About BlackRock (NYSE:BLK)
BlackRock, Inc. (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives and money market instruments. Its products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. It offers its Aladdin investment system, as well as risk management, outsourcing, advisory and technology services, to institutional investors and wealth management intermediaries under the BlackRock Solutions name.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Investment Management & Fund Operators
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NYSE:BLK
- CUSIP: 09247X10
- Web: www.blackrock.com
- Market Cap: $76.66 billion
- Outstanding Shares: 161,597,000
- 50 Day Moving Avg: $447.44
- 200 Day Moving Avg: $420.23
- 52 Week Range: $336.84 - $489.79
Sales & Book Value:
- Trailing P/E Ratio: 22.22
- Foreward P/E Ratio: 18.65
- P/E Growth: 1.42
- Annual Revenue: $11.91 billion
- Price / Sales: 6.44
- Book Value: $182.21 per share
- Price / Book: 2.60
- Annual Dividend: $10.00
- Dividend Yield: 2.1%
- EBITDA: $5.25 billion
- Net Margins: 29.52%
- Return on Equity: 12.09%
- Return on Assets: 1.59%
- Debt-to-Equity Ratio: 1.06%
- Current Ratio: 3.22%
- Quick Ratio: 3.22%
- Average Volume: 489,940 shs.
- Beta: 1.72
- Short Ratio: 3.18
Frequently Asked Questions for BlackRock (NYSE:BLK)
What is BlackRock's stock symbol?
BlackRock trades on the New York Stock Exchange (NYSE) under the ticker symbol "BLK."
How often does BlackRock pay dividends? What is the dividend yield for BlackRock?
BlackRock declared a quarterly dividend on Thursday, July 20th. Shareholders of record on Tuesday, September 5th will be given a dividend of $2.50 per share on Friday, September 22nd. This represents a $10.00 annualized dividend and a yield of 2.11%. The ex-dividend date is Thursday, August 31st. View BlackRock's Dividend History.
How will BlackRock's stock buyback program work?
BlackRock declared that its Board of Directors has authorized a share buyback plan on Friday, April 7th 2017, which allows the company to repurchase 6,000,000 shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.
How were BlackRock's earnings last quarter?
BlackRock, Inc. (NYSE:BLK) issued its quarterly earnings results on Wednesday, October, 11th. The company reported $5.92 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $5.49 by $0.43. The company earned $3.23 billion during the quarter, compared to analyst estimates of $3.10 billion. BlackRock had a return on equity of 12.09% and a net margin of 29.52%. BlackRock's revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned $5.14 EPS. View BlackRock's Earnings History.
When will BlackRock make its next earnings announcement?
Where is BlackRock's stock going? Where will BlackRock's stock price be in 2017?
11 brokerages have issued 12-month price objectives for BlackRock's stock. Their predictions range from $430.00 to $558.00. On average, they anticipate BlackRock's stock price to reach $488.00 in the next year. View Analyst Ratings for BlackRock.
Who are some of BlackRock's key competitors?
Some companies that are related to BlackRock include UBS AG (UBS), Bank Of New York Mellon Corporation (The) (BK), Brookfield Asset Management (BAM), State Street Corporation (STT), Franklin Resources (BEN), Ameriprise Financial (AMP), Northern Trust Corporation (NTRS), Affiliated Managers Group (AMG), 3i Group plc (III), Apollo Global Management, LLC (APO), Legg Mason (LM), Oaktree Capital Group, LLC (OAK), Intermediate Capital Group plc (ICP), Noah Holdings (NOAH), Fortress Investment Group LLC (FIG), Waddell & Reed Financial (WDR), Sanne Group PLC (SNN) and IP Group Plc (IPO).
Who are BlackRock's key executives?
