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Last $365.40 USD
Change Today -6.78 / -1.82%
Volume 798.8K
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

blackrock inc (BLK) Snapshot

Open
$369.69
Previous Close
$372.18
Day High
$372.00
Day Low
$363.16
52 Week High
02/17/15 - $382.84
52 Week Low
10/15/14 - $293.39
Market Cap
61.1B
Average Volume 10 Days
551.9K
EPS TTM
$19.23
Shares Outstanding
165.0M
EX-Date
03/4/15
P/E TM
19.0x
Dividend
$8.72
Dividend Yield
2.18%
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 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.

12,300 Employees
Last Reported Date: 04/16/15
Founded in 1988

blackrock inc (BLK) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $10.0M
President, Director, Chairman of The Global O...
Total Annual Compensation: $7.7M
Co-President, Senior Managing Director, Co-Ch...
Total Annual Compensation: $4.9M
Senior Managing Director and Chief Financial ...
Total Annual Compensation: $2.9M
Chief Operating Officer, Senior Managing Dire...
Total Annual Compensation: $3.5M
Compensation as of Fiscal Year 2014.

blackrock inc (BLK) Key Developments

BlackRock, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

BlackRock, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported total revenue of $2,723 million against $2,670 million a year ago. Operating income was $1,067 million against $1,051 million a year ago. Income before income taxes was $1,118 million against $1,068 million a year ago. Net income attributable to company was $822 million or $4.84 per diluted share against $756 million or $4.40 per diluted share a year ago. Adjusted operating income was $1,077 million against $1,062 million a year ago. Adjusted net income attributable to company was $830 million or $4.89 per diluted share against $762 million or $4.43 per diluted share a year ago.

BlackRock, Inc. Enters into Amendment No. 4 to its Five-Year Revolving Credit Agreement

On April 2, 2015, BlackRock, Inc. and certain of its subsidiaries entered into Amendment No. 4 to its Five-Year Revolving Credit Agreement, dated as of March 10, 2011, as amended by Amendment No. 1 thereto, dated as of March 30, 2012, Amendment No. 2 thereto, dated as of March 28, 2013, and Amendment No. 3 thereto, dated as of March 28, 2014, with Wells Fargo Bank, National Association, as administrative agent, swingline lender, issuing lender, L/C agent and a lender, and the banks and other financial institutions referred to therein. Among other things, Amendment No. 4 increases the size of the revolving credit facility under the Existing Credit Agreement to $4,000,000,000, extends the maturity date of the Revolving Facility to March 31, 2020 without utilizing BlackRock's option to request extensions of the Maturity Date available under the Existing Credit Agreement, adds a sub-limit for designated borrowers to the Revolving Facility, including a $1,500,000,000 sub-limit for BlackRock Group Limited, a designated borrower incorporated and organized under the laws of England and Wales and increases the size of the letter of credit subfacility to $4,0000,000,000 (with a $200,000,000 sub-limit for the issuance of fronted letters of credit). Except as modified by Amendment No. 4, the terms of the Revolving Facility remain the same.

BlackRock, Inc. to Report Q1, 2015 Results on Apr 16, 2015

BlackRock, Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Apr 16, 2015

 

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Industry Analysis

BLK

Industry Average

Valuation BLK Industry Range
Price/Earnings 18.5x
Price/Sales 5.5x
Price/Book -- Not Meaningful
Price/Cash Flow 17.2x
TEV/Sales -- Not Meaningful
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