BlackRock, Inc. (BLK)
| Market Cap | 111.30B |
| Revenue (ttm) | 17.86B |
| Net Income (ttm) | 5.50B |
| Shares Out | 148.94M |
| EPS (ttm) | 36.51 |
| PE Ratio | 20.47 |
| Forward PE | 18.33 |
| Dividend | $20.40 (2.73%) |
| Ex-Dividend Date | Mar 6, 2024 |
| Volume | 614,338 |
| Open | 754.74 |
| Previous Close | 753.79 |
| Day's Range | 746.78 - 761.58 |
| 52-Week Range | 596.18 - 845.00 |
| Beta | 1.37 |
| Analysts | Buy |
| Price Target | 838.85 (+12.25%) |
| Earnings Date | Apr 12, 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 13 analysts, the average rating for BLK stock is "Buy." The 12-month stock price forecast is $838.85, which is an increase of 12.25% from the latest price.
News
Calamos Investments Taps Veteran BlackRock Distribution Executive to Lead RIA Sales
METRO CHICAGO, Ill. , April 18, 2024 /PRNewswire/ -- Calamos Investments LLC, a global investment manager, today announced the hire of senior and accomplished sales professional Thomas Kiley, III.
BlackRock, Wall Street firms reportedly steered billions to blacklisted Chinese companies
The House Select Committee on the Chinese Communist Party concluded that through investments in index funds, American financial institutions funneled $6.5 billion last year to some 63 Chinese companie...
BlackRock's Larry Fink thinks AI will boost wages — and productivity
Larry Fink, CEO of BlackRock, believes AI will increase productivity and wages. His firm has increased assets while keeping head count the same which Fink credits to AI advances.
BlackRock Sees Equities Moving Higher on Better Earnings
Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, explains why his firm remains overweight on equities.
Buy Metals or Buy Miners? BlackRock's Hambro Weighs In
BlackRock's Evy Hambro discusses the pricing of commodities, whether it's better to invest in metals or miners, and the outlook for gold as an inflation hedge amid increased buying by central banks. H...
BlackRock Says Hard for Fed to Cut Rates Aggressively
BlackRock Vice Chairman Philipp Hildebrand says it's possible the US Federal Reserve will cut interest rates once or twice this year, but service inflation remains high and it will be difficult to rea...
China's Lack of Domestic Demand Poses Challenges: BlackRock Vice Chair
BlackRock Vice Chairman Philipp Hildebrand says growth in China is declining on a structural basis as a "lack of domestic demand" and demographic changes present challenges for policymakers in Beijing...
BlackRock and Jio Team to Offer Wealth Management in India
India's Jio Financial Services has launched a joint venture with BlackRock. The collaboration will establish a wealth management and brokering business in India, and comes less than a year after the t...
Jio Financial, BlackRock form JV for wealth management and broking in India
Jio Financial Services, part of the Indian conglomerate Reliance, is forming a joint venture with U.S. asset manager BlackRock to set up a wealth management and stock broking business in India, the tw...
Jio Financial and Blackrock forms JV to set up wealth management and broking business
India's Jio Financial Services has entered into a joint venture with U.S.-based BlackRock Inc to set up a wealth management and broking business, the companies said on Monday.
BlackRock sees assets under management hit record $10.47T in Q1
BlackRock (BLK) shares are rising after beating first quarter expectations, with adjusted earnings per share at $9.81 against Wall Street estimates of $9.34. The company's assets under management also...
BlackRock CEO Larry Fink: AI can't happen without a huge investment in infrastructure
BlackRock CEO Larry Fink joins CNBC's 'Squawk on the Street' to discuss their latest results as the asset management giant beat earnings expectations, why he believes a massive investment in building ...
BlackRock Assets Hit Record $10.47 Trillion as Stock Rally Fuels Q1 Earnings
BlackRock's (BLK) first-quarter earnings beat analyst expectations, with the stock market rally and investor interest in its new spot bitcoin exchange-traded fund (ETF) helping drive its assets under ...
BlackRock just reported a record $10.5 trillion in assets under management as client cash poured in and markets delivered
BlackRock reported first-quarter earnings on Friday. Assets under management grew by 15% in 12 months to a record $10.5 trillion.
BlackRock earnings: net inflows at $76 billion, AUM hits record high of $10.5 trillion
BlackRock, Inc., the global investment management corporation, announced its financial results for the first quarter of 2024, showcasing robust performance that surpassed analysts' expectations. The c...
BlackRock shares tick higher after strong earning
CNBC's Leslie Picker joins ‘Squawk Box' to report on BlackRock's quarterly earnings results.
BlackRock's first-quarter profit rises on higher fee income
BlackRock posted a rise in first-quarter profit on Friday, as a rebound in global equity markets bolstered the company's investment advisory and administration fees.
BlackRock Reports First Quarter 2024 Earnings
NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) today released its financial results for the first quarter of 2024. The company's earnings release and supplemental materials are available via i...
Rising 24% In The Last Six Months, How Will BlackRock Stock Trend After 2024 Q1 Results?
BlackRock (NYSE: BLK) is scheduled to report its fiscal Q1 2024 results on Friday, April 12, 2024. We expect BlackRock BLK to outperform the consensus estimates for revenues and earnings.
BlackRock and Santander Partner on $600 Million Private Infrastructure Financing
NEW YORK--(BUSINESS WIRE)--BlackRock (NYSE: BLK) and Santander today announced that funds and accounts managed by BlackRock will provide financing on a $600 million diversified portfolio of infrastruc...
BlackRock (BX) stock price analysis and earnings preview
BlackRock (NYSE: BLK) stock price has underperformed the market this year even as American equities have jumped to their record highs. The stock has retreated by 3.47% while the S&P 500 and the Nasdaq...
Calls of the Day: BlackRock, Charles Schwab, Netflix and Transocean
The Investment Committee discusses the latest Calls of the Day.
A Tiny Activist Fund Is Trying to Unseat Larry Fink
The proposal from Bluebell Capital to remove the BlackRock CEO as chairman faces long odds.
BlackRock's Boivin Says Don't Expect Long-Term Rates to Fall
Jean Boivin, head of BlackRock Investment Institute, says, “we can very much see a Fed that starts to cut rates, it's gonna be only a couple anyway, and then at the same time see rates that are stable...
BlackRock Debuts its First Tokenized Fund
BlackRock's tokenized fund has brought in over $240 million since its debut. Carlos Domingo, Securitize Co-Founder & CEO, tells us about his partnership with BlackRock and the significance of the toke...