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How to Buy Blackrock Stock

Blackrock Inc

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 $769.71, down 0.05% from the previous day, and has increased 11.7% in one year. It has overperformed other stocks in the Asset Management industry by 0.1 percentage points. Blackrock stock is currently +29.11% from its 52-week low of $596.18, and -8.91% from its 52-week high of $845.00.

At the moment, there are 148.6M shares of BLK outstanding. The market capitalization of BLK is $114.38B. In the past 24 hours, 452,924 BLK shares were traded.

How to Buy Blackrock Stock

Not sure how to invest in Blackrock stock? Here's how.
  1. 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.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Choose your method of payment and add your information.
  4. 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).
  5. 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.
  6. 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.

Our preferred brokerage: eToro

In our opinion, eToro is the best brokerage. Here's why:

  • Invest in stocks with zero commissions: Invest without paying trading commissions.
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  • Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
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Get $10 towards your purchase of shares by signing up for an account with eToro now.

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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.

How to Set Up a New Brokerage Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Input your personal data to start a new brokerage account.
  1. Send your info by pressing the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Put funds into your investment account

Now that you've finished signing up on the stock trading app, your next step is to transfer the money for your investment:

Watch the video below if you need help transferring money into your new brokerage account.

Get started with eToro 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
$769.71
1w %
-1.13%
1y %
11.7%
5y %
71.7%
P/E
19.38x
P/B
2.88x
P/S
6.24x
PEG
2.28x
Revenue
$18.34B
Earnings
$5.92B
Fore. Rev. Growth
12.34%
Fore. Earn. Growth
9.44%
Market Cap
$114.38B
Next Earnings
Jul 12, 2024
Next Dividend
Jun 24, 2024

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 19.38x, relative to Asset Management industry P/E ratio of 26.55x
  • BLK could be overvalued based on its P/B ratio of 2.88x, relative to Asset Management industry P/B ratio of 2.35x
  • BLK may be overvalued based on its PEG ratio of 2.28x

You can do more valuation analysis on BLK's stock here.

BLK Financial Summary

Positive Financial Indicators:

  • BLK profit margin has gone up from 28.1% to 32.3% in the past year.
  • BLK earnings of $7.63B is not sufficient to cover its interest payments.
  • BLK's operating cash flow of $4.15B allows it to safely service it's debt of $11.63B.
  • 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 2.07.

Is it a good time to buy BLK stock, according to Wall Street analysts?

Out of 6 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 26% analyst from TD Cowen upgrades BLK to a buy rating and announces their BLK price target of $938.00, on Jan 16, 2024.

You can dig deeper into what analysts are saying on the Blackrock stock forecast page.

BLK Trading Indicators

SMA10
773.44
SMA20
781.02
SMA50
776.82
SMA100
792.04
SMA200
749.9
MACD
-4.51
MACD Signal
-2.94
MACD Histogram
-1.56
RSI
45.79
Stochastic %K
31.66
Stochastic %D
24.72
StochRSI %K
43.86
StochRSI %D
34.54

Is BLK Making Money?

Last year, BLK earnings were $5.92B. During the past 5 year, BLK's earnings have increased by 8.21% per year. This was slower than the Asset Management industry average of 21%.

Last year, BLK revenue was $18.34B. During the past five year, BLK's revenue has grown by 5.61% per year. This was slower than the Asset Management industry average of 22.4%.

Find out more about BLK's earnings and revenue performance here.

Who is buying/selling BLK?

Over the last 12 months, executives and large shareholders at BLK have sold more shares than they have bought.

Caroline Heller, Senior Managing Director of BLK, was the latest BLK insider to sell. They sold $105,898.54 worth of BLK stock on May 31, 2024.

Learn more about who owns BLK shares here.

Can I get consistent income from BLK stock?

Blackrock pays a dividend of 1.96%, compared to the Asset Management industry's average dividend yield of 6.42%. If you owned $1,000 of BLK stock, you would have been paid $19.62 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.

What others are saying about BLK

One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other investors have to say.

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:

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Step 6: Get notifications regarding your BLK position

Now that you own some shares in BLK, you'll want to keep up with your investment.

Start a watchlist to get the latest updates about your BLK stock.

BLK Feed

How to Buy Stock in Blackrock

To summarize, here are the 6 steps you need to take to buy Blackrock stock right now:

  1. Decide where to buy Blackrock stock
  2. Create your brokerage account
  3. Put funds into your investment account
  4. Research Blackrock stock
  5. Make your BLK purchase
  6. Get notifications regarding your BLK position

If you are looking for a place to buy stocks, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get notifications regarding your investment in Blackrock, create your watchlist below.

NYSE: BLK
$769.71-0.40 (-0.05%)
Updated Jun 13, 2024
Open eToro Account
NYSE: BLK
$769.71-0.40 (-0.05%)
Updated Jun 13, 2024
Open eToro Account

FAQ

How much does it cost to buy one Blackrock share?

As of Jun 13, 2024, it costs $769.71 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 0.13 shares of BLK.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Blackrock stock?

According to 6 Wall Street analysts who monitor Blackrock, their consensus recommendation is to buy Blackrock stock.

What is the best way to buy Blackrock stock?

One way to place an order for Blackrock stock is with a brokerage account.
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.