BlackRock Company Profile (NYSE:BLK)

About BlackRock (NYSE:BLK)

BlackRock logoBlackRock, 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
Capitalization:
  • Market Cap: $77.02 billion
  • Outstanding Shares: 161,597,000
Average Prices:
  • 50 Day Moving Avg: $445.93
  • 200 Day Moving Avg: $419.02
  • 52 Week Range: $336.84 - $489.79
P/E:
  • Trailing P/E Ratio: 22.33
  • Foreward P/E Ratio: 18.74
  • P/E Growth: 1.42
Sales & Book Value:
  • Annual Revenue: $11.91 billion
  • Price / Sales: 6.47
  • Book Value: $182.21 per share
  • Price / Book: 2.62
Dividend:
  • Annual Dividend: $10.00
  • Dividend Yield: 2.1%
Profitability:
  • EBITDA: $5.25 billion
  • Net Margins: 29.52%
  • Return on Equity: 12.09%
  • Return on Assets: 1.59%
Debt:
  • Debt-to-Equity Ratio: 1.06%
  • Current Ratio: 3.22%
  • Quick Ratio: 3.22%
Misc:
  • 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 paid a dividend of $2.50 per share on Friday, September 22nd. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.10%. 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 has approved a stock buyback program on Friday, April 7th 2017, which authorizes the company to buyback 6,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) announced its quarterly earnings results on Wednesday, October, 11th. The company reported $5.92 earnings per share for the quarter, beating analysts' consensus estimates of $5.49 by $0.43. The firm earned $3.23 billion during the quarter, compared to the consensus estimate of $3.10 billion. BlackRock had a net margin of 29.52% and a return on equity of 12.09%. The business's quarterly 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?

BlackRock is scheduled to release their next quarterly earnings announcement on Thursday, January, 11th 2018. View Earnings Estimates for BlackRock.

Where is BlackRock's stock going? Where will BlackRock's stock price be in 2017?

11 brokerages have issued 12 month target prices for BlackRock's stock. Their forecasts range from $430.00 to $558.00. On average, they expect BlackRock's share price to reach $488.00 in the next year. View Analyst Ratings for BlackRock.

Who are some of BlackRock's key competitors?

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 institutional and retail investors. Top institutional shareholders include APG Asset Management N.V. (0.26%), PGGM Investments (0.07%), Fisher Asset Management LLC (0.07%), Windward Capital Management Co. CA (0.03%), LS Investment Advisors LLC (0.02%) and State Treasurer State of Michigan (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., Rockefeller Financial Services Inc., Fisher Asset Management LLC, LS Investment Advisors LLC, Asset Advisors Corp and Honkamp Krueger Financial Services Inc.. 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?

One share of BlackRock stock can currently be purchased for approximately $476.62.


MarketBeat Community Rating for BlackRock (NYSE BLK)
Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  543 (Vote Outperform)
Underperform Votes:  441 (Vote Underperform)
Total Votes:  984
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.

