BlackRock Inc (NYSE:BLK) (2024)

FAQs

Is BLK a good stock to buy? ›

Is BLK a Buy, Sell or Hold? BlackRock has a consensus rating of Strong Buy which is based on 14 buy ratings, 2 hold ratings and 0 sell ratings. What is BlackRock's price target? The average price target for BlackRock is $934.81.

Larry Fink is the founder, CEO and chairman of powerhouse investment management firm BlackRock, one of the world's largest asset managers. He and seven partners founded BlackRock in 1988. Originally it was part of The Blackstone Group. BlackRock was spun off from Blackstone in 1994 and went public in 1999.

BlackRock Stock Forecast

The 14 analysts with 12-month price forecasts for BlackRock stock have an average target of 903.79, with a low estimate of 720 and a high estimate of 1,036. The average target predicts a decrease of -0.08% from the current stock price of 904.52.

Forests are disappearing

BlackRock is also the world's largest investor in forest destruction, including in the Amazon Rainforest. Forests are massive biodiversity hubs and carbon sinks, and we can't solve climate change without protecting what's left.

BlackRock currently has an average brokerage recommendation (ABR) of 1.34, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 16 brokerage firms. An ABR of 1.34 approximates between Strong Buy and Buy.

In Amazon.com's case, its Top Key Executive, Jeffrey Bezos, is the largest shareholder, holding 9.0% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 7.6% of common stock, and BlackRock, Inc. holds about 6.1% of the company stock.

Early life and education. Fink was born on November 2, 1952. He grew up as one of three children in a Jewish family in Van Nuys, California, where his mother Lila (1930–2012) was an English professor and his father Frederick (1925–2013) owned a shoe store. He earned a BA in political science from UCLA in 1974.

Microsoft (NASDAQ: MSFT) was the largest company by market cap in early 2024 at $3.1 trillion. BlackRock clocked in at No. 113 at a $123 billion market cap. Although the investment firm managed $10 trillion in assets, those were client funds, not assets owned by BlackRock.

Independent Asset Manager

BlackRock is an independently managed public company with no single majority stockholder. The PNC Financial Services Group, Inc. has a minority ownership stake in BlackRock with the remainder owned by institutional and individual investors, as well as BlackRock employees.

How powerful is BlackRock? ›

Today, BlackRock is the world's largest asset manager.

BlackRock's assets under management hit a record $10.5 trillion in the first quarter of this year.

We provide a broad range of investment solutions to official institutions worldwide including central banks, sovereign wealth funds, multilateral entities, public pension schemes, and government ministries and agencies.

No one person or company owns BlackRock. Five institutional investors -- Vanguard, BlackRock, State Street, Bank of America, Vanguard, and Temasek -- own about 25% of the company's stock.

BlackRock Inc currently has a 2.3% dividend yield. There is a neutral fundamental outlook for the investment management and fund operators' sub-industry. The long-term outlook is relatively healthy due to aging populations.

How many companies does BlackRock own? As of March 31, 2024, BlackRock's portfolio consisted of 5,283 holdings.