BlackRock, Inc. (BLK)
| Market Cap | 117.26B |
| Revenue (ttm) | 18.34B |
| Net Income (ttm) | 5.92B |
| Shares Out | 148.60M |
| EPS (ttm) | 39.35 |
| PE Ratio | 20.05 |
| Forward PE | 18.62 |
| Dividend | $20.40 (2.59%) |
| Ex-Dividend Date | Jun 7, 2024 |
| Volume | 367,298 |
| Open | 782.67 |
| Previous Close | 782.27 |
| Day's Range | 782.67 - 789.66 |
| 52-Week Range | 596.18 - 845.00 |
| Beta | 1.35 |
| Analysts | Buy |
| Price Target | 863.17 (+9.38%) |
| Earnings Date | Jul 15, 2024 |
About BLK
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 port... [Read more]
Financial Performance
In 2023, BlackRock's revenue was $17.86 billion, a decrease of -0.08% compared to the previous year's $17.87 billion. Earnings were $5.50 billion, an increase of 6.26%.
Financial StatementsAnalyst Forecast
According to 12 analysts, the average rating for BLK stock is "Buy." The 12-month stock price forecast is $863.17, which is an increase of 9.38% from the latest price.
News
BlackRock's Preqin Acquisition To Drive Revenue Synergies: Analyst Sees Expansion In Emerging Private Markets
Goldman Sachs analyst Alexander Blostein reiterated a Buy rating on BlackRock, Inc. BLK with a price forecast of $929.
BlackRock to Report Second Quarter 2024 Earnings on July 15th
NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) today announced that it will report second quarter 2024 earnings prior to the opening of the New York Stock Exchange on Monday, July 15, 2024. Ch...
BlackRock Makes a Big Bet on Private Assets With Preqin
BlackRock Inc. has shifted its sights in the past, moving from dominance as an index manager into ETFs, and is now realigning itself again to get into the private-asset business by acquiring data prov...
How good is BlackRock's new 100% downside hedge ETF?
BlackRock, has just launched an ETF that offers 100% downside protection to investors.
What BlackRock's Acquisition of Preqin Means for Investors
The $3.2 billion all-cash deal will expand BlackRock's footprint in the fast-growing private markets data segment. Here's what you need to know.
BlackRock Buys Private Markets Data Firm Preqin
BlackRock (BLK) has agreed to buy private markets data provider Preqin in a £2.55 billion (US$3.2 billion) cash deal, the world's largest asset manager announced Sunday.
BlackRock launches stock ETF with 100% downside hedge
BlackRock has launched a 'buffer' exchange-traded fund that seeks to offer a 100% downside hedge to risk-shy investors looking to tap the equity markets, the world's largest asset manager said on Mond...
BlackRock teases indexes for private markets after Preqin deal
BlackRock could start offering indexes and exchange-traded funds (ETFs) for private markets, the asset manager said on Monday, after it announced a deal to buy data provider Preqin for nearly $3.2 bil...
BlackRock buying Preqin for $3.2 billion as private markets interest surges
A previous version of this article gave an incorrect spelling of Preqin in the headline. The story has been corrected.
BlackRock Buys Data Provider Preqin for $3.2 Billion
BlackRock is buying private capital database provider Preqin for $3.2 billion in cash. Private markets are the fastest growing part of asset management.
BlackRock Adds Max Buffer ETF to Active ETF Platform
NEW YORK--(BUSINESS WIRE)--BlackRock bolstered its active ETF platform with a series of buffer ETFs that aims to provide investors with exposure to equity growth potential while seeking to maximize do...
Saba Capital Corrects BlackRock's Intentionally False and Misleading 2024 Annual Meeting Results
NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”) today issued a statement regarding its campaign to improve the Boards of Trustees of ...
BlackRock Stock Rises. It's Buying Market Data Company Preqin for $3.2 Billion.
The company said late Sunday that it will pay cash for Preqin, a privately held firm that specializes in data about private markets.
BlackRock announces $3.22 billion acquisition of Preqin
CNBC's Leslie Picker joins 'Squawk Box' to report on BlackRock as the New York-based company announced its plan to acquire private capital database provider Preqin for $3.22 billion.
Google invests in BlackRock-backed Taiwanese solar developer to boost energy capacity amid AI boom
Google will partner with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan, the U.S. tech giant announced Monday as it seeks to boost energy capacity and cut carbon emissions ...
Google buys stake in Taiwan solar power firm owned by BlackRock
Google said it has taken a stake in Taiwan's New Green Power and could buy up to 300 megawatts of renewable energy from the BlackRock fund-owned firm to help cut its carbon emissions and those of supp...
BlackRock to Acquire Data Provider Preqin for $3.22 Billion
BlackRock BLK 0.79%increase; green up pointing triangle, the world's largest asset management firm, plans to acquire U.K. data provider Preqin to bolster its data capabilities.
BlackRock agrees to buy UK data group Preqin, FT reports
BlackRock has agreed to buy UK data firm Preqin for 2.55 billion pounds ($3.23 billion) in cash, the Financial Times reported on Sunday, citing people familiar with the matter.
BlackRock to Acquire Preqin, Leading Private Markets Data Solutions Provider
NEW YORK & LONDON--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in ...
Bloomberg Invest: Boaz Weinstein takes on BlackRock
Saba Capital Management founder Boaz Weinstein talks about his proxy battle at one of BlackRock's funds, known as BIGZ. Weinstein says the voting wrapped up this morning and it shows strong support fo...
Shareholders Reject Every One of Saba's Proposals to Terminate BlackRock as Adviser and Support the Board's Nominees in Preliminary Voting Results of 2024 Annual Meetings
NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today that BlackRock will remain in place as investment adviser at five closed-end funds where dissident shareholder, Saba Ca...
BlackRock Teams With GeoWealth to Offer Custom Models Featuring Simplified Access to Private Markets
NEW YORK--(BUSINESS WIRE)--BlackRock (NYSE: BLK) today announced a strategic partnership with financial technology firm GeoWealth expanding BlackRock's capabilities to meet client needs in the $37 tri...
BlackRock Says Tech Stocks Not in 'Bubble Territory,' Earnings Are 'Delivering'
Ursula Marchioni, head of portfolio analysis solutions EMEA at BlackRock, discusses market sentiment toward US technology stocks and inflows into exchange-traded products. She speaks on Bloomberg Tele...
BlackRock directors keep seats at six funds in proxy battle with Saba
BlackRock held onto board seats at six closed end funds last week after investment firm Saba Capital Management did not secure enough votes to replace directors or fire the fund manager, according to ...