BLK Investment Analysis Report & Stock Research, BlackRock, Inc.

BlackRock, Incorporated (BLK)

BLK Stock Report

2-Year Price History

View Larger BLK Chart
(10/9 4:01PM)
Open$214.5 Mkt Cap$10.9 Billion
High$217.19 52Wk High$220.17
Low$213.52 52Wk Low$88.91
Volume321,251 Avg Vol 10D375,300

Ockham’s Rating/Recommendation Summary

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BLK Revenue

As a value investing shop, we are interested in seeing how BLK’s revenues measure up against past performances. One easily understandable way of doing that is to compare Price to Sales per share levels over a given time frame. Assuming it is available, Ockham prefers to look at ten years of history (for this stock there are 10 years of history available) and we weigh recent years more heavily. This allows us to find weighted average historical high and low Price to Sales ratios, which give us a better idea of the stock’s current underlying value. Using this method, we have established a high range for Price to Sales of 6.94x and the low end of the range at 3.93x.

With respect to these historically rational metrics, notice that the current Price to Sales per share ratio for BLK of 2.78x is well below its normal historic Price to Sales levels. At a price of $206.93, BLK is 49% below where we would expect to see it. Clearly, this stock looks undervalued compared to historical levels, at least on a Price to Sales basis. This will positively affect our analysis because it is rare to find a stock this far below historical norms, and we would expect some price appreciation to bring this metric back towards a more normal range.

BLK Cash Earnings

Looking at BLK specifically in their Cash Earnings capabilities, Ockham views BLK as significantly below its historical average multiple of cash earnings as calculated by Ockham. Similar to our analysis of sales per share, Ockham looks at the last 10 years of cash earnings levels for BLK to identify where the current high and low price levels have been historically in relation to profit per share. Again, we utilize a weighted average methodology which relies more heavily on recent years of data. This weighted average framework provides us with an average high Price to Cash Earnings ratio per share of 38.54 and a 21.79 low over the same period.

Now that BLK’s current price is $206.93 and its Price to Cash Earnings ratio is 19.14, we are very positive on its outlook from the cash earnings perspective. In fact, BLK is now trading a full 37% below its average historical Price to Cash Earnings ratio at these profit per share levels. When our clients ask us why BLK has great long term potential, the Cash Earnings levels to current stock is one of our primary reasons. But naturally, now we need for the overall market to recognize this disparity.

BLK Dividends

When determining a company’s future prospects for success, Ockham Research sees analysis of dividend payments as a key additional factor. Even though it isn’t imperative for BLK to shell out a dividend in order to receive a positive rating, it can be helpful to further our analysis.

The estimated annual dividend for BLK is $3.12 producing a current dividend yield of 1.51%. Much like our evaluation of Sales and Cash Earnings per share, we review dividend yields from BLK against the historic high and low levels over all available dividend history. Because dividends are a decision made exclusively by management, we view a healthy and rising dividend as a sign of confidence and strength. The highest dividend yield from BLK over previous years was 3.51% while the lowest dividend yield was 0.00%. Given this range, the current dividend yield for BLK is below its historical median and not terribly attractive from this perspective.

Peer Comparison


BlackRock, Inc. Industry Grouping

Company Ticker Market Cap (Ml) Latest
Price/Cash Earnings Price/Sales 5-Yr. Rev.
Growth Rate
Avg. ROE.
Current 10-Yr. Range* Current 10-Yr. Range*
Peer Company Averages (not incuding BLK) 26.39 7.17 » 59.53 3.37 1.00 » 6.49 16.61% 17.81%
*10 year range does not include current year values
Brookfield Asset Management, Inc. BAM $13.5 Billion $23.53 7.54 3.93 » 51.73 1.16 0.57 » 6.07 25.75% 20.66%
TD Ameritrade Holding Corp. AMTD $11.8 Billion $20.20 17.29 8.34 » 41.40 4.64 1.41 » 7.88 30.70% 26.56%
T. Rowe Price Group, Inc. TROW $11.3 Billion $44.25 34.00 12.67 » 38.70 6.51 2.02 » 8.72 15.63% 21.34%
BlackRock, Inc. BLK $10.9 Billion $213.86 19.14 8.22 » 58.26 2.78 1.60 » 8.68 48.94% 12.42%
Invesco Limited IVZ $9.8 Billion $23.57 49.96 5.96 » 123.79 3.63 0.87 » 7.98 9.88% 7.20%
Principal Financial Group, Inc. PFG $9.0 Billion $28.11 23.17 4.96 » 42.04 0.88 0.11 » 1.80 1.11% 13.28%

