BLK - BlackRock, Inc.
| Previous Close | 396.42 |
| Open | 396.55 |
| Bid | 387.00 x 800 |
| Ask | 395.00 x 800 |
| Day's Range | 393.40 - 401.12 |
| 52 Week Range | 360.79 - 594.52 |
| Volume | 846,997 |
| Avg. Volume | 891,990 |
| Market Cap | 63.583B |
| Beta (3Y Monthly) | 1.29 |
| PE Ratio (TTM) | 11.46 |
| EPS (TTM) | 34.96 |
| Earnings Date | Jan 16, 2019 |
| Forward Dividend & Yield | 12.52 (3.16%) |
| Ex-Dividend Date | 2018-12-06 |
| 1y Target Est | 459.92 |
- CNBC Videos•39 minutes ago
BlackRock earnings: $6.08 per share, vs $6.27 expected
BlackRock, the largest asset manager in the world, reported quarterly earnings and revenue that missed analysts’ expectations.
- CNBC Videos•15 hours ago
BlackRock reports earnings tomorrow
CNBC's Leslie Picker breaks down what to expect from tomorrow's BlackRock earnings report.
- The Wall Street Journal•3 minutes ago
[$$] BlackRock's Profit Falls Sharply
Blackrock said its profits and assets under management fell in the fourth quarter amid a choppy market environment.
- Reuters•16 minutes ago
BlackRock profit misses as investors opt out of expensive funds
BlackRock ended the fourth quarter with $5.98 trillion in assets under management, down from $6.44 trillion in the preceding quarter. Net income attributable to BlackRock fell to $927 million, or $5.78 per share, in the quarter ended Dec. 31, from $2.30 billion, or $14.01 per share, a year earlier, when it took a one-time gain from changes in the U.S. tax law. In the reported quarter, the company also took a $60 million charge related to job cuts last year.
Reuters•19 minutes agoBlackRock profit misses as investors opt out of expensive funds
BlackRock ended the fourth quarter with $5.98 trillion in assets under management, down from $6.44 trillion in the preceding quarter. Net income attributable to BlackRock fell to $927 million, or $5.78 per share, in the quarter ended Dec. 31, from $2.30 billion, or $14.01 per share, a year earlier, when it took a one-time gain from changes in the U.S. tax law. In the reported quarter, the company also took a $60 million charge related to job cuts last year.
- CNBC•20 minutes ago
BlackRock CEO Larry Fink: The stock market will be higher over 10 years but not without some bumps
The stock market has made a near-term closing bottom on Christmas Eve, but whether that holds depends on geopolitical risks, says Fink. In the long-term, Fink predicts that stocks will be higher over 10 years, but not without some bumps along the way. BlackRock BLK Chairman and CEO Larry Fink told CNBC on Wednesday the stock market has made a near-term closing bottom on Christmas Eve.
- Bloomberg•20 minutes ago
BlackRock’s Assets Slip Under $6 Trillion After Market Turmoil
Adjusted earnings per share of $6.08 for the period missed estimates of $6.28. Full-year total net inflows of $124 billion for 2018 were about 66 percent lower than last year’s record.In the quarter, institutions yanked $34.6 billion.One bright spot: BlackRock’s iShares exchange-traded fund division reported $81 billion in inflows for the quarter, a record. Digging DeeperThe industry is facing headwinds from market volatility and fee pressure.BlackRock announced plans to cut 3 percent of its global workforce, or 500 jobs, last week.
- Associated Press•26 minutes ago
BlackRock: 4Q Earnings Snapshot
On a per-share basis, the New York-based company said it had net income of $5.78. Earnings, adjusted for restructuring costs, were $6.08 per share. The results missed Wall Street expectations. The average ...
- Business Wire•49 minutes ago
BlackRock Reports Fourth Quarter 2018 Earnings
BlackRock, Inc. today released its financial results for the fourth quarter of 2018. The company’s earnings release and supplemental materials are available via ir.blackrock.com/QuarterlyResults.
- CNBC•53 minutes ago
BlackRock results fall short of expectations, assets fall back below $6 trillion
BlackRock BLK , the largest asset manager in the world, reported quarterly earnings and revenue that missed analysts' expectations on Wednesday. BlackRock's reported bottom line represents a 2 percent decline from the year-earlier period, when its posted a profit of $6.19 per share.
- TheStreet.com•12 hours ago
BlackRock Expected to Earn $6.28 a Share
is expected to report earnings of $6.28 a share on sales of $3.4 billion before the market opens on Wednesday, Jan. 16, based on a FactSet survey of 13 analysts. BlackRock is currently trading at a price-to-forward-earnings ratio of 15.1 based on the 12-month estimates of 16 analysts surveyed by FactSet. Wednesday is a busy day for bank earnings with results due from PNC Financial Services Group Inc.
