BlackRock, Inc. (NYSE: BLK) is the world’s largest asset manager, with $11.475 trillion in assets under management as of September 2024.
Recent Financial Performance
In 2024, BlackRock reported revenues of $20.41 billion, a 14.27% increase from the previous year, and net income of $6.37 billion, up 15.76%.
Analyst Ratings and Price Targets
Analysts maintain a “Strong Buy” consensus for BLK, with an average 12-month price target of $1,129.17, suggesting a potential upside of approximately 13.82%.
Valuation Metrics
BlackRock’s trailing twelve months (TTM) price-to-earnings (P/E) ratio is 23.61, and its forward P/E is 20.91. The company offers an annual dividend of $20.84 per share, yielding 2.10%, with a payout ratio of 49.61%.
Recent Developments
In December 2024, BlackRock’s iShares Bitcoin ETF surpassed $50 billion in assets, more than doubling its nearest competitor. Additionally, BlackRock agreed to acquire private-credit manager HPS Investment Partners for $12 billion, enhancing its presence in the private-credit market.
Conclusion
BlackRock’s robust financial performance, strategic initiatives, and positive analyst outlook suggest potential for continued growth. However, investors should consider market volatility and conduct thorough due diligence before making investment decisions.
Key Metrics & Risk
Based on 1256 trading days of close price data (daily returns, annualized using 252 trading days).
| Metric | Value |
|---|---|
| Latest Price | $995.60 |
| Day Change | $-21.23 (-2.09%) |
| 52-Week High | $1011.95 |
| 52-Week Low | $991.18 |
| Volume | 724,100 |
| Metric | Daily | Annualized |
|---|---|---|
| Expected Return | 0.0332% | 8.71% |
| Risk (Std Dev) | 1.6866% | 26.77% |
| Total Return (period) | 26.91% | | First Price | $784.48 | | Period | 1256 days (start to 2026-06-05) |