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NYSE:BLK

BlackRock Stock Forecast, Price & News

$546.68
-5.91 (-1.07 %)
(As of 09/22/2020 01:16 PM ET)
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Compare
Today's Range
$544.35
Now: $546.68
$555.69
50-Day Range
$541.20
MA: $576.70
$608.00
52-Week Range
$323.98
Now: $546.68
$609.69
Volume14,358 shs
Average Volume1.00 million shs
Market Capitalization$83.36 billion
P/E Ratio19.22
Dividend Yield2.61%
Beta1.23
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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BlackRock logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 3.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.91 out of 5 stars


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$31.08 per share
Book Value$217.74 per share

Profitability

Net Income$4.48 billion

Miscellaneous

Employees16,200
Market Cap$83.36 billion
Next Earnings Date10/20/2020 (Estimated)
OptionableOptionable
$546.68
-5.91 (-1.07 %)
(As of 09/22/2020 01:16 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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BlackRock (NYSE:BLK) Frequently Asked Questions

How has BlackRock's stock been impacted by COVID-19?

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 shares have increased by 27.1% and is now trading at $547.79.
View which stocks have been most impacted by COVID-19
.

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, October 20th 2020.
View our earnings forecast for BlackRock
.

How were BlackRock's earnings last quarter?

BlackRock, Inc. (NYSE:BLK) issued its quarterly earnings data on Friday, July, 17th. The asset manager reported $7.85 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $6.90 by $0.95. The asset manager earned $3.60 billion during the quarter, compared to analysts' expectations of $3.55 billion. BlackRock had a net margin of 29.55% and a return on equity of 14.17%. BlackRock's revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the business earned $6.41 EPS.
View BlackRock's earnings history
.

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

BlackRock announced a quarterly dividend on Wednesday, July 15th. Stockholders of record on Friday, September 4th will be given a dividend of $3.63 per share on Tuesday, September 22nd. This represents a $14.52 annualized dividend and a yield of 2.65%. The ex-dividend date is Thursday, September 3rd.
View BlackRock's dividend history
.

What price target have analysts set for BLK?

11 equities research analysts have issued 1 year price objectives for BlackRock's shares. Their forecasts range from $487.00 to $685.00. On average, they anticipate BlackRock's stock price to reach $599.36 in the next year. This suggests a possible upside of 9.4% from the stock's current price.
View analysts' price targets for BlackRock
.

Has BlackRock been receiving favorable news coverage?

News articles about BLK stock have been trending positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. BlackRock earned a news sentiment score of 2.7 on InfoTrie's scale. They also assigned media stories about the asset manager a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the next several days.
View the latest news about BlackRock
.

Are investors shorting BlackRock?

BlackRock saw a decline in short interest in August. As of August 14th, there was short interest totaling 1,370,000 shares, a decline of 22.6% from the July 30th total of 1,770,000 shares. Based on an average trading volume of 710,800 shares, the short-interest ratio is presently 1.9 days. Approximately 1.0% of the shares of the company are short sold.
View BlackRock's Short Interest
.

Who are some of BlackRock's key competitors?

What other stocks do shareholders of BlackRock own?

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), Micron Technology (MU), NIC (EGOV) and Och-Ziff Capital Management Group (OZM).

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 a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.40%), BlackRock Inc. (6.47%), FMR LLC (2.43%), Charles Schwab Investment Management Inc. (1.04%), Bank of New York Mellon Corp (0.75%) and Nuveen Asset Management LLC (0.48%). Company insiders that own BlackRock stock include Christopher J Meade, Gary Shedlin, J Richard Kushel, Jeff A Smith, Jerkovic Milan, Laurence Fink, Marc D Comerchero, Mark Mccombe, Mark Wiedman, Rachel Lord, Robert Kapito, Robert L Goldstein and William E Ford.
View institutional ownership trends for BlackRock
.

Which institutional investors are selling BlackRock stock?

BLK stock was sold by a variety of institutional investors in the last quarter, including PNC Financial Services Group Inc., Nuveen Asset Management LLC, Advisor Group Holdings Inc., Rockefeller Capital Management L.P., Toronto Dominion Bank, DNB Asset Management AS, Balyasny Asset Management LLC, and Country Trust Bank. Company insiders that have sold BlackRock company stock in the last year include Christopher J Meade, Gary Shedlin, J Richard Kushel, Laurence Fink, Marc D Comerchero, Mark Mccombe, Mark Wiedman, Rachel Lord, Robert Kapito, and Robert L Goldstein.
View insider buying and selling activity for BlackRock
.

Which institutional investors are buying BlackRock stock?

BLK stock was acquired by a variety of institutional investors in the last quarter, including Vanguard Group Inc., FMR LLC, BlackRock Inc., Canada Pension Plan Investment Board, Charles Schwab Investment Management Inc., Principal Financial Group Inc., Sumitomo Mitsui Trust Holdings Inc., and Bank of New York Mellon Corp.
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 $547.79.

How big of a company is BlackRock?

BlackRock has a market capitalization of $83.53 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.

What is BlackRock's official website?

The official website for BlackRock is 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]

This page was last updated on 9/22/2020 by MarketBeat.com Staff

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