BlackRock, Inc. (BLK)

NYSE: BLK · IEX Real-Time Price · USD
807.71
-7.99 (-0.98%)
May 16, 2024, 4:00 PM EDT - Market closed
-0.98%
Market Cap 120.42B
Revenue (ttm) 18.34B
Net Income (ttm) 5.92B
Shares Out 148.60M
EPS (ttm) 39.35
PE Ratio 20.53
Forward PE 19.38
Dividend $20.40 (2.53%)
Ex-Dividend Date Mar 6, 2024
Volume 297,367
Open 811.39
Previous Close 815.70
Day's Range 807.66 - 815.16
52-Week Range 596.18 - 845.00
Beta 1.38
Analysts Buy
Price Target 858.45 (+6.28%)
Earnings Date Jul 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]

Sector Financials
IPO Date Oct 1, 1999
Employees 19,800
Stock Exchange NYSE
Ticker Symbol BLK
Full Company Profile

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 Statements

Analyst Forecast

According to 11 analysts, the average rating for BLK stock is "Buy." The 12-month stock price forecast is $858.45, which is an increase of 6.28% from the latest price.

Price Target
$858.45
(6.28% upside)
Analyst Consensus: Buy
Stock Forecasts

News

BlackRock Shareholders' Support for Larry Fink's Pay Passes by Small Margin

The advisory vote passed with 58% of shareholder support, a low level that follows major proxy advisors recommending that stockholders vote against it.

1 day ago - Barrons

BlackRock Declares Quarterly Dividend of $5.10 on Common Stock

NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE:BLK) today announced that its Board of Directors has declared a quarterly cash dividend of $5.10 per share of common stock, payable June 24, 2024 to sh...

1 day ago - Business Wire

Securitize CEO on BlackRock's First Tokenized Fund

Securitize announces $47 million in funding led by BlackRock helping the push into tokenization. CEO Carlos Domingo discusses the first fund, BlackRock USD Institutional Digital Liquidity Fund (BUIDL)...

1 day ago - Bloomberg Markets and Finance

BlackRock executive pay wins only narrow support from shareholders

Top asset manager BlackRock on Wednesday said only about 58% of advisory votes cast at its annual meeting supported the pay of its top executives.

1 day ago - Reuters

BlackRock® Canada Announces May Cash Distributions for the iShares® ETFs and a Reinvested Distribution for iShares Canadian Real Return Bond Index ETF

BlackRock® Canada Announces May Cash Distributions for the iShares® ETFs and a Reinvested Distribution for iShares Canadian Real Return Bond Index ETF

1 day ago - GlobeNewsWire

Saba Capital's Boaz Weinstein on BlackRock campaign

Boaz Weinstein, founder and chief investment officer at Saba Capital Management, joins CNBC's 'Squawk Box' to discuss their firm's fight against BlackRock over closed-end funds, how he sees the resurg...

2 days ago - CNBC Television

BT Group share price struggles as Blackrock shorts its stock

BT Group (LON: BT.A) share price has gone nowhere this year even as the FTSE 100 index has pumped to its all-time high. The stock was trading at 108.95p on Tuesday, where it has been stuck at since Fe...

3 days ago - Invezz

Earnings-Driven Market Punishing Companies, Says BlackRock's Koesterich

Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, says companies are getting punished “very quickly” by an earnings-driven market and explains how US GDP growth can help boost ea...

7 days ago - Bloomberg Markets and Finance

Markets Have ‘Wildly Swinging Narrative': BlackRock's Li

Wei Li, global chief investment strategist at BlackRock, says markets are in a “new macro regime of elevated macro uncertainty, where cyclical forces are interacting with structural forces in very unp...

10 days ago - Bloomberg Markets and Finance

BlackRock-Boaz Weinstein Dispute Turns Even More Bitter

Boaz Weinstein's dispute with BlackRock Inc. is growing even sharper as the hedge-fund titan's Saba Capital Management seeks to dump BlackRock from overseeing six closed-end funds and the company figh...

13 days ago - Bloomberg Markets and Finance

Yen Intervention Won't Change Long-Term Direction, BlackRock Says

Currency intervention by Japan can "slow down the direction of travel" but a long-term shift in the yen requires a change in policy, says BlackRock MD, CIO and Head of APAC Fundamental Fixed Income Ne...

