NYSE:BLKBlackRock Stock Price, Forecast & News

$528.23

+4.60 (+0.88 %)

(As of 05/27/2020 12:15 PM ET)

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Today's Range

$525.33

Now: $528.23▼

$536.25

50-Day Range

$418.07

MA: $483.86▼

$516.43

52-Week Range

$323.98

Now: $528.23▼

$576.81

Volume386,227 shs

Average Volume2.38 million shs

Market Capitalization$81.48 billion

P/E Ratio19.56

Dividend Yield2.83%

Beta1.28

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.

Beat the Market (BTM) Rank^™

2.4 Analyst's Opinion

Consensus Rating
BlackRock has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $510.91, BlackRock has a potential downside of 3.3% from its current price of $528.08.
Amount of Analyst Coverage
BlackRock has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0 Community Rank

Outperform Votes
BlackRock has received 1,005 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
BlackRock has received 685 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
BlackRock has received 59.47% “outperform” votes from our community.

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.

5.0 Dividend Strength

Dividend Leadership
BlackRock is a leading dividend payer. It pays a dividend yield of 2.83%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
BlackRock has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of BlackRock is 50.98 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, BlackRock will have a dividend payout ratio of 49.73 % next year. This indicates that BlackRock will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BlackRock insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $46,894,663.00 in company stock.
Percentage Held by Insiders
Only 1.42% of the stock of BlackRock is held by insiders.
Percentage Held by Institutions
82.75% of the stock of BlackRock is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for BlackRock are expected to grow by 12.61% in the coming year, from $25.93 to $29.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BlackRock is 19.56, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of BlackRock is 19.56, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.31.
Price to Earnings Growth Ratio
BlackRock has a PEG Ratio of 1.98. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
BlackRock has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.41 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Security brokers & dealers

Sub-IndustryAsset Management & Custody Banks

SectorFinance

Current SymbolNYSE:BLK

Previous Symbol

CUSIP09247X10

CIK1364742

Webwww.blackrock.com

Phone212-810-5300

Debt

Debt-to-Equity Ratio0.63

Current Ratio4.08

Quick Ratio4.08

Price-To-Earnings

Trailing P/E Ratio19.56

Forward P/E Ratio20.37

P/E Growth1.98

Sales & Book Value

Annual Sales$14.54 billion

Price / Sales5.60

Cash Flow$32.59 per share

Price / Cash Flow16.21

Book Value$214.38 per share

Price / Book2.46

Profitability

EPS (Most Recent Fiscal Year)$28.48

Net Income$4.48 billion

Net Margins28.38%

Return on Equity13.62%

Return on Assets2.77%

Miscellaneous

Employees16,200

Outstanding Shares154,260,000

Market Cap$81.48 billion

Next Earnings Date7/17/2020 (Estimated)

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 Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BLK stock has increased by 22.5% and is now trading at $528.08. 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 were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) announced its quarterly earnings results on Thursday, April, 16th. The asset manager reported $6.60 EPS for the quarter, topping 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%. BlackRock's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.61 earnings per share. View BlackRock's earnings history.

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

BlackRock declared 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 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, June 4th. View BlackRock's dividend history.

What price target have analysts set for BLK?

11 brokerages have issued 12-month target prices for BlackRock's shares. Their forecasts range from $383.00 to $570.00. On average, they expect BlackRock's stock price to reach $510.91 in the next year. This suggests that the stock has a possible downside of 3.3%. View analysts' price targets for BlackRock.

Has BlackRock been receiving favorable news coverage?

News articles about BLK stock have trended very negative on Wednesday, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. BlackRock earned a coverage optimism score of -3.1 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutBlackRock.

Are investors shorting BlackRock?

BlackRock saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,800,000 shares, an increase of 24.1% from the April 15th total of 1,450,000 shares. Based on an average daily trading volume, of 990,900 shares, the short-interest ratio is presently 1.8 days. Currently, 1.2% of the shares of the stock are short sold. View BlackRock's Current Options Chain.

Who are some of BlackRock's key competitors?

Some companies that are related to BlackRock include Bank of New York Mellon (BK), T. Rowe Price Group (TROW), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Legg Mason (LM), Eaton Vance (EV), Invesco (IVZ), Cohen & Steers (CNS), Affiliated Managers Group (AMG), Federated Investors (FII) and Main Street Capital (MAIN). View all competitors.

What other stocks do shareholders of BlackRock own?

Based on aggregate information from My MarketBeat watchlists, some companies that other BlackRock investors own include CA (CA), Endologix (ELGX), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Precision Drilling (PD), NIC (EGOV), Och-Ziff Capital Management Group (OZM) and Gran Tierra Energy (GTE).

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 a variety of institutional and retail investors. Top institutional investors include PNC Financial Services Group Inc. (21.96%), BlackRock Inc. (5.33%), Capital World Investors (3.93%), State Street Corp (3.22%), Wellington Management Group LLP (3.06%) and Wells Fargo & Company MN (1.41%). Company insiders that own BlackRock stock include 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 major investors are selling BlackRock stock?

BLK stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Clearbridge Investments LLC, Flossbach Von Storch AG, State Street Corp, Federated Hermes Inc., Manning & Napier Group LLC, London Co. of Virginia, and Prudential PLC. Company insiders that have sold BlackRock company stock in the last year include 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 major investors are buying BlackRock stock?

BLK stock was acquired by a variety of institutional investors in the last quarter, including Girard Partners LTD., Nuveen Asset Management LLC, Capital International Investors, BlackRock Inc., Lord Abbett & CO. LLC, Samlyn Capital LLC, Advisor Group Holdings Inc., and Korea Investment CORP. 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 $528.08.

How big of a company is BlackRock?

BlackRock has a market capitalization of $81.46 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 5/27/2020 by MarketBeat.com Staff