Last $313.72 USD
Change Today -1.19 / -0.38%
Volume 66.6K
BLK On Other Exchanges
Symbol
Exchange
New York
Berlin
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As of 10:12 AM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

blackrock inc (BLK) Snapshot

Open
$314.90
Previous Close
$314.91
Day High
$315.96
Day Low
$313.25
52 Week High
07/16/14 - $331.90
52 Week Low
08/28/13 - $257.19
Market Cap
53.6B
Average Volume 10 Days
670.3K
EPS TTM
$17.58
Shares Outstanding
166.8M
EX-Date
08/28/14
P/E TM
17.8x
Dividend
$7.72
Dividend Yield
2.30%
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.

11,600 Employees
Last Reported Date: 07/16/14
Founded in 1988

blackrock inc (BLK) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $10.4M
President and Director
Total Annual Compensation: $8.1M
Co-President, Member of the Global Executive ...
Total Annual Compensation: $4.7M
Chief Financial Officer and Senior Managing D...
Total Annual Compensation: $2.6M
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 Declares Quarterly Cash Dividend Payable on September 22, 2014

BlackRock, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $1.93 per share of common stock, payable on September 22, 2014 to shareholders of record at the close of business on September 2, 2014.

BlackRock, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Tax Rate Guidance for the Second Half of 2014 and Full Year 2015

BlackRock, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $2,778 million compared to $2,482 million a year ago. Operating income was $1,122 million compared to $849 million a year ago. Income before income taxes was $1,138 million compared to $918 million a year ago. Net income attributable to the company was $808 million or $4.72 per diluted share compared to $729 million or $4.19 per diluted share a year ago. Adjusted operating income was $1,133 million compared to $982 million a year ago. Second quarter revenue was driven by continued growth in base fees, performance fees and revenue from BlackRock Solutions. For the six months period, the company reported total revenue of $5,448 million compared to $4,931 million a year ago. Operating income was $2,173 million compared to $1,758 million a year ago. Income before income taxes was $2,206 million compared to $1,868 million a year ago. Net income attributable to the company was $1,564 million or $9.12 per diluted share compared to $1,361 million or $7.81 per diluted share a year ago. Adjusted operating income was $2,195 million compared to $1,903 million a year ago. The company estimated that 29% is a reasonable tax rate for the second half of 2014. The company announced 30% represents reasonable projected tax rate for 2015.

Chris Jones Joins BlackRock, Inc. as Co-Head of Global Fundamental Equity and Head of Americas Fundamental Equity

BlackRock, Inc. announced that Chris Jones joined the company as Co-Head of Global Fundamental Equity as well as Head and Chief Investment Officer of Americas Fundamental Equity. Based in New York, he will report to Quintin Price, Global Head of the firm's Alpha Strategies Group, who has overall responsibility for the management of this business. In his new role, Mr. Jones will be responsible for overseeing BlackRock's $124 billion U.S. - based fundamental equity business and will join Nigel Bolton, Head and Chief Investment Officer of International Fundamental Equity, as Co-Head of Global Fundamental Equity, which represents $242 billion in assets. He will partner closely with investment professionals throughout the firm to help generate consistent, long-term performance for clients.

 

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Industry Analysis

BLK

Industry Average

Valuation BLK Industry Range
Price/Earnings 17.3x
Price/Sales 5.0x
Price/Book 2.0x
Price/Cash Flow 16.1x
TEV/Sales 0.4x
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