NYSE:BLK - BlackRock Stock Price, Price Target & More

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$502.78 -2.11 (-0.42 %)
(As of 07/23/2018 04:09 AM ET)
Previous Close$502.78
Today's Range$501.02 - $504.83
52-Week Range$408.62 - $594.52
Volume812,492 shs
Average Volume598,833 shs
Market Capitalization$80.53 billion
P/E Ratio22.25
Dividend Yield2.29%
Beta1.65
BlackRock logoBlackRock, 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

Stock Exchange NYSE
Industry Security brokers & dealers
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNYSE:BLK
CUSIP09247X10
Phone212-810-5300

Debt

Debt-to-Equity Ratio1.02
Current Ratio3.96
Quick Ratio3.96

Price-To-Earnings

Trailing P/E Ratio22.25
Forward P/E Ratio18.16
P/E Growth1.56

Sales & Book Value

Annual Sales$12.49 billion
Price / Sales6.45
Cash Flow$24.7309 per share
Price / Cash20.33
Book Value$199.25 per share
Price / Book2.52

Profitability

EPS (Most Recent Fiscal Year)$22.60
Net Income$4.97 billion
Net Margins38.97%
Return on Equity13.29%
Return on Assets1.90%

Miscellaneous

Employees13,900
Outstanding Shares160,170,000
Market Cap$80,529.77

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 Tuesday, July 17th. Shareholders of record on Friday, September 7th will be given a dividend of $3.13 per share on Monday, September 24th. This represents a $12.52 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, September 6th. This is a boost from BlackRock's previous quarterly dividend of $2.88. View BlackRock's Dividend History.

How will BlackRock's stock buyback program work?

BlackRock announced that its Board of Directors has initiated a stock buyback program on Friday, April 7th 2017, which authorizes the company to buyback 6,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) issued its quarterly earnings data on Monday, July, 16th. The asset manager reported $6.66 earnings per share for the quarter, beating analysts' consensus estimates of $6.55 by $0.11. The asset manager had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.58 billion. BlackRock had a return on equity of 13.29% and a net margin of 38.97%. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.24 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 Tuesday, October, 9th 2018. View Earnings Estimates for BlackRock.

What price target have analysts set for BLK?

11 Wall Street analysts have issued 12-month price objectives for BlackRock's stock. Their forecasts range from $547.00 to $682.00. On average, they anticipate BlackRock's share price to reach $597.2727 in the next year. This suggests a possible upside of 18.8% from the stock's current price. View Analyst Ratings for BlackRock.

What is the consensus analysts' recommendation for BlackRock?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BlackRock in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

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 65)
  • Mr. Robert Steven Kapito, Pres & Director (Age 62)
  • Mr. Gary Stephen Shedlin, Sr. MD & CFO (Age 55)
  • Mr. Robert Lawrence Goldstein, Chief Operating Officer (Age 44)
  • Mr. Mark Seumas McCombe OBE, Sr. MD & Head of Americas (Age 51)

Has BlackRock been receiving favorable news coverage?

News headlines about BLK stock have trended somewhat positive on Monday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. BlackRock earned a news sentiment score of 0.12 on Accern's scale. They also gave news stories about the asset manager an impact score of 46.30 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Who are BlackRock's major shareholders?

BlackRock's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Manning & Napier Group LLC (0.20%), Bank of Montreal Can (0.13%), Cornerstone Wealth Management LLC (0.12%), Fisher Asset Management LLC (0.08%), Huntington National Bank (0.07%) and Retirement Systems of Alabama (0.04%). Company insiders that own BlackRock stock include Deryck C Maughan, Gary Shedlin, J Richard Kushel, James Grosfeld, Jeff A Smith, Laurence Fink, Marc D Comerchero, Mark Mccombe, Robert L Goldstein, Robert W Fairbairn, Ryan Stork, Susan Wagner, William E Ford and William S Demchak. 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 Fred Alger Management Inc., Hartford Investment Management Co., LS Investment Advisors LLC, Whittier Trust Co. of Nevada Inc., RNC Capital Management LLC, Whittier Trust Co., Knowledge Leaders Capital LLC and Bremer Trust National Association. 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, Robert W Fairbairn, Ryan Stork and Susan Wagner. 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 Cornerstone Wealth Management LLC, Bank of Montreal Can, Manning & Napier Group LLC, Assenagon Asset Management S.A., GWM Advisors LLC, Highland Capital Management LLC, Segment Wealth Management LLC and Eagle Capital Management LLC. Company insiders that have bought BlackRock stock in the last two years include Deryck C Maughan, William E Ford and William S Demchak. 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 $502.78.

How big of a company is BlackRock?

BlackRock has a market capitalization of $80.53 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.

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:  646 (Vote Outperform)
Underperform Votes:  525 (Vote Underperform)
Total Votes:  1,171
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 7/23/2018 by MarketBeat.com Staff

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