NYSE:BLK - BlackRock Stock Price, Forecast & News

BlackRock's stock was trading at $430.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BLK stock has decreased by 5.0% and is now trading at $409.54. View which stocks have been mosted impacted by Coronavirus.

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.

BlackRock is scheduled to release its next quarterly earnings announcement on Tuesday, April 21st 2020. View our earnings forecast for BlackRock.

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

BlackRock announced a quarterly dividend on Wednesday, January 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, March 4th. This is a positive change from BlackRock's previous quarterly dividend of $3.30. View BlackRock's dividend history.

11 brokerages have issued 1-year target prices for BlackRock's stock. Their forecasts range from $383.00 to $582.00. On average, they expect BlackRock's stock price to reach $506.27 in the next twelve months. This suggests a possible upside of 23.6% from the stock's current price. View analysts' price targets for BlackRock.

Headlines about BLK stock have been trending very positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media 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 sentiment score of 3.2 on InfoTrie's scale. They also gave media headlines about the asset manager a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutBlackRock.

BlackRock saw a increase in short interest in 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 daily trading volume, of 683,200 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.0% of the shares of the company are sold short. View BlackRock's Current Options Chain.

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

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).

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

BlackRock's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Park National Corp OH (0.02%), First Financial Bank Trust Division (0.01%) and Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%). 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.

BLK stock was bought by a variety of institutional investors in the last quarter, including Park National Corp OH, Nelson Van Denburg & Campbell Wealth Management Group LLC, and First Financial Bank Trust Division. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of BLK stock can currently be purchased for approximately $409.54.

BlackRock has a market capitalization of $63.41 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.

The official website for BlackRock is http://www.blackrock.com/.

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]