BlackRock's management team includes the folowing people:
- Laurence D. Fink, Chairman of the Board, Chief Executive Officer
- Robert S. Kapito, President, Vice Chairman of the Board
- Robert L. Goldstein, Chief Operating Officer, Senior Managing Director
- Christopher J. Meade, General Counsel, Senior Managing Director, Managing Director
- Robert W. Fairbairn, Senior Managing Director
- J. Richard Kushel, Senior Managing Director , Global Head of Multi-Asset Strategies
- Mark Seumas McCombe OBE, Senior Managing Director, Head of the Americas region, and Global Head - Alternative Investors
- Jeffrey A. Smith Ph.D., Senior Managing Director, Head - Global Human Resources
- Ryan D. Stork, Senior Managing Director, Chairman, Asia Pacific
- David J. Blumerw, Senior Managing Director, Head - Europe, Middle East and Africa (“EMEA”) region
Who owns BlackRock stock?
BlackRock's stock is owned by many different of retail and institutional investors. Top institutional shareholders include APG Asset Management N.V. (0.26%), PGGM Investments (0.07%), Fisher Asset Management LLC (0.07%), Bartlett & Co. LLC (0.05%), Windward Capital Management Co. CA (0.03%) and LS Investment Advisors LLC (0.02%). Company insiders that own BlackRock stock include Gary Shedlin, J Richard Kushel, James Grosfeld, Jeff A Smith, Laurence Fink, Mark Mccombe, Robert Kapito, Robert L Goldstein, Robert W Fairbairn, Ryan Stork, Susan Wagner and William S Demchak. View Institutional Ownership Trends for BlackRock.
Who sold BlackRock stock? Who is selling BlackRock stock?
BlackRock's stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Shell Asset Management Co., APG Asset Management N.V., Bridges Investment Counsel Inc., Skylands Capital LLC, Viking Fund Management LLC, State Treasurer State of Michigan and Private Asset Management Inc.. Company insiders that have sold BlackRock stock in the last year include Gary Shedlin, J Richard Kushel, Jeff A Smith, Mark Mccombe, Robert L Goldstein, Robert W Fairbairn and Susan Wagner. View Insider Buying and Selling for BlackRock.
Who bought BlackRock stock? Who is buying BlackRock stock?
BlackRock's stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, Barometer Capital Management Inc., Assenagon Asset Management S.A., Northpointe Capital LLC, Rockefeller Financial Services Inc., Fisher Asset Management LLC, LS Investment Advisors LLC and Asset Advisors Corp. View Insider Buying and Selling for BlackRock.
How do I buy BlackRock stock?
Shares of BlackRock can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is BlackRock's stock price today?
MarketBeat Community Rating for BlackRock (NYSE BLK)MarketBeat's community ratings are surveys of what our community members think about BlackRock and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of BlackRock stock can currently be purchased for approximately $474.39.
Consensus Ratings for BlackRock (NYSE:BLK) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings, 8 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.73)|
|Consensus Price Target: ||$488.00 (2.87% upside)|Consensus Price Target History for BlackRock (NYSE:BLK)
Analysts' Ratings History for BlackRock (NYSE:BLK)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/12/2017||Wells Fargo & Company||Reiterated Rating||Market Perform||$450.00 -> $475.00||N/A|
|10/12/2017||J P Morgan Chase & Co||Boost Price Target||Overweight||$558.00||N/A|
|10/12/2017||Credit Suisse Group||Reiterated Rating||Outperform||N/A|
