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NYSE:BLK - BlackRock Stock Price, Forecast & News

$434.34
-17.56 (-3.89 %)
(As of 03/29/2020 02:42 AM ET)
Today's Range
$421.12
Now: $434.34
$449.48
50-Day Range
$327.42
MA: $477.94
$572.48
52-Week Range
$323.98
Now: $434.34
$576.81
Volume1.04 million shs
Average Volume1.53 million shs
Market Capitalization$67.25 billion
P/E Ratio15.26
Dividend Yield3.21%
Beta1.51
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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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$30.44 per share
Book Value$217.74 per share

Profitability

Net Income$4.48 billion

Miscellaneous

Employees16,200
Market Cap$67.25 billion
Next Earnings Date4/21/2020 (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 reached pandemic status according to the World Health Organization. Since then, BLK shares have increased by 0.8% and is now trading at $434.34. View which stocks have been mosted 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 Tuesday, April 21st 2020. View our earnings forecast for BlackRock.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) announced its quarterly earnings data on Wednesday, January, 15th. The asset manager reported $8.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $7.69 by $0.65. The asset manager had revenue of $3.98 billion for the quarter, compared to the consensus estimate of $3.81 billion. BlackRock had a net margin of 30.79% and a return on equity of 13.86%. The company's quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $6.08 EPS. View BlackRock's earnings history.

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

BlackRock declared a quarterly dividend on Wednesday, January 29th. Investors of record on Thursday, March 5th will be paid a dividend of $3.63 per share on Monday, March 23rd. This represents a $14.52 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Wednesday, March 4th. This is an increase from BlackRock's previous quarterly dividend of $3.30. View BlackRock's dividend history.

What price target have analysts set for BLK?

11 equities research analysts have issued twelve-month target prices for BlackRock's shares. Their forecasts range from $383.00 to $582.00. On average, they anticipate BlackRock's stock price to reach $506.36 in the next twelve months. This suggests a possible upside of 16.6% from the stock's current price. View analysts' price targets for BlackRock.

Has BlackRock been receiving favorable news coverage?

News headlines about BLK stock have trended negative on Sunday, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. 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 news impact score of -2.1 on InfoTrie's scale. They also assigned media coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutBlackRock.

Are investors shorting BlackRock?

BlackRock saw a increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,421,400 shares, an increase of 6.9% from the February 27th total of 1,330,000 shares. Based on an average trading volume of 683,200 shares, the days-to-cover ratio is currently 2.1 days. Currently, 1.0% of the shares of the stock 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 institutional and retail investors. Top institutional shareholders include PNC Financial Services Group Inc. (22.04%), Capital World Investors (4.77%), State Street Corp (3.31%), Norges Bank (1.57%), Capital International Investors (1.16%) and Massachusetts Financial Services Co. MA (1.15%). 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 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, Amundi Pioneer Asset Management Inc., Panagora Asset Management Inc., Man Group plc, Janus Henderson Group PLC, Bank of New York Mellon Corp, Schonfeld Strategic Advisors LLC, and Morningstar Investment Services LLC. Company insiders that have sold BlackRock company stock in the last year include Gary Shedlin, J Richard Kushel, Jeff A Smith, Laurence Fink, Marc D Comerchero, Mark Mccombe, Mark Wiedman, 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 Norges Bank, Capital International Investors, Nuveen Asset Management LLC, FMR LLC, Ladenburg Thalmann Financial Services Inc., Madison Asset Management LLC, FIL Ltd, and Geode Capital Management LLC. 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 $434.34.

How big of a company is BlackRock?

BlackRock has a market capitalization of $67.25 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. View additional information about BlackRock.

What is BlackRock's official website?

The official website for BlackRock is http://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]


MarketBeat Community Rating for BlackRock (NYSE BLK)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  988 (Vote Outperform)
Underperform Votes:  679 (Vote Underperform)
Total Votes:  1,667
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 3/29/2020 by MarketBeat.com Staff

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