BlackRock, Inc. (BLK)
| Market Cap | 96.06B |
| Revenue (ttm) | 17.35B |
| Net Income (ttm) | 5.19B |
| Shares Out | 149.30M |
| EPS (ttm) | 34.25 |
| PE Ratio | 18.79 |
| Forward PE | 17.00 |
| Dividend | $20.00 (3.11%) |
| Ex-Dividend Date | Sep 7, 2023 |
| Volume | 548,707 |
| Open | 647.68 |
| Previous Close | 646.72 |
| Day's Range | 640.27 - 650.58 |
| 52-Week Range | 503.12 - 785.65 |
| Beta | 1.30 |
| Analysts | Buy |
| Price Target | 768.15 (+19.39%) |
| Earnings Date | Oct 12, 2023 |
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 2022, BlackRock's revenue was $17.87 billion, a decrease of -7.75% compared to the previous year's $19.37 billion. Earnings were $5.18 billion, a decrease of -12.25%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for BLK stock is "Buy." The 12-month stock price forecast is $768.15, which is an increase of 19.39% from the latest price.
News
BlackRock Study: Global Insurers Adapting to the New Market Regime
LONDON--(BUSINESS WIRE)--Global insurers are adapting to a challenging macro environment in 2023, according to BlackRock's 12th annual Global Insurance Report. To do so, they are adopting a strategic ...
Blackrock Silver Announces Silver Cloud Results; Tonopah West Resource Update Timeline
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2023) - Blackrock Silver Corp. (TSXV: BRC) (the "Company" or "Blackrock") reports assay results for its 100% controlled Silver Cloud projec...
BlackRock® Canada Announces Final September Cash Distributions for the iShares® Premium Money Market ETF
TORONTO, Sept. 25, 2023 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the fin...
BlackRock Expands iShares® iBonds ® ETF Franchise with TIPS ETF Suite
NEW YORK--(BUSINESS WIRE)--Today, BlackRock expanded its iShares iBonds ETF franchise with the industry's first TIPS defined maturity bond ETFs. The TIPS iBonds ETF suite consists of 10 funds that inv...
BlackRock's Rick Rieder eyes potential Fed ‘split' on whether to do more rate hikes in 2023
While the Federal Reserve might like to get another interest rate hike in later this year, BlackRock's Rick Rieder thinks the Fed has done enough.
Participation Notification by Blackrock Inc.
Participation notification by Blackrock Inc. Brussels, 20 September 2023, 08:30 CET - According to Belgian transparency legislation (Law of May 2, 2007), BlackRock Inc. (55 East 52nd Street, New York...
BlackRock® Canada Announces September Cash Distributions for the iShares® ETFs
TORONTO, Sept. 19, 2023 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the Sep...
BlackRock slashes its rating for Chinese stocks with growth faltering and a bazooka stimulus package looking unlikely
BlackRock cut its rating for Chinese stocks from "overweight" to "neutral" on Monday. The asset manager's strategists cited growth, stimulus, and geopolitical concerns.
China's Jump In Car Sales Is Drawing Big Money To These Stocks
By now, it is no secret that Asia's powerhouse is making its way out of contractions and setting those who were - and are - brave enough to invest in it for success.
'FREAKED OUT': Climate protesters take on BlackRock, Citigroup
Author of 'Irrational Fear' on Substack Matthew Wielicki argues the fears of climate protesters stem from world leaders claiming the 'oceans are boiling' on 'The Bottom Line.'
Star Mountain Capital Hires Former BlackRock Managing Director, Amon Johnson
NEW YORK--(BUSINESS WIRE)--Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with approximately $3.5 billion in assets under management (committed capital including debt f...
RBC iShares Expands Thematic ETF Suite to Provide More Precise Exposures
TORONTO, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Today, RBC iShares expands its exchange traded fund (“ETF”) lineup with the launch of five iShares ETFs.
Major shareholder announcement - BlackRock, Inc.
ANNOUNCEMENT NO. 2 4 1 11 September 2023 Major shareholder announcement Major shareholder announcement – BlackRock, Inc. Pursuant to Section 30 of the Capital Markets Act, it is hereby announ...
It's Not Just BlackRock. Exchanges Like Nasdaq Are Pushing into Crypto, Too.
Traditional exchanges have opportunities in crypto beyond listing Bitcoin ETFs, including selling market data and tokenizing other assets.
BlackRock, Temasek back electric-vehicle battery recycling company Ascend Elements
A partnership between BlackRock Inc. BLK and Singapore-based Temasek on Wednesday said they led a $460 million Series D funding round for electric vehicle battery maker Ascend Elements Inc. Decarboniz...
As bonds stumble to start September, BlackRock's fixed-income ETF using options strategy is outperforming this year
The U.S. bond market has kicked September off with broad losses, extending its summer slide as investors hunt for income strategies in a volatile environment for yield.
Bitcoin ETF would be a win for BlackRock — but maybe not for crypto investors
BlackRock's BLK recent venture into the cryptocurrency market was a bold move that captured the attention of investors, regulators, and industry experts alike. With the announcement of a proposed cryp...
Is Bitcoin ETF Launch A Promising Development For Crypto Stocks?
Coinbase Global Inc. NASDAQ: COIN pulled back after rocketing nearly 15% higher on August 29 on news that a potential launch of a long-awaited Bitcoin ETF may be getting closer.
Blackrock Health Announces €25 Million Investment In New Digital Transformation Programme Creating 60 Jobs
CANTON, Mass.--(BUSINESS WIRE)--Blackrock Health Group, which comprises of the Blackrock, Galway, Hermitage and Limerick Clinics, has announced a €25 million investment in a new digital transformation...
BlackRock is shaping next-generation leadership and hunting for deals. Here's the latest news on the largest money manager.
BlackRock is the largest asset management firm, overseeing $9.1 trillion as of March. Founder-led BlackRock is molding the next generation of management and seeking out deals.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 9/1/2023 Ex-Date- 9/14/2023 Record- 9/15/...
BlackRock Multi-Sector Opportunities Trust Announces Distribution
NEW YORK--(BUSINESS WIRE)--The Board of Trustees of BlackRock Multi-Sector Opportunities Trust (the “Trust”) (CUSIP: 09190C104) announced today the Trust's quarterly distribution, payable on September...
Bitcoin ETF is ‘inevitable,' says former SEC Chair Clayton
It's only a matter of time before U.S. regulators approve a spot bitcoin ETF, according to former Securities and Exchange Commission Chairman Jay Clayton.
US Labor Market Is Normalizing, Says BlackRock's Rosenberg
Jeffrey Rosenberg, systematic multi-strategy fund portfolio manager at BlackRock, says, “this is the report the market was looking for,” as he examines the August US jobs report and what it means for ...
Welcome to a new era of stock-picking, BlackRock strategist says
The pandemic has ushered in a new era for investing, according to BlackRock. Traders will focus above all else on beating the market, Helen Jewell told Insider.