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NYSE:BLKBlackRock Stock Price, Forecast & News

$551.77
+7.45 (+1.37 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$548.62
Now: $551.77
$560.56
50-Day Range
$498.20
MA: $535.56
$558.06
52-Week Range
$323.98
Now: $551.77
$576.81
Volume741,945 shs
Average Volume933,429 shs
Market Capitalization$85.12 billion
P/E Ratio20.44
Dividend Yield2.63%
Beta1.27
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: 2.4Community Rank: 3.0Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.24 out of 5 stars


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$14.54 billion
Cash Flow$31.67 per share
Book Value$217.74 per share

Profitability

Net Income$4.48 billion

Miscellaneous

Employees16,200
Market Cap$85.12 billion
Next Earnings Date7/17/2020 (Confirmed)
OptionableOptionable

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BlackRock (NYSE:BLK) Frequently Asked Questions

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

BlackRock's stock was trading at $430.97 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BLK shares have increased by 28.0% and is now trading at $551.77. View which stocks have been most impacted by Coronavirus.

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 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for BlackRock.

When is BlackRock's next earnings date?

BlackRock is scheduled to release its next quarterly earnings announcement on Friday, July 17th 2020. View our earnings forecast for BlackRock.

How can I listen to BlackRock's earnings call?

BlackRock will be holding an earnings conference call on Friday, July 17th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) posted its quarterly earnings data on Thursday, April, 16th. The asset manager reported $6.60 earnings per share for the quarter, beating analysts' consensus estimates of $6.36 by $0.24. The asset manager earned $3.71 billion during the quarter, compared to analyst estimates of $3.68 billion. BlackRock had a net margin of 28.38% and a return on equity of 13.62%. The business's revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm earned $6.61 EPS. View BlackRock's earnings history.

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

BlackRock announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Friday, June 5th will be given a dividend of $3.63 per share on Tuesday, June 23rd. This represents a $14.52 annualized dividend and a yield of 2.63%. The ex-dividend date is Thursday, June 4th. View BlackRock's dividend history.

What price target have analysts set for BLK?

11 brokerages have issued 1-year target prices for BlackRock's shares. Their forecasts range from $383.00 to $630.00. On average, they expect BlackRock's share price to reach $530.00 in the next twelve months. This suggests that the stock has a possible downside of 3.9%. View analysts' price targets for BlackRock.

Has BlackRock been receiving favorable news coverage?

Media headlines about BLK stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. BlackRock earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave news articles about the asset manager a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news about BlackRock.

Are investors shorting BlackRock?

BlackRock saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 2,710,000 shares, an increase of 38.3% from the May 31st total of 1,960,000 shares. Based on an average trading volume of 1,520,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.8% of the company's shares are short sold. View BlackRock's Current Options Chain.

Who are some of BlackRock's key competitors?

What other stocks do shareholders of BlackRock own?

Who are BlackRock's key executives?

BlackRock's management team includes the following 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, Sr. MD, COO & Global Head of BlackRock Solutions (Age 45)
  • Mr. J. Richard Kushel, Sr. MD and Head of Multi-Asset Strategies & Global Fixed Income Groups (Age 52)

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 many different retail and institutional investors. Top institutional investors include Park National Corp OH (0.02%), First Financial Bank Trust Division (0.01%), Gantzert Investment Co. LLC ADV (0.00%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%) and Smithbridge Asset Management Inc. DE (0.00%). 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, Robert L Goldstein 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 Park National Corp OH, Gantzert Investment Co. LLC ADV, and Nelson Van Denburg & Campbell Wealth Management Group LLC. 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 institutional investors are buying BlackRock stock?

BLK stock was purchased by a variety of institutional investors in the last quarter, including First Financial Bank Trust Division, and Smithbridge Asset Management Inc. DE. 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 $551.77.

How big of a company is BlackRock?

BlackRock has a market capitalization of $85.12 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 7/4/2020 by MarketBeat.com Staff

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