Last $307.60 USD
Change Today -0.67 / -0.22%
Volume 485.1K
BLK On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 6:40 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

blackrock inc (BLK) Snapshot

Open
$308.01
Previous Close
$308.27
Day High
$309.93
Day Low
$305.92
52 Week High
01/16/14 - $326.00
52 Week Low
06/24/13 - $240.60
Market Cap
52.6B
Average Volume 10 Days
790.4K
EPS TTM
$17.21
Shares Outstanding
167.5M
EX-Date
03/5/14
P/E TM
17.9x
Dividend
$7.72
Dividend Yield
2.27%
Current Stock Chart for BLACKROCK INC (BLK)

blackrock inc (BLK) Details

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors. It also manages accounts for corporate, public, union and industry pension plans, insurance companies, third-party mutual funds, endowments, foundations, charities, corporations, official institutions, and banks. The firm also provides offers global risk management and advisory services. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages open-end and closed-end mutual funds, offshore funds, ETF’s, unit trusts, and alternative investment vehicles including hedge funds and structured funds. It invests in the public equity, fixed income, real estate, and alternative markets across the globe. The firm primarily invests in growth, value, and core stocks of small-cap, mid-cap, SMID-cap, large-cap and multi-cap companies. It employs a fundamental and quantitative analysis with a bottom-up stock picking 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, the firm seeks to invest in Poland and Germany. BlackRock, Inc. was founded in 1988 and is based in New York City with additional offices in Boston, Massachusetts, London, United Kingdom, Brazil, Philadelphia, Pennsylvania, Plainsboro, New Jersey, and San Francisco, California.

11,500 Employees
Last Reported Date: 04/17/14
Founded in 1988

blackrock inc (BLK) Top Compensated Officers

Co-Founder Chairman, Chief Executive Officer ...
Total Annual Compensation: $10.4M
President, Director, Chairman of Operations C...
Total Annual Compensation: $8.1M
Senior Managing Director and Chief Financial ...
Total Annual Compensation: $2.6M
Chief Operating Officer and Senior Managing D...
Total Annual Compensation: $4.7M
Senior Managing Director and Global Head of R...
Total Annual Compensation: $3.0M
Compensation as of Fiscal Year 2013.

blackrock inc (BLK) Key Developments

BlackRock To Sell Buildings In Kuala Lumpur

BlackRock, Inc. (NYSE:BLK) is seeking to sell office towers and a mall in Kuala Lumpur, Bloomberg reported. The Intermark Sdn Bhd, owned by BlackRock, is planning to sell the 62-story Vista office tower, the 39-story Integra office building and a retail mall in the Intermark. The bids will close on May 30 and the deal is expected to be completed by November, according to the document. Savills Plc is marketing the properties for BlackRock, according to the sale document. BlackRock declined to comment to Bloomberg News.

BlackRock, Inc. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2014

BlackRock, Inc. reported consolidated unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues were $2,670 million against $2,449 million a year ago. Operating income was $1,051 million against $909 million a year ago. Income before income taxes was $1,068 million against $950 million a year ago. Net income attributable to BlackRock, Inc. was $756 million or $4.40 diluted per share against $632 million or $3.62 diluted per share a year ago. Adjusted operating income was $1,062 million against $921 million a year ago. Adjusted net income attributable to BlackRock, Inc. was $762 million or $4.43 diluted per share against $637 million or $3.65 diluted per share a year ago.

BlackRock Announces Executive Changes, Effective from June 1

BlackRock is reorganizing its senior management, resulting in new or expanded roles for at least ten of its senior executives and aimed at finding a successor to chairman and chief executive officer Laurence Fink. Meanwhile, Fink, and Robert Kapito, president of the company, will continue in their roles. BlackRock's chief operating officer Charles Hallac will assume a new role as co-president of BlackRock, effective from June 1. Hallac, who is battling colon cancer, was one the company's first employee in 1988 and the creator of the Aladdin trade management system. The client businesses, investment groups and product management will continue to report to Hallac and Kapito. Robert Goldstein, currently global head of BlackRock's Institutional Client Business or ICB and BlackRock Solutions or BRS, will become chief operating officer of the company. He will succeed Hallac. Mark McCombe, who is currently serving as chairman of BlackRock Asia Pacific or APAC, will become global head of BlackRock's ICB, based in New York. He will succeed Goldstein. To facilitate a smooth leadership transition in APAC, McCombe will continue to serve as its chairman through year-end. In addition, McCombe will become chairman of BlackRock Alternative Investors or BAI. He will work with Andy Stewart and Matt Botein, who will continue to co-head the alternatives business, and Edwin Conway, who in addition to leading ICB in the U.S. and Canada, is responsible for the Alternative Investors Strategy Group. Rich Kushel will become BlackRock's chief product officer. Kushel is currently head of strategic product management. He will also continue to oversee the BlackRock Investment Institute and the company's corporate governance and responsible investment team. BlackRock said that Salim Ramji, a Senior Partner at McKinsey & Co., will join the company later in April as global head of corporate strategy. Sudhir Nair, currently head of business development and implementations & delivery for the Aladdin Business, will become global head of the Aladdin Institutional Business. Ryan Stork, global head of the Aladdin business within BlackRock Solutions, will become head of BlackRock Asia Pacific, based in Hong Kong. Quintin Price, who has led the revitalization of Alpha Strategies, will move to New York. Investor Relations and Corporate Development, that were part of the strategy organization, will now become part of Finance, reporting to Chief Financial Officer Gary Shedlin.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BLK:US $307.60 USD -0.67

BLK Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Credit Suisse Group AG SFr.27.67 CHF -0.33
Franklin Resources Inc $54.01 USD -0.04
State Street Corp $65.91 USD +0.55
Bank of New York Mellon Corp/The $34.21 USD +0.46
Blackstone Group LP $32.51 USD -0.46
View Industry Companies
 

Industry Analysis

BLK

Industry Average

Valuation BLK Industry Range
Price/Earnings 17.5x
Price/Sales 5.0x
Price/Book 2.0x
Price/Cash Flow 16.0x
TEV/Sales NM Not Meaningful
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BLACKROCK INC, please visit www.blackrock.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.