- Moody's•13 hours ago
Crockett Cogeneration, LP -- Moody's downgrades Crockett's senior secured notes to Caa3 from B1; outlook is negative
Moody's Investors Service ("Moody's") has downgraded the rating assigned to Crockett Cogeneration, LP (Crockett or the Project) senior secured notes to Caa3 from B1 and revised the outlook to negative from stable. The downgrade to Caa3 is driven solely by the expected bankruptcy filing of Pacific Gas & Electric Company (PG&E: Caa3, negative) which was downgraded to Caa3 on January 14, 2019 and has a negative outlook. PG&E's credit quality serves as a cap to Crockett's rating since the Project derives the majority of its revenue and cash flow under a long-term power purchase agreement (PPA) with PG&E that expires in 2026.
- Benzinga•18 hours ago
Fixed Income ETF Volume Surged In 2018
Last year, fixed income exchange traded funds hauled in a record $97 billion in new assets, or almost a third of all the year's inflows to U.S.-listed ETFs. New data from BlackRock Inc. (NYSE: BLK ), the ...
- Zacks•23 hours ago
New Strong Sell Stocks for January 15th
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
Bloomberg•yesterdayBlackRock Sees Stock-Bond Correlation Deeply Negative This Year
Correlation between the two asset classes dived into negative territory in late 2018 as Treasuries climbed while U.S. stocks tumbled. “We see the correlation between equity and bond returns remaining significantly negative in 2019 as the economic cycle enters its latter stages,” Richard Turnill, BlackRock’s global chief investment strategist, wrote in a note to clients.
- Moody's•2 days ago
BlackRock ICS Euro Assets Liquidity Fund -- Moody's Assigns Aaa-mf rating to BlackRock ICS Euro Assets Liquidity Fund
Moody's Investors Service ("Moody's") has assigned a Aaa-mf rating to the BlackRock ICS Euro Assets Liquidity Fund, a prime money market fund (MMF). The fund is domiciled in Ireland and comply with the European Union's new money market fund rules. The Fund's Aaa-mf rating reflects Moody's view that it will have a very strong ability to meet its objectives of providing liquidity and preserving capital.
- Zacks•2 days ago
Moving Average Crossover Alert: BlackRock
BlackRock could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
- The Wall Street Journal•4 days ago
[$$] BlackRock Elevates Potential Successor to CEO Laurence Fink
has been elevated to a new job that gives him more power inside the world’s biggest asset manager. will head BlackRock’s international operations and corporate strategy, according to a company memo reviewed by The Wall Street Journal. The move signals that the firm is grooming Mr. Wiedman, 48 years old, as a possible heir to Mr. Fink, 66.
- Barrons.com•5 days ago
Bear-Market Fears Bring Downgrades for BlackRock, Other Money Managers
Deutsche Bank downgraded money managers Legg Mason, Eaton Vance, Invesco, BlackRock, and Affiliated Managers Group to Hold from Buy.
- Bloomberg•5 days ago
A Larry Fink Protege Ascends as BlackRock Grapples With Growth
From his start in an advisory arm of the company, Wiedman ascended to lead one of its most valuable businesses: the exchange-traded funds unit, with about $1.8 trillion in assets. Some readers of the corporate tea leaves took Wiedman’s appointment -- a newly created role reporting directly to CEO Larry Fink -- as a signal that he’s being groomed to lead the world’s largest money manager. “It certainly moves him up the list as a possible successor to Fink,” said Kyle Sanders, an analyst at Edward Jones & Co.