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The Latest Financial News
5:51:04 PM BLK $216.55 BlackRock, Inc.
6 hours ago (10/09)
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5:47:00 PM BLK $216.55 BlackRock, Inc.
6 hours ago (10/09)
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8:59:42 AM BLK $213.86 BlackRock, Inc.
15 hours ago (10/09)
“…amid slump (Bloomberg)The dollar adrift – a global vote of no confidence (WSJ)Consumers keep paying off credit cards, building up savings (WaPo)Is BLACKROCK going to rule the world? (Reuters)The pullout method: Bernanke claims he’ll be first to tighten in the heat of the moment (Wall St. Cheat Sheet)Goldman gives loan to stoke commercial mortgage bonds (Bloomberg)34 banks don’t pay their quarterly TARP dividends (USA Today)Obama wins peace …” – BLK on Zero Hedge
6:55:44 AM BLK $213.86 BlackRock, Inc.
17 hours ago (10/09)
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8:50:41 AM BLK $213.09 BlackRock, Inc.
1 days ago (10/08)
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4:57:11 PM BLK $213.50 BlackRock, Inc.
2 days ago (10/07)
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9:05:04 AM BLK $213.11 BlackRock, Inc.
2 days ago (10/07)
“…So while American consumers remain weighed down by debt, “the stock market is telling us that it can do just fine, thank you,” says Robert Doll, BLACKROCK Inc.’s global chief investment officer for equities. How long will the markets continue to get giddy with every dollar selloff? Guess we’ll find …” – BLK on WSJ Marketbeat
5:40:50 PM BLK $213.11 BlackRock, Inc.
3 days ago (10/06)
“…Lifted today’s rally higher. Stay tuned. >> announcer: "squawk box" >> when the dollar’s weaker, the price of oil goes up. >> give us your prediction. You’re sticking with 85 next >> you’ll see 85, 90. >> BLACKROCK’s money team unveiling its quarterly strategy first on cnbc. >> we think we’re at the sweet that’s the main thing. Are not good. But as a yield alternative to me it looks compelling again. >> announcer: "squawk box." where business turns first. Weekdays at 6:00 a.M. Eastern on be engineered using nanotechnologyto convert plants into components. The first-ever hs hybrid.Only from lexus. Um bill– why is dick butkus here?I hired himto speak. A lot of fortune 500 but-i’m your we’re going to start using that means billions of potential customers. We’re gonnabe huge. Good morning! You know business is a I just don’t i’m sorry (announcer) we understand. Your business could use a pep talk. Fedex.Com/peptalk announcer: in today’s marketshow can you get your retirement plans …” – BLK on Fast Money
8:43:39 AM BLK $216.00 BlackRock, Inc.
3 days ago (10/06)
“…Guys, we’ve been talking about oil prices, the story about that secret alliance trying to get away from the dollar. But we’ve also been talking about the stock market. Mark, melissa, david, I don’t know if you heard in the last dollar we had bob doll and curtis arledge on from BLACKROCK talking about how they think prime time to be in stocks and riskier asset classes. I was wondering what you guys are hearing from down on the is that the theme this seems to be more consistent or going against the grain? >> you realize you just set a record for longest intro? >> trying to get back to the point because I couldn’t think of a single question to ask you about t. Boone pickens or oil markets or the dollar. >> it was 43 seconds long. Would you like to comment on t. Boone pickens, mark. I know you have thoughts on >> you came to us four minutes later. >> jig ignore mark. Ignore mark. >> we heard before in the break. >> oil is up. What more you need to know. Stocks are up. Oil is up. >> david, what would you like to >> I heard you guys earlier talking about the potential — what potential deal. The black stock for anhaeuser busch’s theme park may get …” – BLK on Squawk Box
8:25:26 AM BLK $213.10 BlackRock, Inc.
3 days ago (10/06)
“…Its earnings through this horrible recession I think they have done well. >> good. >> that’s good. We don’t need individual bonds. We’ll take care of it for you. >> you will. >> BLACKROCK will do that? >> that’s fantastic. That’s why you’re here. >> pay them after the show. >> after this is available to the public on BLACKROCK.Com for more details on asset allocation. >> that was great. >> thank you for coming in. We appreciate that. >> coming up, medical doctor and former senator and book author and former majority leader bill frist on fixing america’s health care crisis at 8:30 a.M. Eastern "squawk box" coming right back. Please help me welcome a long-time friendof glencoe baseball.A man who played second base actually, 47. Ladies and gentlemen, amidst today’s our sophisticated wealth transfer strategies… And philanthropic expertise …” – BLK on Squawk Box
