BlackRock, Inc. (BLK)
| Market Cap | 120.63B |
| Revenue (ttm) | 18.34B |
| Net Income (ttm) | 5.92B |
| Shares Out | 148.60M |
| EPS (ttm) | 39.35 |
| PE Ratio | 20.64 |
| Forward PE | 19.50 |
| Dividend | $20.40 (2.51%) |
| Ex-Dividend Date | Jun 7, 2024 |
| Volume | 255,347 |
| Open | 810.43 |
| Previous Close | 807.71 |
| Day's Range | 806.31 - 813.45 |
| 52-Week Range | 596.18 - 845.00 |
| Beta | 1.38 |
| Analysts | Buy |
| Price Target | 858.45 (+5.69%) |
| 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]
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 11 analysts, the average rating for BLK stock is "Buy." The 12-month stock price forecast is $858.45, which is an increase of 5.69% from the latest price.
News
BlackRock Just Sent These 8%+ Payers Soaring
A couple weeks ago, on May 3, BlackRock BlackRock , the world's largest investment firm, did something that will send a shockwave through our favorite high-yield investments: closed-end funds (CEFs).
Fed's $7.3 trillion balance sheet is worrying the world's largest asset manager. Here's why.
Changes to how the Federal Reserve manages one of world's most crucial piles of assets pose “underappreciated” risks to financial markets, BlackRock warned in a Friday client note.
Activist Boaz Weinstein says BlackRock funds are 'crushing shareholder rights'
Boaz Weinstein is fighting for control or reform at 10 BlackRock closed-end funds, which trade at a steep discount to their net asset value.
BlackRock CEO sees 'giant issue' for Europe due to AI power needs
The enormous power supply required by data centres to support artificial intelligence (AI) technologies will create competitive issues among countries and put Europe at a disadvantage, the CEO of Blac...
Trailing S&P500 BY 11% YTD, Where Is BlackRock Headed?
BlackRock's stock (NYSE: BLK) has given negligible returns YTD as compared to the 11% rise in the S&P500 index over the same period. Further, at its current price of $816 per share, the stock is tradi...
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.
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...
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)...
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.
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
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...
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...
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...
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...
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...
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...
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...
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,...
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:...
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.
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...
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...
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...
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...
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 ...