BlackRock (NYSE:BLK) - Stock Price, News & Analysis

BLK Stock Overview

A publicly owned investment manager.

BLK fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	1/6
Past Performance	5/6
Financial Health	4/6
Dividends	5/6

Rewards

Trading at 9.5% below our estimate of its fair value

Earnings are forecast to grow 6.32% per year

Earnings grew by 20.8% over the past year

Pays a reliable dividend of 2.61%

Risk Analysis

Significant insider selling over the past 3 months

BlackRock, Inc. Competitors

KKR

NYSE:KKR

US$93.4b

Bank of New York Mellon

NYSE:BK

US$44.8b

Blackstone

NYSE:BX

US$150.6b

Ares Management

NYSE:ARES

US$41.7b

Price History & Performance

Summary of all time highs, changes and price drops for BlackRock
Historical stock prices
Current Share Price	US$782.27
52 Week High	US$845.00
52 Week Low	US$596.18
Beta	1.35
11 Month Change	1.33%
3 Month Change	-4.20%
1 Year Change	12.79%
33 Year Change	-12.46%
5 Year Change	65.58%
Change since IPO	5,438.19%

Recent updates

BlackRock: Investing In The Largest Asset Manager In The World

May 22

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For BlackRock, Inc.'s (NYSE:BLK) CEO For Now

May 08

Blackrock: An Attractive Setup To Buy A Globally Leading Franchise

Apr 20

Results: BlackRock, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

Apr 15

BlackRock: 15% Annual Returns Since 2004 - And It's Far From Done

Apr 12

Shareholder Returns

	BLK	US Capital Markets	US Market
7D	-2.1%	-0.09%	0.5%
1Y	12.8%	26.4%	20.5%

Return vs Industry: BLK underperformed the US Capital Markets industry which returned 26.4% over the past year.

Return vs Market: BLK underperformed the US Market which returned 20.5% over the past year.

Price Volatility

Is BLK's price volatile compared to industry and market?
BLK volatility
BLK Average Weekly Movement	2.5%
Capital Markets Industry Average Movement	3.5%
Market Average Movement	5.7%
10% most volatile stocks in US Market	15.2%
10% least volatile stocks in US Market	2.8%

Stable Share Price: BLK has not had significant price volatility in the past 3 months.

Volatility Over Time: BLK's weekly volatility (2%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1988	19,300	Larry Fink	www.blackrock.com

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, Inc. Fundamentals Summary

How do BlackRock's earnings and revenue compare to its market cap?
BLK fundamental statistics
Market cap	US$117.00b
Earnings (TTM)	US$5.92b
Revenue (TTM)	US$18.34b

19.6x

P/E Ratio

6.3x

P/S Ratio

Is BLK overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BLK income statement (TTM)
Revenue	US$18.34b
Cost of Revenue	US$9.36b
Gross Profit	US$8.99b
Other Expenses	US$3.07b
Earnings	US$5.92b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	39.83
Gross Margin	49.00%
Net Profit Margin	32.26%
Debt/Equity Ratio	23.6%

How did BLK perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

51%

Payout Ratio

BLK Stock Overview

Rewards

Risk Analysis

BlackRock, Inc. Competitors

NYSE:KKR

US$93.4b

NYSE:BK

US$44.8b

NYSE:BX

US$150.6b

NYSE:ARES

US$41.7b

Price History & Performance

Recent News & Updates

BlackRock, Inc. (NYSE:BLK) agreed to acquire Preqin Ltd. from Valhalla Ventures, the management and employees of Preqin Ltd. for £2.5 billion.

Blackstone Real Estate Partners X L.P., managed by Blackstone Real Estate Advisors L.P. completed the acquisition of Apartment Income REIT Corp. (NYSE:AIRC) from The Vanguard Group, Inc., BlackRock, Inc., State Street Corporation, Cohen & Steers, Inc. and others.

Vista Equity Partners Management, LLC completed the acquisition of Model N, Inc. (NYSE:MODN) from group of shareholders.