8:18:08 AM BLK $213.10 BlackRock, Inc.
3 days ago (10/06)
“…Modestly prefer value over growth. From a geographic standpoint we prefer emerging markets. We know the consensus there, the growth, absence of debt and now maybe the controversy and this is not uniform at BLACKROCK with developed markets currently a preference for the united we’re going to have a quick recovery. Look at leading economic indicators compared to most of the countries in europe and japan. >> do you have a preference for emerging markets over developed >> yes. >> okay. That doesn’t sound like quality, >> therein lies part of the problem one has at this point. You’re right, emerging markets tend not to have quality. I might turn it around and say emerging markets higher quality of growth. Absence of a strangle hold of debt, strong savings rates, a middle class growing rapidly and sold growth is attractive. >> you like emerging, put some money around in the emerging then for emerging markets stay with quality in u.S. And value over growth. >> correct. >> that is everything. >> sectors. >> we think you need a diversified portfolio in this environment. …” – BLK on Squawk Box
8:16:50 AM BLK $213.10 BlackRock, Inc.
3 days ago (10/06)
“…They make shamu — they do it on >> peta is asking for animated — let shamu go free. >> that will be worth $80 a ticket. Anyway, back with BLACKROCK’s money team unveiling their strategy on cnbc even before releasing the new report. Bob dole, chairman, globally ceo of equities plrks arledge. We have been going top down this is working really well. We did the top already. Now let’s go down. Let’s stay in the middle. Sectors, geography, global mix >> let’s start with a theme, you know this hally has been about low qualities, first part our view is in a slow economic recovery you want higher the huge outperformance of low quality, now a evaluation that makes high-quality attractive versus low and economic overlay. That permeates. …” – BLK on Squawk Box
8:03:57 AM BLK $213.10 BlackRock, Inc.
3 days ago (10/06)
“…Thank you very much. You know, it is the most important decision an investor how should I best diversify my assets a few stocks here, bonds there. Today we’re turning to a few men with a trillion dollars on the line. BLACKROCK’s money team unveiling its quarterly strategy first on cnbc even before it releases that report to its clients. Bob doll the vice-chairman, global ceo of equities. >> this is a new thing we’re we’ve never done this before to roll out your quarterly outlook on investments and where people should be right now. Bob, you guys put this together. >> this is brand-new, calling it plaque rok investment direction. The idea is to communicate with our clients our views with a six to 12 month time lines. We’ll update it quarterly. >> so the outlook is your general take on where things stand. You have to look at that broadly first. What’s your global view of where things stand. >> let me start by saying our preference is for risk assets. We believe, forget the …” – BLK on Squawk Box
8:01:07 AM BLK $213.10 BlackRock, Inc.
3 days ago (10/06)
“…>>> making the right move with your money. Money management giant BLACKROCK, that’s the firm with trls on the line is about to unveil its quarterly strategy to us first on cnbc. Stocks, bonds and other investment ideas you can use right now. >> solving america’s health care crisis. Former senate majority leader and medical doctor bill frist gives us a diagnoses from both sides of the operating table. >> we don’t have a moment. >> checking in with barry. >> mr. Hermit, have you a telephone call at the front desk. >> the chairman and ceo of starwood capital ready to snap up the opportunities in the commercial real estate fallout. …” – BLK on Squawk Box
7:57:45 AM BLK $213.10 BlackRock, Inc.
3 days ago (10/06)
“…List, u.S. Focus list at questioned suisse. General mills upgraded to overweight at morgan stanley and american express initiated with market perform. >> when we come back, BLACKROCK is about to unveil its quarterly strategy on cnbc. We have BLACKROCK in the boardroom. The global ceo, a stock guy and bond guy teaming up for a strategy session like none other when "squawk box" continues >>> you’re watching "squawk box" on cnbc, first in business more and more active tradersare turning to fidelityfor a smarter wayto trade online. Only fidelity lets you back-test against an entire portfolio of stocks. Plus you’ll get advanced, customizable trading platforms. And you get the kind of execution you’d expect from fidelity… …With a dedicated specialist to talk abouteven your most complex trades. They’ll even help expeditethe account transfer process. …” – BLK on Squawk Box
