• Asset Management
  • Financial Services
BlackRock, Inc. logo
BlackRock, Inc.
BLK · US · NYSE
856.21
USD
+1.38
(0.16%)
Company Overview

50 HUDSON YARDS,NEW YORK NY 10001,212-810-5300

CEO

Mr. Laurence Douglas Fink

Employess

19300

Sector

Financial Services

Industry

Asset Management

Website

https://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. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York City with additional offices in Boston, Massachusetts; London, United Kingdom; Gurgaon, India; Hong Kong; Greenwich, Connecticut; Princeton, New Jersey; Edinburgh, United Kingdom; Sydney, Australia; Taipei, Taiwan; Singapore; Sao Paulo, Brazil; Philadelphia, Pennsylvania; Washington, District of Columbia; Toronto, Canada; Wilmington, Delaware; and San Francisco, California.

Next Earnings Date

Oct. 11, 2024

Ex Dividends date

Sep. 23, 2024

Dividend Date

Sept. 9, 2024

YTD Performance

6.99%

Fiscal Year End

12-31

IPO Date

1999-10-01

Growth Rates
(avg. rate of change) 10 years 5 years 3 years 1 year
Sales/Revenue 6.24% 5.61% 4.81% 4.38%
EPS 7.94% 6.62% 4.67% 7.40%
Equity 4.05% 3.98% 3.70% 4.25%
Cash 6.74% 6.13% 0.28% 17.80%
Return On Capital (ROIC) 10.77% 11.16% 11.31% 11.81%
Debt
year (millions) 2023 2022 2021 2020 2019
Short Term Debt 995 1,840 1,870 750 152
Long Term Debt 6,920 8,490 9,320 7,260 4,960
LT Finance Leases 1,780 1,840 1,870 755 624
Shares Outstanding 149 151 152 153 156
Market Cap 121,000 107,000 139,000 111,000 78,400
Price
Business Segments (Beta)
Geographical Segments (Beta)
News
Monster insider trading alert for BlackRock (BLK) stock
1 month

The recent stock market crash impacted even experts from large financial institutions which were made to rethink their holdings, such as BlackRock (NYSE: BLK) and its CEO Larry Fink.

finbold.com
BlackRock's Spot Ether ETF Investors Bought the Dip as Ether Tanked
1 month

Spot ether exchange-traded funds (ETFs) reported their second-best day of inflows since their July 23 launch on Monday, even as ether (ETHUSD) prices crashed amid a broad market rout.

investopedia.com
There are opportunities in the high yield credit market, says BlackRock's Rick Rieder
1 month

Rick Rieder, BlackRock global CIO, joins 'Closing Bell' to discuss the Fed's next move.

youtube.com
Morgan Stanley tells wealth advisors they can pitch bitcoin ETFs in a first for major Wall Street firms
2 months

Morgan Stanley on Friday told its army of financial advisors that it will soon allow them to offer bitcoin ETFs to some clients, a first among major Wall Street banks, CNBC has learned. The firm's 15,000 or so financial advisors can solicit eligible clients to purchase shares of two exchange-traded bitcoin funds starting Aug. 7, according to people with knowledge of the policy.

cnbc.com
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
2 months

NEW YORK--(BUSINESS WIRE)---- $BBN--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 8/1/2024 Ex-Date- 8/15/2024 Record- 8/15/2024 Payable- 9/3/2024 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.052500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.043500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Income Fund, Inc.* MUI $.

businesswire.com
TROW vs. BLK: Which Stock Is the Better Value Option?
2 months

Investors interested in stocks from the Financial - Investment Management sector have probably already heard of T. Rowe Price (TROW) and BlackRock (BLK).

zacks.com
2 BlackRock stocks to turn $100 into $1,000 by 2025
2 months

There are many winners and losers among the 5,283 BlackRock holdings reported in the latest available 13-f filing. While most portfolios have some obvious strong performers and many hidden gems, the multi-trillion dollar asset manager may indeed have all of its strongest picks out in plain view.

finbold.com
BlackRock® Canada Announces Final July Cash Distributions for the iShares® Premium Money Market ETF
2 months

TORONTO, July 25, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the final July 2024 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on July 26, 2024 will receive cash distributions payable on July 31, 2024.

globenewswire.com
BlackRock Is Trailing S&P500 By 13% YTD, Is There Room For Growth?
2 months

BlackRock's stock (NYSE: BLK) has gained roughly 4% YTD as compared to the 17% rise in the S&P500 index over the same period. In sharp contrast, BlackRock's peer State Street's stock (NYSE: STT) is up 10% YTD.

forbes.com
BlackRock Joins Spot Ether ETF Market With ETHA
2 months

On Tuesday, BlackRock debuted its own spot ether ETF, the iShares Ethereum Trust ETF (ETHA). ETHA normally has a net expense ratio of 0.25%.

etftrends.com
Ether ETFs officially begin trading in U.S., with funds from BlackRock, Grayscale and more
2 months

Ether is the native cryptocurrency on the ethereum blockchain. While bitcoin is often pitched as a type of digital gold, ether is seen as a more a bet on the growth of the blockchain and crypto more broadly.

cnbc.com
3 Defensive Stock Picks Investors Should Consider Today
2 months

It's time to go on the defensive; at least, that's what the savvy ones on Wall Street would have everyone else do, and while they're not always right, this time, there might be some sense behind the suggestion. When BlackRock Inc. NYSE: BLK released its earnings results for the second quarter of 2024, it revealed to investors that its clients were being advised to go into fixed-income and exchange-traded funds (ETFs), and here's why.

marketbeat.com