14 days ago - Bloomberg Markets and Finance

BlackRock Invests in Willow to Support Growth of NextGen Investors

NEW YORK & BOSTON--(BUSINESS WIRE)-- #financialadvisors--BlackRock, Inc. (NYSE: BLK) has made a minority investment in Willow Network, Inc. (“Willow”), a startup providing services to help financial a...

14 days ago - Business Wire

Participation Notification by BlackRock Inc.

Participation notification by BlackRock Inc.  Brussels, Belgium – May 2, 2024 - 8:30 CEST According to Belgian transparency legislation (Law of May 2, 2007), BlackRock Inc. (50 Hudson Yards, New York,...

14 days ago - GlobeNewsWire

BlackRock's Rosenberg Says Back-End of Curve Challenged

Jeffrey Rosenberg, systemic multi-strategy fund portfolio manager at BlackRock, says he sees a challenging environment for the back-end of the Treasury yield curve. For more on this story, please see:...

15 days ago - Bloomberg Markets and Finance

BlackRock is opening a Saudi investment firm with initial $5 billion from PIF

The new platform will be called BlackRock Riyadh Investment Management, or BRIM.

15 days ago - CNBC

Securitize announces $47 Million Strategic Funding Round led by BlackRock

The investment coincides with BlackRock's selection of Securitize as the transfer agent of its first tokenized fund on a public blockchain. MIAMI, May 1, 2024 /PRNewswire/ -- Securitize, the leader in...

Other symbols: HLNETW
15 days ago - PRNewsWire

BlackRock Completes Acquisition of SpiderRock Advisors

NEW YORK & CHICAGO--(BUSINESS WIRE)--BlackRock (NYSE: BLK) today announced the completion of its acquisition of SpiderRock Advisors, LLC, a leading provider of option overlay-based strategies for sepa...

15 days ago - Business Wire

BlackRock to launch PIF-backed Saudi investment platform

The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, backed by up to $5 billion from Saudi sovereign wealth fund the Public Investm...

16 days ago - Reuters

Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)

ORION CORPORATION STOCK EXCHANGE RELEASE – MAJOR SHAREHOLDER ANNOUNCEMENTS26 APRIL 2024 at 16.00 EEST          Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (Bl...

20 days ago - GlobeNewsWire

Decarbonization Partners Exceeds Fundraising Target With US$1.40 Billion Final Close for Inaugural Fund

NEW YORK & SINGAPORE--(BUSINESS WIRE)--Decarbonization Partners, a partnership between BlackRock and Temasek focused on investing in next-generation private companies that support the acceleration of ...

Other symbols: EEA
21 days ago - Business Wire

AI-Fueled Stocks Rally Has Further to Go, BlackRock's Wei Li Says

BlackRock Global Chief Investment Strategist Wei Li comments on the earnings season, the impact of artificial intelligence and how it plays into the 2024 equities rally. "I think there is greater runw...

21 days ago - Bloomberg Markets and Finance

BlackRock® Canada Announces Final April Cash Distributions for the iShares® Premium Money Market ETF

Listing:             TSX (Toronto Stock Exchange)          Symbol:         CMR TORONTO, April 24, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, ...

22 days ago - GlobeNewsWire

BlackRock Activates Retirement Solution Offering A Paycheck For Life

NEW YORK--(BUSINESS WIRE)--BlackRock (NYSE: BLK) announced today that its retirement income solution, LifePath Paycheck™, is now available in defined contribution plans. The LifePath Paycheck solution...

22 days ago - Business Wire

TotalEnergies and Vanguard Renewables, a Portfolio Company of BlackRock's Diversified Infrastructure Business, Join Forces to Develop Renewable Natural Gas in the United States

PARIS & BOSTON--(BUSINESS WIRE)--TotalEnergies, a global integrated energy company, and Vanguard Renewables, a U.S. leader in farm-based organics-to-renewable natural gas production and a portfolio co...

Other symbols: TTE
22 days ago - Business Wire

BlackRock triples spending on security for CEO Larry Fink due to ESG backlash

BlackRock increased spending on private security for CEO Larry Fink more than threefold last year after he came under withering criticism.

24 days ago - New York Post