7:52:58 AM BLK $213.10 BlackRock, Inc.
3 days ago (10/06)
“…In this economy to have a job and one you enjoy. >> boone, thank you for coming we’re going to see you again real soon. >>> coming up at the top of the hour, riding this roller coaster market use make you queasy. BLACKROCK’s investment team is bringing you the picture perfect portfolio. Thanks for putting that in "squawk box" exclusive. You have to stay on this ride to get the scoop. We’ll be right back. >>> up next on "squawk box," don’t make a trade until you know which stocks are making joe tells you all the pretrade news you need to know in stocks break. ( inspiring music playing )someday, cars will be engineered using nanotechnologyto convert plants into components. The first-ever hs hybrid.Only from lexus. …” – BLK on Squawk Box
1:41:22 PM BLK $212.16 BlackRock, Inc.
4 days ago (10/05)
“…Investors and analysts are clamoring for someone outside. They don’t think those six have the chops so to speak. I will tell you, I spoke with larry fink recently. I asked him if he wanted the he said no way. He’s running a big firm. BLACKROCK is the biggest money management firm. If they went to him, I wonder if he would say no. Remember, larry wanted to run he went up for that job. In my book I talk about that, this sort of process of picking john thain who eventually became the ceo. At one point fipgnk was actually promised the job right before they gave it to thain. All but promised, and then they gave it to thain. Which was an interesting turn of events for larry. BLACKROCK now is a very big I don’t know how he jumps from there to here, but I tell you there is growing, growing chorus from investors and analysts to get someone outside of note, of experience, someone like the guy that runs bank of new york is another name I keep hearing. His last name is kelly. Can’t remember his first name. But these are the names I have been hearing lately. >> all right. Fresh set of eyes is what you’re thank you, charlie. …” – BLK on Power Lunch
7:19:20 AM BLK $206.93 BlackRock, Inc.
4 days ago (10/05)
“…the unprecedented circumstances in which they were made." PPIP to swell to $12.27B. The Treasury will announce today that AllianceBernstein (AB), BLACKROCK (BLK) and Wellington Management have raised a combined $1.94B to participate in government’s scheme to soak up toxic assets from banks, known as PPIP. For their efforts, the Treasury will match the $1.94B dollar for dollar, and provide debt financing to double that, bringing their total …” – BLK on Seeking Alpha Wall St Breakfast
4:43:01 PM BLK $208.80 BlackRock, Inc.
8 days ago (10/01)
“…In june, BLACKROCK issued a deal to acquire barclays global a week ago european regulators gave the green light to the deal and the woman overseeing the deal is joining me now, sue wagner and founding member of BLACKROCK. Just last month she was named one of the 50 most powerful women by "forbes" and "cranes new york business." I saw you at the more tune most powerful woman summit of "fortune" magazine. Nice to have you on the program. >> thank you, maria. >> you are overseeing the integration of these two firms. How is it going and tell me what you’ve been dealing with closely. >> first of all, I think it’s going really well. I think the teams are working great together. The challenge of an integration at this stage before we close is mostly about everybody learning more about each other, being good listeners, beginning to think about how we come together to best serve our combined clients. And ensure we provide sort of a smooth transition, a seamless transition for those clients as we bring together disparrate views. >> people say the most important thing when do you a deal is you’ve got the culture of barclays and BLACKROCK. How do those cultures different and how do you get them in sync? >> I think that is a long it happens over the course of two years. I think the cultures have a lot of similarities. We are both deeply committed to focusing on our clients, to delivering the best investment products possible to our using disciplined investment processes. We are both very committed to risk management. I think there are differences we approached the markets differently in the past, and so I think there are some difference necessary our cultures that relate to that approach that have grown out of those approaches. Bgi using more of a scientific or model-driven approach. Overall, think we are going to bring these companies together in a way that features in some respects the best of both organizations and ability to bring different views together to try to create more robust solutions for clients going …” – BLK on Closing Bell