|10/12/2017||Jefferies Group LLC||Reiterated Rating||Hold||$465.00||N/A|
|10/12/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$500.00||N/A|
|10/10/2017||Barclays PLC||Boost Price Target||Overweight||$475.00 -> $500.00||N/A|
|10/5/2017||Morgan Stanley||Reiterated Rating||Overweight||$476.00 -> $501.00||N/A|
|9/28/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$440.00 -> $500.00||High|
|7/18/2017||Deutsche Bank AG||Reiterated Rating||Buy||$465.00 -> $455.00||Low|
|6/19/2017||Bank of America Corporation||Reiterated Rating||Buy||$450.00||Low|
|1/25/2017||Citigroup Inc.||Boost Price Target||Buy||$425.00 -> $430.00||N/A|
|4/17/2016||Royal Bank Of Canada||Reiterated Rating||Buy||N/A|
|1/21/2016||Susquehanna Bancshares Inc||Lower Price Target||Neutral||$320.00 -> $304.00||N/A|
|1/7/2016||Sanford C. Bernstein||Lower Price Target||Outperform||$430.00 -> $415.00||N/A|
Earnings History for BlackRock (NYSE:BLK)Earnings History by Quarter for BlackRock (NYSE BLK)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/11/2017||Q3 2017||$5.49||$5.92||$3.10 billion||$3.23 billion||View||N/A|
|7/17/2017||Q2 2017||$5.39||$5.24||$3.01 billion||$2.97 billion||View||N/A|
|4/19/2017||Q1 2017||$4.94||$5.25||$2.86 billion||$2.82 billion||View||N/A|
|1/13/2017||Q416||$5.02||$5.14||$2.93 billion||$2.89 billion||View||N/A|
|10/18/2016||Q316||$4.98||$5.14||$1.01 billion||$2.84 billion||View||Listen|
|7/14/2016||Q216||$4.79||$4.78||$2.81 billion||$2.80 billion||View||Listen|
|4/14/2016||Q116||$4.29||$4.25||$2.73 billion||$2.62 billion||View||Listen|
|1/15/2016||Q415||$4.80||$4.75||$2.84 billion||$2.86 billion||View||Listen|
|10/14/2015||Q315||$4.51||$5.00||$2.82 billion||$2.91 billion||View||Listen|
|7/15/2015||Q215||$4.80||$4.96||$2.85 billion||$2.91 billion||View||Listen|
|4/16/2015||Q115||$4.51||$4.89||$2.81 billion||$2.72 billion||View||Listen|
|1/15/2015||Q4||$4.68||$4.82||$2.89 billion||$2.78 billion||View||Listen|
|10/15/2014||Q314||$4.67||$5.21||$2.84 billion||$2.85 billion||View||Listen|
|7/16/2014||Q214||$4.46||$4.89||$2.71 billion||$2.78 billion||View||Listen|
|4/17/2014||Q114||$4.10||$4.43||$2.67 billion||$2.67 billion||View||Listen|
|1/16/2014||Q413||$4.34||$4.92||$2.69 billion||$2.78 billion||View||Listen|
|10/16/2013||Q313||$3.84||$3.88||$2.47 billion||$2.47 billion||View||Listen|
|7/18/2013||Q2 2013||$3.87||$4.15||$2.51 billion||$2.48 billion||View||Listen|
|4/16/2013||Q1 2013||$3.50||$3.65||$2.42 billion||$2.45 billion||View||Listen|
|1/17/2013||Q4 2012||$3.73||$3.96||$2.48 billion||$2.54 billion||View||Listen|
Earnings Estimates for BlackRock (NYSE:BLK)
2017 EPS Consensus Estimate: $21.54
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for BlackRock (NYSE:BLK)
|Most Recent Dividend:||9/22/2017|
|Dividend Growth:||10.90% (3 Year Average)|
|Payout Ratio:||46.82% (Trailing 12 Months of Earnings) |
44.72% (Based on This Year's Estimates)
39.32% (Based on Next Year's Estimates)
|Track Record:||7 Years of Consecutive Dividend Growth|
Dividend History by Quarter for BlackRock (NYSE BLK)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for BlackRock (NYSE:BLK)
Insider Ownership Percentage: 1.86%Insider Trades by Quarter for BlackRock (NYSE:BLK)
Institutional Ownership Percentage: 82.47%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/12/2017||J. Richard Kushel||Director||Sell||100||$481.58||$48,158.00|| |
|10/12/2017||Mark Mccombe||Insider||Sell||1,000||$478.99||$478,990.00|| |
