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 $648.32, down 2.09% from the previous day, and has decreased 13.2% in one year. It has overperformed other stocks in the Asset Management industry by 0.04 percentage points. Blackrock stock is currently +28.86% from its 52-week low of $503.12, and -17.79% from its 52-week high of $788.65.
At the moment, there are 150.24M shares of BLK outstanding. The market capitalization of BLK is $97.40B. In the past 24 hours, 480,134 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.
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.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global markets: From Tech to Energy, New York to London — you can fill your portfolio with stocks from the globe's leading exchanges.
- 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.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 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
- Click here to get started.
- Input your personal data to start a new brokerage account.
- Send your info by pressing the "Create Account" button.
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.
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 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 overvalued based on its P/E ratio of 18.9x, relative to Asset Management industry P/E ratio of 0.83x
- BLK could be overvalued based on its P/B ratio of 2.58x, relative to Asset Management industry P/B ratio of 1.44x
- BLK may be overvalued based on its PEG ratio of 2.24x
You can do more valuation analysis on BLK's stock here.
BLK Financial Summary
Positive Financial Indicators:
- BLK earnings of $6.69B is not sufficient to cover its interest payments.
- BLK's operating cash flow of $4.96B allows it to safely service it's debt of $8.49B.
- 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 2.09.
- BLK profit margin has gone down from 30.5% to 29% in the past year.
Is it a good time to buy BLK stock, according to Wall Street analysts?
Out of 11 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
Michael Cyprys, a bottom 22% analyst from Morgan Stanley maintains BLK with a strong buy rating and raises their BLK price target from $785.00 to $828.00, on Jan 17, 2023.
Bill Katz, a bottom 19% analyst from Credit Suisse maintains BLK with a hold rating and raises their BLK price target from $540.00 to $680.00, on Jan 12, 2023.
Alexander Blostein, a top 17% analyst from Goldman Sachs maintains BLK with a strong buy rating and raises their BLK price target from $741.00 to $825.00, on Jan 4, 2023.
Finian O'Shea, a bottom 41% analyst from Wells Fargo initiates coverage on BLK with a strong buy rating and announces their BLK price target of $820.00, on Dec 15, 2022.
Brian Bedell, a top 47% analyst from Deutsche Bank maintains BLK with a strong buy rating and raises their BLK price target from $642.00 to $846.00, on Nov 15, 2022.
You can dig deeper into what analysts are saying on the Blackrock stock forecast page.
BLK Trading Indicators
Is BLK Making Money?
Last year, BLK earnings were $5.18B. During the past 5 year, BLK's earnings have increased by 2.36% per year. This was slower than the Asset Management industry average of 3.2%.
Last year, BLK revenue was $17.87B. During the past five year, BLK's revenue has grown by 5.62% per year. This was slower than the Asset Management industry average of 13.33%.
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.
J. Richard Kushel, Senior Managing Director of BLK, was the latest BLK insider to sell. They sold $396,208.35 worth of BLK stock on Feb 27, 2023.
Learn more about who owns BLK shares here.
Can I get consistent income from BLK stock?
Blackrock pays a dividend of 3.03%, compared to the Asset Management industry's average dividend yield of 6.96%. If you owned $1,000 of BLK stock, you would have been paid $30.29 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:
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:
- Decide where to buy Blackrock stock
- Create your brokerage account
- Put funds into your investment account
- Research Blackrock stock
- Make your BLK purchase
- 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 TodayIf you would like to get notifications regarding your investment in Blackrock, create your watchlist below.
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