BlackRock, Inc. is a publicly owned investment manager.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$924.74|
|52 Week High||US$587.90|
|52 Week Low||US$959.89|
|1 Month Change||5.73%|
|3 Month Change||7.29%|
|1 Year Change||48.63%|
|3 Year Change||136.72%|
|5 Year Change||170.99%|
|Change since IPO||6,446.83%|
Recent News & Updates
BlackRock Stock: My Top Financial Value Pick
BlackRock's proven business model, history of strong returns, and reasonable valuation make it a great value/anchor stock. Unlike many other established financial blue chips, BlackRock has more long-term tailwinds than headwinds. I expect BlackRock's return this decade to beat the S&P 500's return.
BlackRock: Capitalizing On The Whims Of Investors
BlackRock is a Dividend Contender with 12 consecutive years of dividend growth. Shares currently yield 1.88%. BlackRock is behemoth in the asset management space with over $9 T in AUM as of July. Their wide suite of investment offerings allow investors low cost access to nearly every investment imaginable. BlackRock is just over 8% off its highs and is beginning to look attractive.
BlackRock: Woolly Mammoth Of Asset Managers Keeps Growing
BlackRock is the largest asset manager in the world and has AUM of $9.5 trillion. That's larger than the GDP of all countries on Earth except the US and China. And the company just keeps getting bigger - adding a whopping $81 billion in AUM in Q2 alone. Last week's lousy economic data, including a very disappointing jobs report, could be good news for stocks (and BlackRock).
|BLK||US Capital Markets||US Market|
Return vs Industry: BLK underperformed the US Capital Markets industry which returned 64% over the past year.
Return vs Market: BLK exceeded the US Market which returned 30.3% over the past year.
Stable Share Price: BLK is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: BLK's weekly volatility (3%) has been stable over the past year.
About the Company
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.
BlackRock Fundamentals Summary
|BLK fundamental statistics|
Is BLK overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BLK income statement (TTM)|
|Cost of Revenue||US$9.22b|
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
|Earnings per share (EPS)||38.20|
|Net Profit Margin||30.97%|
How did BLK perform over the long term?See historical performance and comparison
1.8%Current Dividend Yield
Is BlackRock undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BLK ($924.74) is trading below our estimate of fair value ($931.48)
Significantly Below Fair Value: BLK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: BLK is poor value based on its PE Ratio (24.2x) compared to the US Capital Markets industry average (16.5x).
PE vs Market: BLK is poor value based on its PE Ratio (24.2x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: BLK is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: BLK is good value based on its PB Ratio (3.9x) compared to the US Capital Markets industry average (61.3x).
How is BlackRock forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BLK's forecast earnings growth (6.8% per year) is above the savings rate (2%).
Earnings vs Market: BLK's earnings (6.8% per year) are forecast to grow slower than the US market (14.7% per year).
High Growth Earnings: BLK's earnings are forecast to grow, but not significantly.
Revenue vs Market: BLK's revenue (6.3% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: BLK's revenue (6.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BLK's Return on Equity is forecast to be low in 3 years time (15.7%).
How has BlackRock performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BLK has high quality earnings.
Growing Profit Margin: BLK's current net profit margins (31%) are higher than last year (29.8%).
Past Earnings Growth Analysis
Earnings Trend: BLK's earnings have grown by 7.9% per year over the past 5 years.
Accelerating Growth: BLK's earnings growth over the past year (23.9%) exceeds its 5-year average (7.9% per year).
Earnings vs Industry: BLK earnings growth over the past year (23.9%) underperformed the Capital Markets industry 77.6%.
Return on Equity
High ROE: BLK's Return on Equity (16.4%) is considered low.
How is BlackRock's financial position?
Financial Position Analysis
Short Term Liabilities: BLK's short term assets ($26.4B) exceed its short term liabilities ($19.1B).
Long Term Liabilities: BLK's short term assets ($26.4B) do not cover its long term liabilities ($119.4B).
Debt to Equity History and Analysis
Debt Level: BLK's debt to equity ratio (18.8%) is considered satisfactory.
Reducing Debt: BLK's debt to equity ratio has increased from 16.8% to 18.8% over the past 5 years.
Debt Coverage: BLK's debt is well covered by operating cash flow (58.6%).
Interest Coverage: BLK's interest payments on its debt are well covered by EBIT (52.2x coverage).
What is BlackRock current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BLK's dividend (1.79%) is higher than the bottom 25% of dividend payers in the US market (1.28%).
High Dividend: BLK's dividend (1.79%) is low compared to the top 25% of dividend payers in the US market (3.48%).
Stability and Growth of Payments
Stable Dividend: BLK's dividends per share have been stable in the past 10 years.
Growing Dividend: BLK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.1%), BLK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BLK's dividends in 3 years are forecast to be well covered by earnings (45.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Larry Fink (69 yo)
Mr. Laurence Douglas Fink, also known as Larry, is Founder, Chairman and Chief Executive Officer of BlackRock. He and seven partners founded BlackRock in 1988. Mr. Fink has been named one of the "World's G...
CEO Compensation Analysis
Compensation vs Market: Larry's total compensation ($USD27.36M) is above average for companies of similar size in the US market ($USD11.15M).
Compensation vs Earnings: Larry's compensation has been consistent with company performance over the past year.
Experienced Management: BLK's management team is seasoned and experienced (7.3 years average tenure).
Experienced Board: BLK's board of directors are considered experienced (8.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BLK insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
BlackRock, Inc.'s employee growth, exchange listings and data sources
- Name: BlackRock, Inc.
- Ticker: BLK
- Exchange: NYSE
- Founded: 1988
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$140.550b
- Shares outstanding: 151.99m
- Website: https://www.blackrock.com
Number of Employees
- BlackRock, Inc.
- 55 East 52nd Street
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 23:13|
|End of Day Share Price||2021/10/25 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.