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

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

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.

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.

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.

BlackRock is scheduled to release their next quarterly earnings announcement on Tuesday, October, 9th 2018. View Earnings Estimates for BlackRock.

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.

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."

Some companies that are related to BlackRock include Morgan Stanley (MS), Goldman Sachs Group (GS), Charles Schwab Co. Common Stock (SCHW), Credit Suisse Group (CS), TD Ameritrade (AMTD), Interactive Brokers Group (IBKR), Nomura (NMR), Raymond James (RJF), SEI Investments (SEIC), MarketAxess (MKTX), Virtu Financial (VIRT), Stifel Financial (SF), Navient (NAVI), Waddell & Reed Financial (WDR) and Wisdom Tree Investments (WETF).

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.

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.

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.

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.

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.

One share of BLK stock can currently be purchased for approximately $502.78.

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.

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]