BlackRock Company Profile (NYSE:BLK)

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

BlackRock declared a quarterly dividend on Thursday, May 25th. Shareholders of record on Monday, June 5th will be paid a dividend of $2.50 per share on Friday, June 23rd. This represents a $10.00 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Thursday, June 1st. View BlackRock's Dividend History.

BlackRock declared that its Board of Directors has approved a stock repurchase program on Friday, April 7th 2017, which permits the company to repurchase 6,000,000 outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.

BlackRock, Inc. (NYSE:BLK) issued its earnings results on Wednesday, April, 19th. The company reported $5.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.94 by $0.31. The company had revenue of $2.82 billion for the quarter, compared to analysts' expectations of $2.86 billion. BlackRock had a return on equity of 11.20% and a net margin of 28.44%. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $4.25 earnings per share. View BlackRock's Earnings History.

BlackRock is scheduled to release their next quarterly earnings announcement on Wednesday, July, 12th 2017. View Earnings Estimates for BlackRock.

11 equities research analysts have issued 12-month price objectives for BlackRock's shares. Their forecasts range from $387.00 to $464.00. On average, they anticipate BlackRock's share price to reach $414.25 in the next year. View Analyst Ratings for BlackRock.

Here are some recent quotes from research analysts about BlackRock stock:

• 1. According to Zacks Investment Research, "BlackRock’s third-quarter 2016 earnings surpassed the Zacks Consensus Estimate, primarily due to a decline in total expenses. However, lower revenues acted as a headwind. Further, increased dependence on overseas revenue and regulatory restrictions can negatively affect the company’s financials. In addition, increase in regulatory compliance costs, compensation costs as well as higher marketing costs are expected to keep expenses high, going forward. Nonetheless, the company has expanded largely via acquisitions, with most of its AUM growth attributable to the same. Moreover, the company remains well positioned to capitalize on opportunistic acquisitions, driven by its strong liquidity position. Also, its initiatives to gain market share in the ETF business are expected to drive revenue growth, going forward." (10/19/2016)
• 2. Citigroup Inc analysts commented, "technology, globality, scale, and solutions orientation position the firm well ahead of peers in the increasingly elusive search for growth." The analyst views the recent weakness in stock as perfect entry point.BlackRock's management reiterated their 5 percent long-term organic growth. Katz expects growth to be primarily driven by iShares and Global Retail.Related Link: Right After MSCI Snub, A New A-Shares ETF DebutsOne of BlackRock's main focus is technology as it is focused on "increased distribution offerings from new FutureAdvisor acquisition" (6/16/2016)
• 3. Credit Suisse Group AG analysts commented, "Wednesday, June 15. We expect the six hour event to highlight the firm’s deep bench of talented senior executives, and also help us better understand where the firm is investing to prepare for the rapidly changing landscape." (6/10/2016)

Some companies that are related to BlackRock include Bank of New York Mellon Corp (BK), State Street Corp (STT), Franklin Resources (BEN), Blackstone Group LP (BX), Northern Trust (NTRS), Ameriprise Financial (AMP), T. Rowe Price Group (TROW), Invesco (IVZ), Affiliated Managers Group (AMG), KKR & Co. L.P. (KKR), SEI Investments Company (SEIC), Voya Financial (VOYA), Lazard Ltd (LAZ), Eaton Vance Corp (EV), Ares Management LP (ARES), Legg Mason (LM), Oaktree Capital Group LLC (OAK) and Evercore Partners (EVR).

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

BlackRock's stock is owned by many different of retail and institutional investors. Top institutional investors include PNC Financial Services Group Inc. (21.14%), NORGES BANK (5.01%), NORGES BANK (4.99%), NORGES BANK (4.99%), Vanguard Group Inc. (4.79%) and Wellington Management Group LLP (4.24%). 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.

BlackRock's stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Wellington Management Group LLP, FMR LLC, Alliancebernstein L.P., Alleghany Corp DE, PNC Financial Services Group Inc., RidgeWorth Capital Management LLC and Massachusetts Financial Services Co. MA. Company insiders that have sold BlackRock stock in the last year include Gary Shedlin, J Richard Kushel, James Grosfeld, Jeff A Smith, Mark Mccombe, Robert L Goldstein, Ryan Stork and Susan Wagner. View Insider Buying and Selling for BlackRock.

BlackRock's stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., UBS Group AG, Vanguard Group Inc., Renaissance Technologies LLC, State Street Corp, Pioneer Investment Management Inc., Geode Capital Management LLC and Credit Agricole S A. View Insider Buying and Selling for BlackRock.

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.

One share of BlackRock stock can currently be purchased for approximately $407.02.