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 $749.67, down 1.75% from the previous day, and has increased 7.35% in one year. It has underperformed other stocks in the Asset Management industry by 0.06 percentage points. Blackrock stock is currently +25.75% from its 52-week low of $596.18, and -11.28% from its 52-week high of $845.00.
At the moment, there are 148.94M shares of BLK outstanding. The market capitalization of BLK is $111.66B. In the past 24 hours, 659,781 BLK shares were traded.
How to Buy Blackrock Stock
Not sure how to invest in Blackrock stock? Here's how.
Decide where to buy Blackrock stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Blackrock stock.
Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
Put funds into your investment account: Choose your method of payment and add your information.
Research Blackrock stock: The Blackrock ticker symbol is BLK. Is Blackrock stock a good investment? Should you buy shares of BLK? How do BLK's underlying business fundamentals look? Do top analysts think Blackrock is a good buy? Why has BLK's stock price moved recently? (Hint: Our stock market analysis tools can help you understand if BLK is a good stock to buy).
Make your BLK purchase: Decide if you will purchase BLK shares at the current market price or use a limit order to buy BLK stock at a particular price.
Get notifications regarding your BLK position: Create a watchlist to important notifications about your new investment in Blackrock stock.
Step 1: Decide where to buy Blackrock stock
You need an online brokerage account to access the NYSE market and buy BLK stock.
A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.
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Step 2: Create your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal details so you are able to buy BLK today.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Step 4: Research Blackrock stock
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.
Blackrock quick stats
BLK Price
$749.67
1w %
-6.75%
1y %
7.35%
5y %
60.69%
P/E
20.34x
P/B
2.84x
P/S
6.27x
PEG
1.08x
Revenue
$17.86B
Earnings
$5.50B
Fore. Rev. Growth
13.8%
Fore. Earn. Growth
21%
Market Cap
$111.66B
Next Earnings
N/A
Next Dividend
N/A
BLK Fundamentals
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on BLK's stock page.
Is BLK stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge BLK's true value.
Using relative valuations metrics:
BLK may be undervalued based on its P/E ratio of 20.34x, relative to Asset Management industry P/E ratio of 30.32x
BLK could be overvalued based on its P/B ratio of 2.84x, relative to Asset Management industry P/B ratio of 2.3x
BLK may be overvalued based on its PEG ratio of 1.08x
BLK profit margin has gone up from 29% to 30.8% in the past year.
BLK earnings of $7.27B is not sufficient to cover its interest payments.
BLK's operating cash flow of $4.17B allows it to safely service it's debt of $9.70B.
Total BLK debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
BLK has a relatively high debt to equity ratio of 2.08.
Is it a good time to buy BLK stock, according to Wall Street analysts?
Out of 8 Wall Street analysts who give recommendations on BLK, the consensus analyst rating on Blackrock is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest BLK Analyst Recommendations
Bill Katz, a top 24% analyst from TD Cowen upgrades BLK to a buy rating and announces their BLK price target of $938.00, on Jan 16, 2024.
Arnaud Giblat, a bottom 39% analyst from Exane BNP Paribas upgrades BLK to a buy rating and announces their BLK price target of $885.00, on Dec 12, 2023.
Alexander Blostein, a top 8% analyst from Goldman Sachs maintains BLK with a strong buy rating and raises their BLK price target from $719.00 to $793.00, on Nov 30, 2023.
Last year, BLK earnings were $5.50B. During the past 5 year, BLK's earnings have increased by 6.53% per year. This was slower than the Asset Management industry average of 7.14%.
Last year, BLK revenue was $17.86B. During the past five year, BLK's revenue has grown by 4.7% per year. This was slower than the Asset Management industry average of 20.56%.
Blackrock pays a dividend of 2.68%, compared to the Asset Management industry's average dividend yield of 6.89%. If you owned $1,000 of BLK stock, you would have been paid $26.81 in the past 12 months.
Blackrock dividend payments have consistently grown over the past decade but have not remained stable.
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Step 5: Make your BLK purchase
There are two primary options:
Market order: A market order is an order to buy or sell a stock at the best available price. Market orders are mostly the best for newer investors.
Limit order: A limit order enables you to buy or sell a stock at a specific price (or better). If you want to be sure you're buying or selling at an exact dollar amount, place a limit order.
Click the Open button and eToro will execute your order.
If you require more help investing in stocks on eToro, watch the helpful video below:
As of Apr 16, 2024, it costs $749.67 to buy one share of Blackrock stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.133 shares of BLK.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.