Analyst Ratings

Consensus Ratings for BlackRock (NYSE:BLK) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Hold Ratings, 8 Buy Ratings
Consensus Rating:Buy (Score: 2.73)
Consensus Price Target: $488.00 (2.39% upside)
Consensus Price Target History for BlackRock (NYSE:BLK)
Price Target History for BlackRock (NYSE:BLK)
Analysts' Ratings History for BlackRock (NYSE:BLK)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/12/2017Wells Fargo & CompanyReiterated RatingMarket Perform$450.00 -> $475.00N/AView Rating Details
10/12/2017J P Morgan Chase & CoBoost Price TargetOverweight$558.00N/AView Rating Details
10/12/2017Credit Suisse GroupReiterated RatingOutperformN/AView Rating Details
10/12/2017Jefferies Group LLCReiterated RatingHold$465.00N/AView Rating Details
10/12/2017Keefe, Bruyette & WoodsReiterated RatingHold$500.00N/AView Rating Details
10/10/2017Barclays PLCBoost Price TargetOverweight$475.00 -> $500.00N/AView Rating Details
10/5/2017Morgan StanleyReiterated RatingOverweight$476.00 -> $501.00N/AView Rating Details
9/28/2017Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$440.00 -> $500.00HighView Rating Details
7/18/2017Deutsche Bank AGReiterated RatingBuy$465.00 -> $455.00LowView Rating Details
6/19/2017Bank of America CorporationReiterated RatingBuy$450.00LowView Rating Details
1/25/2017Citigroup Inc.Boost Price TargetBuy$425.00 -> $430.00N/AView Rating Details
10/21/2016ArgusReiterated RatingBuy$400.00N/AView Rating Details
4/17/2016Royal Bank Of CanadaReiterated RatingBuyN/AView Rating Details
1/21/2016Susquehanna Bancshares IncLower Price TargetNeutral$320.00 -> $304.00N/AView Rating Details
1/7/2016Sanford C. BernsteinLower Price TargetOutperform$430.00 -> $415.00N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for BlackRock (NYSE:BLK)
Earnings by Quarter for BlackRock (NYSE:BLK)
Earnings History by Quarter for BlackRock (NYSE BLK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
1/11/2018$5.94N/AView Earnings Details
10/11/2017Q3 2017$5.49$5.92$3.10 billion$3.23 billionViewN/AView Earnings Details
7/17/2017Q2 2017$5.39$5.24$3.01 billion$2.97 billionViewN/AView Earnings Details
4/19/2017Q1 2017$4.94$5.25$2.86 billion$2.82 billionViewN/AView Earnings Details
1/13/2017Q416$5.02$5.14$2.93 billion$2.89 billionViewN/AView Earnings Details
10/18/2016Q316$4.98$5.14$1.01 billion$2.84 billionViewListenView Earnings Details
7/14/2016Q216$4.79$4.78$2.81 billion$2.80 billionViewListenView Earnings Details
4/14/2016Q116$4.29$4.25$2.73 billion$2.62 billionViewListenView Earnings Details
1/15/2016Q415$4.80$4.75$2.84 billion$2.86 billionViewListenView Earnings Details
10/14/2015Q315$4.51$5.00$2.82 billion$2.91 billionViewListenView Earnings Details
7/15/2015Q215$4.80$4.96$2.85 billion$2.91 billionViewListenView Earnings Details
4/16/2015Q115$4.51$4.89$2.81 billion$2.72 billionViewListenView Earnings Details
1/15/2015Q4$4.68$4.82$2.89 billion$2.78 billionViewListenView Earnings Details
10/15/2014Q314$4.67$5.21$2.84 billion$2.85 billionViewListenView Earnings Details
7/16/2014Q214$4.46$4.89$2.71 billion$2.78 billionViewListenView Earnings Details
4/17/2014Q114$4.10$4.43$2.67 billion$2.67 billionViewListenView Earnings Details
1/16/2014Q413$4.34$4.92$2.69 billion$2.78 billionViewListenView Earnings Details
10/16/2013Q313$3.84$3.88$2.47 billion$2.47 billionViewListenView Earnings Details
7/18/2013Q2 2013$3.87$4.15$2.51 billion$2.48 billionViewListenView Earnings Details
4/16/2013Q1 2013$3.50$3.65$2.42 billion$2.45 billionViewListenView Earnings Details
1/17/2013Q4 2012$3.73$3.96$2.48 billion$2.54 billionViewListenView Earnings Details
10/17/2012$3.29$3.47ViewN/AView Earnings Details
7/18/2012$3.03$3.10ViewN/AView Earnings Details
4/18/2012$3.02$3.16ViewN/AView Earnings Details
1/19/2012$3.02$3.06ViewN/AView Earnings Details
10/19/2011$2.70$2.83ViewN/AView Earnings Details
7/20/2011$2.89$3.00ViewN/AView Earnings Details
4/21/2011$2.77$2.96ViewN/AView Earnings Details
1/25/2011$2.91$3.42ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for BlackRock (NYSE:BLK)
2017 EPS Consensus Estimate: $21.54
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$4.93$4.97$4.95
Q2 20173$5.16$5.45$5.32
Q3 20173$5.30$5.63$5.50
Q4 20173$5.51$6.09$5.78
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for BlackRock (NYSE:BLK)
Most Recent Dividend:9/22/2017
Annual Dividend:$10.00
Dividend Yield:2.10%
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 Payments by Quarter for BlackRock (NYSE:BLK)