Ono Pharmaceutical Co., Ltd. (TSE:4528) completed the acquisition of Deciphera Pharmaceuticals, Inc. (NasdaqGS:DCPH) from BlackRock, Inc. (NYSE:BLK), Deerfield Capital, L.P., Redmile Group, LLC Brightstar Associates, LLC and others.

Noble Corporation plc (NYSE:NE) entered into a definitive merger agreement to acquire Diamond Offshore Drilling, Inc. (NYSE:DO) from BlackRock, Inc. (NYSE:BLK), KGH Ltd., The Vanguard Group, Inc., Capital Research Global Investors and others for approximately $1.6 billion.

BlackRock Appoints Yik Ley Chan to Lead the Firm's Private Credit Efforts in Southeast Asia

Recent updates

BlackRock, Inc. (NYSE:BLK) agreed to acquire Preqin Ltd. from Valhalla Ventures, the management and employees of Preqin Ltd. for £2.5 billion.

Blackstone Real Estate Partners X L.P., managed by Blackstone Real Estate Advisors L.P. completed the acquisition of Apartment Income REIT Corp. (NYSE:AIRC) from The Vanguard Group, Inc., BlackRock, Inc., State Street Corporation, Cohen & Steers, Inc. and others.

Vista Equity Partners Management, LLC completed the acquisition of Model N, Inc. (NYSE:MODN) from group of shareholders.

Ono Pharmaceutical Co., Ltd. (TSE:4528) completed the acquisition of Deciphera Pharmaceuticals, Inc. (NasdaqGS:DCPH) from BlackRock, Inc. (NYSE:BLK), Deerfield Capital, L.P., Redmile Group, LLC Brightstar Associates, LLC and others.

Noble Corporation plc (NYSE:NE) entered into a definitive merger agreement to acquire Diamond Offshore Drilling, Inc. (NYSE:DO) from BlackRock, Inc. (NYSE:BLK), KGH Ltd., The Vanguard Group, Inc., Capital Research Global Investors and others for approximately $1.6 billion.

BlackRock Appoints Yik Ley Chan to Lead the Firm's Private Credit Efforts in Southeast Asia

Upcoming dividend of US$5.10 per share

Johnson & Johnson (NYSE:JNJ) completed the acquisition of Shockwave Medical, Inc. (NasdaqGS:SWAV) from a group of sellers.

Aventis Inc. completed the acquisition of Inhibrx, Inc. (NasdaqGM:INBX) from a group of shareholders.

Chairman & CEO recently sold US$25m worth of stock

Chairman & CEO notifies of intention to sell stock

BlackRock: Investing In The Largest Asset Manager In The World

First quarter dividend of US$5.10 announced

Metropolis Technologies, Inc. completed the acquisition of SP Plus Corporation (NasdaqGS:SP) from BlackRock, Inc. (NYSE:BLK), River Road Asset Management, LLC, Segall Bryant & Hamill, LLC and others.

BlackRock, Inc. Declares Quarterly Dividend on Common Stock, Payable on June 24, 2024

Insider notifies of intention to sell stock

First quarter 2024 earnings: EPS exceeds analyst expectations

We Think Shareholders Are Less Likely To Approve A Large Pay Rise For BlackRock, Inc.'s (NYSE:BLK) CEO For Now

New York City Employees’ Retirement System Files an Exempt Solicitation Statement to BlackRock

BlackRock (NYSE: BLK) completed the acquisition of the remaining equity interest in SpiderRock Advisors, LLC.

Bluebell Capital Sends Letter BlackRock

BlackRock, Inc. Activates Retirement Solution Offering A Paycheck for Life

Blackrock: An Attractive Setup To Buy A Globally Leading Franchise

SH Residential Holdings, LLC completed the acquisition of M.D.C. Holdings, Inc. (NYSE:MDC) from a group of shareholders.

Future Pak, Ltd. submits a proposal to acquire Vanda Pharmaceuticals Inc. (NasdaqGM:VNDA) from The Vanguard Group, Inc., State Street Corporation (NYSE:STT), BlackRock, Inc. (NYSE:BLK), Dimensional Fund Advisors LP and others for approximately $450 million.