- InvestorPlace•5 days ago
7 Stocks to Buy That Are Ready for Takeoff
Goldman Sachs (NYSE:GS) believes what goes down must come up. At least that's the case for its 2019 list of 13 stocks to buy that it believes have the most potential upside in the year ahead. To make Goldman's list, a company should have solid earnings, be undervalued based on those earnings and be ready to take off. The average loss in 2018 of the 13 stocks was 38.4% with only one company -- Netflix (NASDAQ:NFLX) -- delivering a positive return. Consider this Goldman's version of the Dogs of the Dow. InvestorPlace - Stock Market News, Stock Advice & Trading Tips I liked the list of 13 stocks so much, I've decided to create my own list of stocks to buy that are ready to take off. * InvestorPlace Roundup: The Hottest Stocks in the Market Today To make my list, a company must have a market cap of $2 billion or more, an operating margin of 20% or higher, little or no debt, and a forward P/E less than 20. Oh, and if possible, it should be in the S&P 500. Source: Shutterstock ### BlackRock (BLK) BlackRock (NYSE:BLK), the world's largest asset manager, didn't have a great year in 2018, generating a total return of -21.2%, almost five times worse than the S&P 500. Asset managers as a group didn't do well in 2018, so if you own BLK shares, I wouldn't get too concerned because it's got an incredibly diverse set of revenue streams that include iShares, the world's biggest ETF provider. iShares accounted for 38% of the company's $10.9 billion in base fees in 2017 with retail providing another 31% and institutional investors the remainder. Talk about diversification. Interestingly, the Americas represents 65% of its revenue, with the Asia/Pacific region accounting for just 7% of almost $11 billion in fees. Given the growth of China and other markets in the APAC region, one can't help but with this disparity as a real opportunity for the company. Generating $3.7 billion in free cash flow over the trailing 12 months, BlackRock is trading at 16.9 times cash flow, well below its five-year average of 23.1. On top of all the financial numbers, you've Larry Fink as CEO, one of the most candid chief executives in finance. I like its chances in 2019. Source: Shutterstock ### Electronic Arts (EA) Like BlackRock, Electronic Arts (NASDAQ:EA) didn't have a great year in 2018, generating a total return of -24.9%. However, like BlackRock, its industry didn't have a great year, either, so a bounce-back year could still be in the cards. One troubling aspect of the video game industry for Electronic Arts in 2018 was the phenomenal success of "Fortnite," which allows users to download the game for free on your iPhone, Android phone and even game consoles such as Xbox and PlayStation. Free games are definitely not helping EA's stock price. However, in the case of Electronic Arts and the rest of the industry, it appears that investors have gotten ahead of themselves when it comes to the deterioration of the gaming industry. "Six months ago the market thought of Electronic Arts as a company with $6 earnings per share power, trading at 25 times earnings, [which] makes it a $150 stock," Bernstein analyst Todd Juenger wrote in December. "Now the market is thinking more like $5 EPS power, trading at 17 times, for an $85 stock." * Morgan Stanley: 7 Risky Stocks to Sell Now The risk/reward ratio seems tilted in investors' favor at the moment, with the bad news seemingly more than baked into EA stock. I like its upside in 2019. Source: Shutterstock ### Facebook (FB) If there's a stock that everyone's got an opinion on, I would guess Facebook (NASDAQ:FB) is at the top of the list. Mark Zuckerberg and company had a terrible year in 2018 from a PR perspective. The entire privacy issue putting a real damper on FB stock, which delivered a total return of -25.7% this past year. That's the company's first calendar year with a negative total return since its IPO in 2012. Not to worry. If you bought shares in Facebook's IPO and are still holding, you're up 332%, almost four times better than the S&P 500. Some experts feel Facebook is in for more pain in the year ahead. JPMorgan (NYSE:JPM) isn't one of them. It has made FB one of its top stock picks for 2019. "We view core FB as stickier than many think, with recent metrics mostly stable and our proprietary survey work showing solid engagement, while Instagram continues to grow rapidly," JPMorgan analyst Doug Anmuth wrote Jan. 8 in a note to clients. "We Expect Facebook To Climb The Wall Of Worry." So do I. Source: Shutterstock ### SVB Financial (SIVB) By far my favorite American bank stock, SVB Financial (NASDAQ:SIVB), took a step back in 2018, generating a total return of -19% -- its first year in negative territory since 2011. Of course, 2018 wasn't a good year for most banks, large or small. Warren Buffett's biggest bank holding, Wells Fargo (NYSE:WFC), lost even more, down an additional 258 basis points. Given all the problems Wells Fargo faced in 2018, a similar performance for SIVB seems like a big slight, since I consider it the better of the two California-based banks. While some analysts have lowered expectations for SIVB stock in recent weeks by cutting 12-month target prices, earnings estimates for 2019 over the past three months have improved by a dime to $20.58 a share. * 10 Stocks You Can Set and Forget (Even In This Market) At the end of December, I suggested that SIVB's net interest margin of 3.6% in 2018, significantly higher than Bank of America (NYSE:BAC), was a big reason to like it. If there's a bank stock