4:38:28 PM BLK $208.80 BlackRock, Inc.
8 days ago (10/01)
“…Dropping off, the demand dropped off. We are in what I call a temporary oversupply situation in natural gas. >> marvin great to have you on the program again. Thanks for spending the time. Marvin odum here. Up next, we are talking to BLACKROCK’s coo. We’ll talk about the status of the acquisition of barclays stay with us. When i’m ready to trade, i’m ready to trade.Tdd#: 1-800-345-2550i want everything right where I can find it.Tdd#: 1-800-345-2550 trading easier.Tdd#: 1-800-345-2550 I want to be right in the middle of the action–tdd#: 1-800-345-2550 you know– I have to see what’s going on.Tdd#: 1-800-345-2550 and when I pull the trigger…Tdd#: 1-800-345-2550 …I’ve got to get the best price out there.Tdd#: 1-800-345-2550 (announcer)try the new schwab.Comtdd#: 1-800-345-2550 for yourself.Tdd#: 1-800-345-2550 1-888-4schwabtdd#: 1-800-345-2550 schwab.Com/trader ‘course a trade doesn’t always work out my way.Tdd#: 1-800-345-2550 but when it does…Tdd#: 1-800-345-2550 …Man… Do I …” – BLK on Closing Bell
4:30:32 PM BLK $209.00 BlackRock, Inc.
8 days ago (10/01)
“…That’s what we need. >> you think we need financial reform? >> we definitely need financial reform. >> thank you for having me we appreciate it and thank you for joining us on the program. Larry fink, chairman and ceo of BLACKROCK, celebrating ten years a real stes story. Marvin odum telling us where he thinks oil prices are headed and he thinks president obama’s cap-and-trade will hurt the energy industry. …” – BLK on Closing Bell
4:28:44 PM BLK $209.00 BlackRock, Inc.
8 days ago (10/01)
“…Correction in the market. >> you had a fantastic ten was it "fortune" magazine who called you the king of wall >> I don’t remember. >> sure you don’t. Where did the growth come at BLACKROCK the next ten years. Let’s take five. Where is the growth coming from? >> we are positioned quite well for growth. I believe a great amount of growth is going to be coming from overseas. We are talking about china, brazil, the indian markets that are going to have faster growth than our market. That means greater savings, that means greater, a faster growth in their middle class area of savings will be larger. So we expect opportunities overseas to be very robust over the next five years. We believe retirement in the united states is going to have to be addressed very importantly. Most americans do not have enough money saved in >> what about the financial services industry as a sector? Are we talking about a smaller industry with less leverage or …” – BLK on Closing Bell
4:17:43 PM BLK $208.80 BlackRock, Inc.
8 days ago (10/01)
“…Company’s m&a strategy. It’s been ten years since the ipo of this company. Here is a shot of larry fink making his first-ever trade of BLACKROCK stock. The hops for themichelob brewing company. There are hundreds in the hallertau region so it’s important to know all those growers. We go with them and they tell us, you know, this spot has the best quality hops. They tell me, you know, willy, those hops are for you. The dunkel weisse, pale ale, amberbock are great beers, but it takes great hops so we get the first pick and everybody else is getting the rest. [ male announcer ] behind the michelob family michelob.Crafting a better beer. …” – BLK on Closing Bell
4:13:26 PM BLK $208.80 BlackRock, Inc.
8 days ago (10/01)
“…Periods of time where people are going to run into the dollar and periods of time people will be diminishing their role of the I think it will be in a trading range. I’m not worried about a collapse. >> we’ll talk more about your you started BLACKROCK in a one-room office on park avenue, I know. We are going to go back to that day and also tell our audience where you see the firm going forward. Cnbc reporting ge is in talks of comcast about a spin-off of nbc universal. >> thanks. As we first were reporting, ge and comcast are in talks about a deal that would transfer control of nbc universal to comcast by merging with the content assets of comcast and a good deal of the deal under consideration would allow comcast to take 51% economic control of nbc universal, which people close to negotiations tell me is currently being valued at roughly $30 billion. That could change as the two sides continue to negotiate. The perspective deal is complex. It is far from a certainty. Under the scenario being contemplated, ge would spin nbc universal with a significant …” – BLK on Closing Bell
4:07:04 PM BLK $208.80 BlackRock, Inc.
8 days ago (10/01)
