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

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$413.60 -5.85 (-1.39 %)
(As of 01/23/2019 09:00 AM ET)
Previous Close$419.45
Today's Range$411.09 - $419.20
52-Week Range$360.79 - $594.52
Volume905,609 shs
Average Volume673,717 shs
Market Capitalization$65.23 billion
P/E Ratio15.36
Dividend Yield2.98%
Beta1.43
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$27.5733 per share
Book Value$199.25 per share

Profitability

Net Income$4.31 billion

Miscellaneous

Employees13,900
Market Cap$65.23 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 declared a quarterly dividend on Wednesday, January 16th. Investors of record on Wednesday, March 6th will be given a dividend of $3.30 per share on Thursday, March 21st. This represents a $13.20 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Tuesday, March 5th. This is a boost 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 has authorized a stock repurchase program on Friday, April 7th 2017, which permits the company to buyback 6,000,000 shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) issued its earnings results on Wednesday, January, 16th. The asset manager reported $6.08 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the company posted $6.24 earnings per share. 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 targets for BlackRock's stock. Their forecasts range from $405.00 to $595.00. On average, they expect BlackRock's stock price to reach $502.6923 in the next year. This suggests a possible upside of 21.5% 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 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for BlackRock.

Has BlackRock been receiving favorable news coverage?

Headlines about BLK stock have trended very positive on Wednesday, according to InfoTrie. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. BlackRock earned a news impact score of 3.7 on InfoTrie's scale. They also gave news headlines about the asset manager a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Are investors shorting BlackRock?

BlackRock saw a increase in short interest during the month of December. As of December 14th, there was short interest totalling 1,816,036 shares, an increase of 45.9% from the November 30th total of 1,244,972 shares. Based on an average daily volume of 876,919 shares, the short-interest ratio is presently 2.1 days. Approximately 1.2% of the shares of the company are short sold. 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. MD & Head of Americas (Age 52)

Who are BlackRock's major shareholders?

BlackRock's stock is owned by a number of of retail and institutional investors. Top institutional investors include Bank of Montreal Can (0.06%), Windward Capital Management Co. CA (0.03%), Nisa Investment Advisors LLC (0.03%), Stock Yards Bank & Trust Co. (0.02%), Eastern Bank (0.02%) and DNB Asset Management AS (0.02%). 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, 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 Bank of Montreal Can, Gradient Investments LLC, Ferguson Wellman Capital Management Inc., Gulf International Bank UK Ltd, Steward Partners Investment Advisory LLC, Oakbrook Investments LLC, Bourgeon Capital Management LLC and CENTRAL TRUST Co. Company insiders that have sold BlackRock company stock in the last year include J Richard Kushel, Jeff A Smith, Laurence Fink, Marc D Comerchero, Mark Mccombe, Robert L Goldstein and Ryan Stork. View Insider Buying and Selling for BlackRock.

Which institutional investors are buying BlackRock stock?

BLK stock was bought by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Capital Investment Advisors LLC, Beech Hill Advisors Inc., Park National Corp OH, Benson Investment Management Company Inc., Lodestar Investment Counsel LLC IL, Hotaling Investment Management LLC and Midas Management 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 $413.60.

How big of a company is BlackRock?

BlackRock has a market capitalization of $65.23 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:  741 (Vote Outperform)
Underperform Votes:  587 (Vote Underperform)
Total Votes:  1,328
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 1/23/2019 by MarketBeat.com Staff

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