|9/5/2017||Robert W. Fairbairn||Insider||Sell||3,675||$415.31||$1,526,264.25|| |
|7/26/2017||Jeff A. Smith||Insider||Sell||250||$434.87||$108,717.50|| |
|7/18/2017||Jeff A. Smith||Insider||Sell||522||$421.52||$220,033.44|| |
|6/2/2017||Susan Wagner||Director||Sell||2,500||$414.31||$1,035,775.00|| |
|5/26/2017||Mark Mccombe||Insider||Sell||500||$405.98||$202,990.00|| |
|2/8/2017||J. Richard Kushel||Insider||Sell||8,573||$374.92||$3,214,189.16|| |
|2/3/2017||Gary Shedlin||CFO||Sell||2,417||$375.00||$906,375.00|| |
|2/3/2017||Jeff A. Smith||Insider||Sell||5,250||$377.00||$1,979,250.00|| |
|2/3/2017||Robert L. Goldstein||COO||Sell||10,374||$377.31||$3,914,213.94|| |
|10/27/2016||William S Demchak||Director||Buy||1,200||$341.11||$409,332.00|| |
|10/19/2016||Jeff A. Smith||Insider||Sell||125||$355.22||$44,402.50|| |
|8/30/2016||Mark Mccombe||Director||Sell||1,400||$374.92||$524,888.00|| |
|8/29/2016||James Grosfeld||Director||Sell||25,379||$374.22||$9,497,329.38|| |
|8/23/2016||James Grosfeld||Director||Sell||25,710||$372.97||$9,589,058.70|| |
|8/22/2016||James Grosfeld||Director||Sell||10,911||$371.98||$4,058,673.78|| |
|8/3/2016||Susan Wagner||Director||Sell||25,000||$368.29||$9,207,250.00|| |
|8/1/2016||Ryan Stork||Insider||Sell||1,400||$367.24||$514,136.00|| |
|7/29/2016||Susan Wagner||Director||Sell||79,346||$366.35||$29,068,407.10|| |
|7/15/2016||J. Richard Kushel||Director||Sell||8,000||$356.55||$2,852,400.00|| |
|6/1/2016||Susan Wagner||Director||Sell||8,665||$365.39||$3,166,104.35|| |
|5/31/2016||J. Richard Kushel||Director||Sell||6,039||$363.02||$2,192,277.78|| |
|5/9/2016||Robert W Fairbairn||Director||Sell||2,000||$355.28||$710,560.00|| |
|4/15/2016||Jeff A Smith||Director||Sell||2,650||$354.25||$938,762.50|| |
|3/1/2016||Laurence Fink||CEO||Sell||37,600||$321.79||$12,099,304.00|| |
|2/19/2016||Robert L. Goldstein||COO||Sell||10,783||$314.85||$3,395,027.55|| |
|2/18/2016||Ryan Stork||Director||Sell||3,000||$318.36||$955,080.00|| |
|2/12/2016||Robert W. Fairbairn||Director||Sell||5,000||$306.21||$1,531,050.00|| |
|11/5/2015||Laurence Fink||CEO||Sell||42,800||$357.56||$15,303,568.00|| |
|10/26/2015||Robert Kapito||President||Sell||116,069||$336.95||$39,109,449.55|| |
|8/31/2015||Robert Kapito||President||Sell||50,000||$303.49||$15,174,500.00|| |
|7/23/2015||Laurence Fink||CEO||Sell||102,722||$350.44||$35,997,897.68|| |
|1/26/2015||Jeff A Smith||Director||Sell||1,000||$355.40||$355,400.00|| |
|8/14/2014||Mark Mccombe||Director||Sell||3,500||$314.00||$1,099,000.00|| |
|4/21/2014||Joseph Feliciani||Insider||Sell||1,716||$305.67||$524,529.72|| |
|5/30/2013||Laurence Fink||CEO||Sell||52,616||$285.08||$14,999,769.28|| |
|4/18/2013||Thomas K Montag||Director||Buy||5,000||$248.64||$1,243,200.00|| |
|2/4/2013||Dennis D Dammerman||Director||Sell||1,794||$234.41||$420,531.54|| |
|11/1/2012||James Grosfeld||Director||Buy||3,600||$189.48||$682,128.00|| |
|10/31/2012||James Grosfeld||Director||Buy||42,400||$189.10||$8,017,840.00|| |
|10/25/2012||James Grosfeld||Director||Buy||41,900||$187.18||$7,842,842.00|| |
|10/24/2012||James Grosfeld||Director||Buy||108,098||$189.01||$20,431,602.98|| |
|10/19/2012||James Grosfeld||Director||Buy||99,998||$189.47||$18,946,621.06|| |
|10/18/2012||James Grosfeld||Director||Buy||200,002||$190.66||$38,132,381.32|| |
Headline Trends for BlackRock (NYSE:BLK)
Latest Headlines for BlackRock (NYSE:BLK)
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BlackRock (BLK) Chart for Tuesday, October, 24, 2017