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Last $5,605 MXN
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:12 PM 04/29/15 All times are local (Market data is delayed by at least 15 minutes).

blackrock inc (BLK*) Snapshot

Open
$5,605
Previous Close
$5,605
Day High
$5,605
Day Low
$5,605
52 Week High
04/24/15 - $5,742
52 Week Low
06/5/14 - $4,003
Market Cap
938.0B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
164.6M
EX-Date
06/5/15
P/E TM
--
Dividend
$8.72
Dividend Yield
1.96%
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: 05/8/15
Founded in 1988

blackrock inc (BLK*) Top Compensated Officers

Co-Founder, Chairman and Chief Executive Offi...
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
Chief Financial Officer and Senior Managing D...
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. Declares Quarterly Cash Dividend Payable on June 23, 2015

BlackRock, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $2.18 per share of common stock, payable June 23, 2015 to shareholders of record at the close of business on June 9, 2015.

BlackRock Does Not Plan To Buy Retail Brokerage

BlackRock, Inc. (NYSE:BLK) has no intention of buying a retail brokerage firm, Larry Fink, Chief Executive Officer of BlackRock, told shareholders. When asked by an investor at BlackRock's annual shareholder meeting if it would ever consider buying a retail brokerage given the profitability of the business, Fink said "No, that's not part of our business model."

BlackRock Is Reported To Buy Stake In DSP Blackrock Mutual Fund

BlackRock, Inc. (NYSE:BLK) has offered to buy out its Joint Venture partner Hemendra Kothari's stake in the Indian mutual fund business, said a person familiar with the development. BlackRock wants to acquire veteran investment banker Kothari's 60% equity holding in DSP BlackRock Investment Managers Pvt. Ltd. (DSP BlackRock Mutual Fund). BlackRock is keen on spearheading the growth of its Indian asset management business, said the person in the know. "BlackRock wants to look at different ways to grow the business which has not shown a significant rise in assets under management (AUM)," he said. In response to an Economic Times query on the matter, a BlackRock spokesperson said, "We don't comment on market speculation. We are excited about the potential of the Indian market and we work closely with our JV partner DSP BlackRock to deliver our growth strategy in India." Since negotiations between BlackRock and Kothari are still in early stages, the size of the possible deal could not be ascertained. If the deal goes through, DSP BlackRock could be valued at about 5%-6% of its assets under management, which is higher than the recent deals in the industry, said two officials with rival mutual funds. Hemendra Kothari did not comment on the matter, ET reported.

 

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Industry Analysis

BLK*

Industry Average

Valuation BLK* Industry Range
Price/Earnings 18.8x
Price/Sales 5.5x
Price/Book 2.3x
Price/Cash Flow 17.3x
TEV/Sales NM Not Meaningful
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