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

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$416.51 +15.80 (+3.94 %)
(As of 01/16/2019 01:38 PM ET)
Previous Close$400.71
Today's Range$397.70 - $421.54
52-Week Range$360.79 - $594.52
Volume75,461 shs
Average Volume733,145 shs
Market Capitalization$62.52 billion
P/E Ratio18.46
Dividend Yield3.16%
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

Current Ratio3.07
Quick Ratio3.07

Price-To-Earnings

Sales & Book Value

Annual Sales$12.49 billion
Price / Sales5.26
Cash Flow$25.9832 per share
Price / Cash Flow16.03
Book Value$199.25 per share
Price / Book2.09

Profitability

Net Income$4.97 billion
Net Margins39.92%
Return on Assets2.19%

Miscellaneous

Employees13,900
Market Cap$62.52 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 announced a quarterly dividend on Wednesday, January 16th. Shareholders of record on Wednesday, March 6th will be paid a dividend of $3.30 per share on Thursday, March 21st. This represents a $13.20 dividend on an annualized basis and a yield of 3.16%. This is a positive change 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 of Directors has authorized a share buyback plan on Friday, April 7th 2017, which allows the company to buyback 6,000,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's management believes its shares are undervalued.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) posted its quarterly earnings results on Wednesday, January, 16th. The asset manager reported $6.08 earnings per share 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 return on equity of 13.72% and a net margin of 39.92%. The company's revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $6.24 EPS. View BlackRock's Earnings History.

When is BlackRock's next earnings date?

BlackRock is scheduled to release their next quarterly earnings announcement on Wednesday, January 16th 2019. View Earnings Estimates for BlackRock.

What price target have analysts set for BLK?

13 analysts have issued twelve-month target prices for BlackRock's shares. Their predictions range from $405.00 to $595.00. On average, they anticipate BlackRock's share price to reach $501.3077 in the next year. This suggests a possible upside of 19.9% 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?

Media stories about BLK stock have trended positive on Wednesday, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. BlackRock earned a media sentiment score of 2.8 on InfoTrie's scale. They also assigned news headlines about the asset manager a news buzz of 7.0 out of 10, meaning that recent press coverage is likely to have an impact on the stock's share price in the next several days.

Are investors shorting BlackRock?

BlackRock saw a increase in short interest in 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 trading volume, of 876,919 shares, the short-interest ratio is presently 2.1 days. Approximately 1.2% of the company's stock are sold short. 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 variety of of retail and institutional investors. Top institutional shareholders include Windward Capital Management Co. CA (0.03%), Stock Yards Bank & Trust Co. (0.02%), DNB Asset Management AS (0.02%), Gulf International Bank UK Ltd (0.02%), Trust Department MB Financial Bank N A (0.02%) and Dubuque Bank & Trust Co. (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 Gulf International Bank UK Ltd, Steward Partners Investment Advisory LLC, CENTRAL TRUST Co, Louisiana State Employees Retirement System, Chesley Taft & Associates LLC, Blue Fin Capital Inc., Bainco International Investors and State of Alaska Department of Revenue. 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 purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Beech Hill Advisors Inc., Park National Corp OH, Benson Investment Management Company Inc., XR Securities LLC, Rockland Trust Co., Pennsylvania Trust Co and Narwhal Capital Management. 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 $418.09.

How big of a company is BlackRock?

BlackRock has a market capitalization of $62.52 billion and generates $12.49 billion in revenue each year. The asset manager earns $4.97 billion in net income (profit) each year or $22.60 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:  735 (Vote Outperform)
Underperform Votes:  585 (Vote Underperform)
Total Votes:  1,320
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 1/16/2019 by MarketBeat.com Staff

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