK stock was bought by a variety of institutional investors in the last quarter, including Epoch Investment Partners Inc., Nuveen Asset Management LLC, CIBC Private Wealth Group LLC, Lord Abbett & CO. LLC, Rothschild & Co. Asset Management US Inc., Massachusetts Financial Services Co. MA, Allianz Asset Management GmbH, and Jupiter Asset Management Ltd..
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is BlackRock's stock price today?

One share of BLK stock can currently be purchased for approximately $703.61.

How big of a company is BlackRock?

BlackRock has a market capitalization of $107.31 billion and generates $14.54 billion in revenue each year. The asset manager earns $4.48 billion in net income (profit) each year or $28.48 on an earnings per share basis. BlackRock employs 16,200 workers across the globe.

What is BlackRock's official website?

The official website for BlackRock is 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]

This page was last updated on 11/27/2020 by MarketBeat.com Staff

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