Blackrock is a asset management company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker BLK on the NYSE exchange.
Blackrock stock last closed at $973.92, down 0.65% from the previous day, and has increased 24% in one year. It has overperformed other stocks in the Asset Management industry by 0.03 percentage points. Blackrock stock is currently +30.63% from its 52-week low of $745.55, and -10.17% from its 52-week high of $1,084.22.
At the moment, there are 154.88M shares of BLK outstanding. The market capitalization of BLK is $150.84B. In the past 24 hours, 964,064 BLK shares were traded.
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Once you have identified the best place to buy Blackrock stock, it's absolutely critical to research their stock prior to buying, so you truly wrap your head around the risk and opportunity.
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You can view all of the due diligence checks on BLK's stock page.
You can use many financial metrics, analyses, models, and charts to gauge BLK's true value.
Using relative valuations metrics:
You can do more valuation analysis on BLK's stock here.
Out of 11 Wall Street analysts who give recommendations on BLK, the consensus analyst rating on Blackrock is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Brian Bedell, a top 3% analyst from Deutsche Bank maintains BLK with a strong buy rating and raises their BLK price target from $1,215.00 to $1,275.00, on Jan 16, 2025.
Deutsche Bank's Brian Bedell raised their price target on Blackrock (NYSE: BLK) by 4.9% from $1,215 to $1,275 on 2025/01/16. The analyst maintained their Strong Buy rating on the stock.
BlackRock reported its Q4 and FY 2024 earnings on 2025/01/15.
Bedell attributed their price target hike to the quarter's "solid" core results.
The analyst said that "key drivers of the earnings beat included a higher-than-expected base fee rate, and much stronger than expected long-term organic growth.
BlackRock's base fee organic growth rate continued to be strong in the quarter at 7%, Bedell detailed.
Blackrock reported:
For Q4 2024:
For FY 2024:
Management did not provide financial guidance in its press release.
Chairman & CEO Laurence D. Fink commented: “Clients entrusted BlackRock with a record $641B of net inflows in 2024, including $281B in Q4 for two consecutive record flows quarters.
“2024 was also a milestone year for strategic acquisitions grounded in client service, technology, and scale.
“Our closing of GIP and planned acquisitions of HPS and Preqin are expected to significantly scale and enhance our private markets investment and data capabilities.
“For many companies, periods of M&A contribute to a pause in client engagement. At BlackRock, clients are instead embracing and rewarding our strategy.
“Client activity accelerated into Q4, resulting in 7% organic base fee growth and 12% technology services ACV growth. Our operating model delivered exceptional performance in a year of meaningful change.
“Our record organic growth and financial results do not yet reflect the full integration or pending acquisitions of the high-growth businesses of GIP, HPS, and Preqin. And we’ve steadily made organic investments ahead of structural trends that we expect to drive outsized growth in the years ahead.
“In the 25 years since our IPO, BlackRock has delivered a 21% compounded annual total return for our shareholders, compared to 8% in the S&P 500.
“BlackRock enters 2025 with more growth and upside potential than ever. This is just the beginning.”
Benjamin Budish, a top 1% analyst from Barclays maintains BLK with a strong buy rating and lowers their BLK price target from $1,220.00 to $1,160.00, on Jan 13, 2025.
William Katz, a top 10% analyst from Citigroup maintains BLK with a strong buy rating and raises their BLK price target from $1,150.00 to $1,200.00, on Dec 23, 2024.
Glenn Schorr, a top 9% analyst from Evercore ISI Group maintains BLK with a buy rating and raises their BLK price target from $1,040.00 to $1,160.00, on Nov 7, 2024.
Bill Katz, a top 14% analyst from TD Cowen maintains BLK with a strong buy rating and raises their BLK price target from $960.00 to $1,077.00, on Oct 10, 2024.
You can dig deeper into what analysts are saying on the Blackrock stock forecast page.
Last year, BLK earnings were $6.07B. During the past 5 year, BLK's earnings have increased by 9.35% per year. This was faster than the Asset Management industry average of 9.23%.
Last year, BLK revenue was $19.36B. During the past five year, BLK's revenue has grown by 6.71% per year. This was slower than the Asset Management industry average of 21.14%.
Find out more about BLK's earnings and revenue performance here.
Over the last 12 months, executives and large shareholders at BLK have sold more shares than they have bought.
J. Richard Kushel, Senior Managing Director of BLK, was the latest BLK insider to sell. They sold $2,448,423.20 worth of BLK stock on Jan 31, 2025.
Learn more about who owns BLK shares here.
Blackrock pays a dividend of 1.57%, compared to the Asset Management industry's average dividend yield of 5.83%. If you owned $1,000 of BLK stock, you would have been paid $15.71 in the past 12 months.
Blackrock dividend payments have consistently grown over the past decade but have not remained stable.
Get more info about Blackrock dividend yield and history here.
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