BlackRock Company Profile (NYSE:BLK)

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

BlackRock declared a quarterly dividend on Thursday, May 25th. Shareholders of record on Monday, June 5th will be paid a dividend of $2.50 per share on Friday, June 23rd. This represents a $10.00 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, June 1st. View BlackRock's Dividend History.

BlackRock announced that its board has approved 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 purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

BlackRock, Inc. (NYSE:BLK) announced its quarterly earnings data on Wednesday, April, 19th. The company reported $5.25 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $4.94 by $0.31. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.86 billion. BlackRock had a net margin of 28.44% and a return on equity of 11.20%. BlackRock's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.25 EPS. View BlackRock's Earnings History.

BlackRock is scheduled to release their next quarterly earnings announcement on Wednesday, July, 12th 2017. View Earnings Estimates for BlackRock.

11 brokers have issued twelve-month price targets for BlackRock's stock. Their predictions range from $387.00 to $464.00. On average, they expect BlackRock's stock price to reach $414.25 in the next twelve months. View Analyst Ratings for BlackRock.

Here are some recent quotes from research analysts about BlackRock stock:

• 1. According to Zacks Investment Research, "BlackRock’s third-quarter 2016 earnings surpassed the Zacks Consensus Estimate, primarily due to a decline in total expenses. However, lower revenues acted as a headwind. Further, increased dependence on overseas revenue and regulatory restrictions can negatively affect the company’s financials. In addition, increase in regulatory compliance costs, compensation costs as well as higher marketing costs are expected to keep expenses high, going forward. Nonetheless, the company has expanded largely via acquisitions, with most of its AUM growth attributable to the same. Moreover, the company remains well positioned to capitalize on opportunistic acquisitions, driven by its strong liquidity position. Also, its initiatives to gain market share in the ETF business are expected to drive revenue growth, going forward." (10/19/2016)
• 2. Citigroup Inc analysts commented, "technology, globality, scale, and solutions orientation position the firm well ahead of peers in the increasingly elusive search for growth." The analyst views the recent weakness in stock as perfect entry point.BlackRock's management reiterated their 5 percent long-term organic growth. Katz expects growth to be primarily driven by iShares and Global Retail.Related Link: Right After MSCI Snub, A New A-Shares ETF DebutsOne of BlackRock's main focus is technology as it is focused on "increased distribution offerings from new FutureAdvisor acquisition" (6/16/2016)
• 3. Credit Suisse Group AG analysts commented, "Wednesday, June 15. We expect the six hour event to highlight the firm’s deep bench of talented senior executives, and also help us better understand where the firm is investing to prepare for the rapidly changing landscape." (6/10/2016)

Some companies that are related to BlackRock include Bank of New York Mellon Corp (BK), State Street Corp (STT), Franklin Resources (BEN), Blackstone Group LP (BX), Northern Trust (NTRS), Ameriprise Financial (AMP), T. Rowe Price Group (TROW), Invesco (IVZ), Affiliated Managers Group (AMG), KKR & Co. L.P. (KKR), SEI Investments Company (SEIC), Voya Financial (VOYA), Lazard Ltd (LAZ), Eaton Vance Corp (EV), Ares Management LP (ARES), Legg Mason (LM), Oaktree Capital Group LLC (OAK) and Evercore Partners (EVR).

BlackRock's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include PNC Financial Services Group Inc. (21.14%), NORGES BANK (5.01%), NORGES BANK (4.99%), NORGES BANK (4.99%), Vanguard Group Inc. (4.79%) and Wellington Management Group LLP (4.24%). Company insiders that own BlackRock stock include Gary Shedlin, J Richard Kushel, James Grosfeld, Jeff A Smith, Laurence Fink, Mark Mccombe, Robert Kapito, Robert L Goldstein, Robert W Fairbairn, Ryan Stork, Susan Wagner and William S Demchak. View Institutional Ownership Trends for BlackRock.

BlackRock's stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Wellington Management Group LLP, FMR LLC, Alliancebernstein L.P., Alleghany Corp DE, PNC Financial Services Group Inc., RidgeWorth Capital Management LLC and Massachusetts Financial Services Co. MA. Company insiders that have sold BlackRock stock in the last year include Gary Shedlin, J Richard Kushel, James Grosfeld, Jeff A Smith, Mark Mccombe, Robert L Goldstein, Ryan Stork and Susan Wagner. View Insider Buying and Selling for BlackRock.

BlackRock's stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., UBS Group AG, Vanguard Group Inc., Renaissance Technologies LLC, State Street Corp, Pioneer Investment Management Inc., Geode Capital Management LLC and Credit Agricole S A. View Insider Buying and Selling for BlackRock.

Shares of BlackRock can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of BlackRock stock can currently be purchased for approximately $407.02.