Stock Price: As of November 10, 2023, the stock price is $665.00, with a 2.02% increase on that day.
Market Cap: BlackRock boasts a substantial market capitalization of $99.02 billion.
Revenue: In 2022, BlackRock’s revenue was $17.57 billion, experiencing a 7.75% decrease compared to the previous year.
Net Income: Earnings stood at $5.39 billion, reflecting a 12.25% decrease.
Dividend: The company pays a dividend of $20.00 per share, yielding 3.01%.
PE Ratio: The price-to-earnings ratio is 18.65, and the forward PE is 18.34.
Analyst Consensus: According to 12 analysts, the average rating for BLK stock is “Buy”.
Price Target: The 12-month stock price forecast is $775.25, implying a 16.58% upside from the latest price12.
Business Profile:
BlackRock, Inc. is a publicly owned investment manager.
It serves institutional, intermediary, and individual investors, including pension plans, insurance companies, mutual funds, endowments, and more.
The firm provides global risk management and advisory services.
Financial Performance:
In 2022, BlackRock’s revenue decreased, but it remains a dominant player in the asset management industry.
The company’s commitment to returning value to shareholders is evident through its consistent dividends.
Strengths:
Diversified Portfolio: BlackRock manages separate client-focused equity, fixed income, and balanced portfolios.
Global Reach: With a global footprint, BlackRock navigates diverse markets and asset classes.
Innovation: The company adapts to changing landscapes, including digital transformation and sustainability initiatives.
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