to rebound in 2019, my bet's on SVB Financial. Source: Shutterstock ### Cimarex Energy (XEC) I'm loath to pick any oil-related stocks for this article, but it appears independent oil and gas company Cimarex Energy (NYSE:XEC) might make for a good exception. Losing almost half its value on a total-return basis in 2018, Cimarex is trading at 4.4 times cash flow and 10.2 times its forward earnings. What's to like about Cimarex besides its valuation? In November, the Denver-based company announced it would acquire Resolute Energy (NYSE:REN) for $1.6 billion including the assumption of $710 million in debt. Cimarex will pay for 60% of the acquisition cost ($900 million plus the debt) with stock and cash for the remainder. "It is a perfect fit with our existing Reeves County position and will allow us to leverage our knowledge and deliver superior results over a broader asset base for the benefit of both Cimarex and Resolute shareholders," stated Cimarex CEO Thomas Jorden on Nov. 19. "The Resolute assets are expected to generate free cash flow in 2019, basically funding any additional development capital from the start." Through the first nine months of fiscal 2018, Cimarex had $476 million in revenue, 49% higher than in the same period a year earlier. On the bottom line, its adjusted earnings per share were $5.39, 69% higher than a year earlier. If you're looking for a mid-cap oil and gas stock to buy in 2019, Cimarex ought to be at the top of your list. Source: Shutterstock ### InterDigital (IDCC) InterDigital (NASDAQ:IDCC) is the first of two companies not in the S&P 500 that I've included in my list of stocks to buy that are ready to take off in 2019. IDCC owns a global portfolio of wireless technology patents that it licenses to other manufacturers. I'll be the first to admit that when it comes to the tech industry, I'm a relative beginner beyond the basics, so I won't be giving you an in-depth examination why InterDigital's wireless and video technology patents are the best in the industry. What I can say is that in the first nine months of 2018, IDCC had free cash flow (FCF) of $151 million, more than double the $71 million in FCF in 2017. In addition to the significant increase in free cash, InterDigital's recurring revenue in Q3 2018 was $75 million, 11% higher than in the second quarter of 2018. On the bottom line, it had net income of $20.1 million, more than double its net income in Q2 2018. What's exciting about InterDigital from a non-tech viewpoint is the company's $29.73 in cash per share it has on its balance sheet. At current prices, IDCC is trading at just 2.3 times cash. * The 7 Best Stocks in the Entrepreneur Index With InterDigital yielding 2% and expecting good things from the move to 5G, IDCC stock is a good stock to buy to get some income in the short term and capital appreciation in the long term when some of its patents start to pay dividends from licensing, etc. This is definitely a company I want to get to know better. Source: Stiller Beobachter via Flickr ### Louisiana-Pacific (LPX) Louisiana-Pacific (NYSE:LPX) is a leading manufacturer of engineered-wood building products with 23 plants in the U.S., Canada, Chile, and Brazil. Like most manufacturers that rely on the housing industry, business is great when new homes are getting built and existing owners are renovating their homes to boost the potential sale price down the road. In times when the housing market hits the skids, like 2008, companies like Louisiana-Pacific go through a rough patch. Toward the end of 2018, cracks in the red-hot housing market started to reveal themselves, sending stocks of homebuilders for a big decline. That trickles down to the suppliers of the homebuilders like LP, which lost 13.4% in 2018, with much of it in the last three months of the year. That said, there's nothing more valuable than a person's home, making Louisiana-Pacific's engineered wood an important commodity. Currently trading at 5.9 times cash flow, one-third the S&P 500, LPX is a value stock that with a 2.2% yield and an operating margin that's better than it's ever been. Sure, there's a chance that the housing market will continue to slow, but there's an equal possibility that demand keeps going higher. Besides, with $633 million or $4.40 a share in net cash on the balance sheet, this is a very stable stock to buy for 2019 and the long haul. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 7 Stocks to Buy That Are Ready for Takeoff appeared first on InvestorPlace.
- Zacks•5 days ago
New Strong Sell Stocks for January 11th
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:
- Zacks•5 days ago
Why is Earnings Beat Less Likely for BlackRock (BLK) in Q4?
While steady iShares inflows are expected to boost BlackRock's (BLK) assets under management in the fourth quarter, higher costs might hurt results to some extent.
- TheStreet.com•5 days ago
Citigroup to Kick Off Heavy Week of Bank Earnings
will kick off the latest round of financial results from the banking industry with its earnings report before the market opens on Monday, Jan. 14. Citigroup is expected to report earnings of $1.55 a share on sales of $17.6 billion based on a FactSet survey of 23 analysts. The stock has fallen 19.3% since the company last reported earnings on Oct. 12.
- GlobeNewswire•5 days ago
New Research Coverage Highlights BlackRock, Campbell Soup, Apache, AngloGold Ashanti, SunCoke Energy, and Urban Edge Properties — Consolidated Revenues, Company Growth, and Expectations for 2019
NEW YORK, Jan. 11, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