Dividend History by Quarter for BlackRock (NYSE BLK)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/20/2017quarterly$2.502.33%8/31/20179/5/20179/22/2017
5/25/2017quarterly$2.502.46%6/1/20176/5/20176/23/2017
1/13/2017quarterly$2.503/2/20173/6/20173/23/2017
11/30/2016quarterly$2.292.43%12/8/201612/12/201612/23/2016
7/20/2016quarterly$2.292.55%8/31/20169/2/20169/23/2016
5/25/2016quarterly$2.292.52%6/2/20166/6/20166/23/2016
1/15/2016$2.293/3/20163/7/20163/26/2016
1/15/2016quarterly$2.292.97%3/3/20163/7/20163/23/2016
11/17/2015quarterly$2.182.42%12/1/201512/3/201512/23/2015
7/30/2015quarterly$2.182.59%8/31/20159/2/20159/22/2015
5/28/2015quarterly$2.182.38%6/5/20156/9/20156/23/2015
1/15/2015quarterly$2.182.51%3/4/20153/6/20153/24/2015
11/19/2014quarterly$1.932.22%12/1/201412/3/201412/23/2014
7/23/2014quarterly$1.932.43%8/28/20149/2/20149/22/2014
5/29/2014quarterly$1.932.52%6/5/20146/9/20146/23/2014
1/16/2014quarterly$1.932.44%3/5/20143/7/20143/24/2014
11/21/2013quarterly$1.682.21%11/29/201312/3/201312/23/2013
7/25/2013quarterly$1.682.35%8/29/20139/2/20139/23/2013
5/30/2013quarterly$1.682.41%6/5/20136/7/20136/24/2013
1/18/2013quarterly$1.682.87%3/5/20133/7/20133/25/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for BlackRock (NYSE:BLK)
Insider Ownership Percentage: 1.86%
Institutional Ownership Percentage: 82.47%
Insider Trades by Quarter for BlackRock (NYSE:BLK)
Institutional Ownership by Quarter for BlackRock (NYSE:BLK)
Insider Trades by Quarter for BlackRock (NYSE:BLK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/12/2017J. Richard KushelDirectorSell100$481.58$48,158.00View SEC Filing  
10/12/2017Mark MccombeInsiderSell1,000$478.99$478,990.00View SEC Filing  
9/5/2017Robert W. FairbairnInsiderSell3,675$415.31$1,526,264.25View SEC Filing  
7/26/2017Jeff A. SmithInsiderSell250$434.87$108,717.50View SEC Filing  
7/18/2017Jeff A. SmithInsiderSell522$421.52$220,033.44View SEC Filing  
6/2/2017Susan WagnerDirectorSell2,500$414.31$1,035,775.00View SEC Filing  
5/26/2017Mark MccombeInsiderSell500$405.98$202,990.00View SEC Filing  
2/8/2017J. Richard KushelInsiderSell8,573$374.92$3,214,189.16View SEC Filing  
2/3/2017Gary ShedlinCFOSell2,417$375.00$906,375.00View SEC Filing  
2/3/2017Jeff A. SmithInsiderSell5,250$377.00$1,979,250.00View SEC Filing  
2/3/2017Robert L. GoldsteinCOOSell10,374$377.31$3,914,213.94View SEC Filing  
10/27/2016William S DemchakDirectorBuy1,200$341.11$409,332.00View SEC Filing  
10/19/2016Jeff A. SmithInsiderSell125$355.22$44,402.50View SEC Filing  
8/30/2016Mark MccombeDirectorSell1,400$374.92$524,888.00View SEC Filing  
8/29/2016James GrosfeldDirectorSell25,379$374.22$9,497,329.38View SEC Filing  
8/23/2016James GrosfeldDirectorSell25,710$372.97$9,589,058.70View SEC Filing  
8/22/2016James GrosfeldDirectorSell10,911$371.98$4,058,673.78View SEC Filing  
8/3/2016Susan WagnerDirectorSell25,000$368.29$9,207,250.00View SEC Filing  
8/1/2016Ryan StorkInsiderSell1,400$367.24$514,136.00View SEC Filing  
7/29/2016Susan WagnerDirectorSell79,346$366.35$29,068,407.10View SEC Filing  
7/15/2016J. Richard KushelDirectorSell8,000$356.55$2,852,400.00View SEC Filing  
6/1/2016Susan WagnerDirectorSell8,665$365.39$3,166,104.35View SEC Filing  
5/31/2016J. Richard KushelDirectorSell6,039$363.02$2,192,277.78View SEC Filing  
5/9/2016Robert W FairbairnDirectorSell2,000$355.28$710,560.00View SEC Filing  
4/15/2016Jeff A SmithDirectorSell2,650$354.25$938,762.50View SEC Filing  
3/1/2016Laurence FinkCEOSell37,600$321.79$12,099,304.00View SEC Filing  
2/19/2016Robert L. GoldsteinCOOSell10,783$314.85$3,395,027.55View SEC Filing  
2/18/2016Ryan StorkDirectorSell3,000$318.36$955,080.00View SEC Filing  
2/12/2016Robert W. FairbairnDirectorSell5,000$306.21$1,531,050.00View SEC Filing  
11/5/2015Laurence FinkCEOSell42,800$357.56$15,303,568.00View SEC Filing  
10/26/2015Robert KapitoPresidentSell116,069$336.95$39,109,449.55View SEC Filing  
8/31/2015Robert KapitoPresidentSell50,000$303.49$15,174,500.00View SEC Filing  
7/23/2015Laurence FinkCEOSell102,722$350.44$35,997,897.68View SEC Filing  
1/26/2015Jeff A SmithDirectorSell1,000$355.40$355,400.00View SEC Filing  
8/14/2014Mark MccombeDirectorSell3,500$314.00$1,099,000.00View SEC Filing  
4/21/2014Joseph FelicianiInsiderSell1,716$305.67$524,529.72View SEC Filing  
5/30/2013Laurence FinkCEOSell52,616$285.08$14,999,769.28View SEC Filing  
4/18/2013Thomas K MontagDirectorBuy5,000$248.64$1,243,200.00View SEC Filing  
2/4/2013Dennis D DammermanDirectorSell1,794$234.41$420,531.54View SEC Filing  
11/1/2012James GrosfeldDirectorBuy3,600$189.48$682,128.00View SEC Filing  
10/31/2012James GrosfeldDirectorBuy42,400$189.10$8,017,840.00View SEC Filing  
10/25/2012James GrosfeldDirectorBuy41,900$187.18$7,842,842.00View SEC Filing  
10/24/2012James GrosfeldDirectorBuy108,098$189.01$20,431,602.98View SEC Filing  
10/19/2012James GrosfeldDirectorBuy99,998$189.47$18,946,621.06View SEC Filing  
10/18/2012James GrosfeldDirectorBuy200,002$190.66$38,132,381.32View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for BlackRock (NYSE:BLK)
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Chart

BlackRock (BLK) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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