“…The stock has done certainly relative to the rest it is up 32% versus an s&p 500 that is flat in a ten-year the stock has advanced more than 1600% overall. We are back with larry fink, chairman and ceo of BLACKROCK. In a moment, we will talk with bob doll, vice chairman and for equities here at BLACKROCK. Larry, you are about to complete the deal with barclays for bgi. Why was that acquisition so par? Tell me what it gives the firm so you can give me a sense where BLACKROCK goes next. >> if I had, if I was asked and I was asked numerous times what are the few firms I really expected, bgi was always on that it was a great organization, great culture, a great history with investors, and it also had the leading platform of etfs called ishares with about 48% market share in the fastest-growing component of the mutual fund area. You put together its strength in equities, its unique position in indexing and lending, it has given us a much broader base to work with our clients worldwide. I do believe, as we discussed earlier about liquidity, one important component of liquidity going forward, we are going to see investors spending a little more time, larger allocations in more beta-like products which are index and ishares business. The other thing I find …” – BLK on Closing Bell
4:01:03 PM BLK $208.80 BlackRock, Inc.
8 days ago (10/01)
“…We saw a lot of stocks move to the down side here. Stocks up when the dollar drops and the other way around. Big commodity stocks were notably weaker today. We’ll be ringing the closing bell here. Larry fink and the BLACKROCK executives are ringing the symbolic closing bell on the tenth anniversary of their company going public. And there is the closing bell. >>> it is 4:00 on wall street. Do you know where your money is? Welcome to "the closing bell." i’m maria bartiromo coming to you live from the trading floor of block rock in new york city. Is now the time to put money to work in this market? We are kicking off our weekly series "exchange" where we tell you what’s going on on those floors in terms of money larry fink is with us addressing all the issues facing the economy and your investment. 4:00 on the street. Dow jones industrial average under pressure all day on the …” – BLK on Closing Bell
3:52:55 PM BLK $209.67 BlackRock, Inc.
8 days ago (10/01)
“…It is no secret the markets have seen a huge rebound hitting their lows back in march. And stock prices moved higher, and so has demand for risk among to give us a truly global perspective and shed light on BLACKROCK’s clients and what they are doing is block rock’s vice chairman and head of the firm’s account management group. Do you see people once again having the appetite for risk? >> I think we have a fantastic this question. If you think about BLACKROCK present in all the markets around the world, both retail and institutional clients, pension funds, wealth funds, what we’ve seen is absolutely this being the moving away from rickless assets, capital preservation, types of investments into equities, into high-risk fixed income. >> for a long time people were investing in, for example, private equity and doing lots of we’ve seen that kind of risk being taken again? >> that risk is — >> not so soon. >> creeping back. We are seeing some movement particularly in hedge funds. As you know, we’ve seen some of the world’s leading hedge funds …” – BLK on Closing Bell
3:46:02 PM BLK $210.11 BlackRock, Inc.
8 days ago (10/01)
“…>> this fund has done incredibly >> it’s been one of the fastest growing mutual funds in america. Under dennis and his team’s wing, three years ago when dennis became part of BLACKROCK, the team managed about $23 billion and today the team is managing $54 billion. >> the convertible, is that still a story working today? How have things changed given the run-up we’ve seen in the market since the lows in march. >> we think convertibles are still a good place to be as a balance of risk and reward, compared to either stocks or they are not the give-away they were last autumn when the convert arbitrage hedge funds were liquidating, but we think they offer good value today. If we get into a period where we have a less robust equity market, we can still get paid from the fixed income side. If the equity market continues to do well, we’ll participate with converts. Is where the growth in terms of geography? Larry, you are traveling all the is this part of what you are doing to see which companies are doing best or which geographies are growing versus not growing in terms of investing? …” – BLK on Closing Bell
3:23:25 PM BLK $210.21 BlackRock, Inc.
8 days ago (10/01)
“…We are going to take a short break. Charley gasparino yesterday broke the news ken lewis will step down by the end of the year. He will be back after the break. First today is the tenth anniversary of block rock’s ipo. Here is a shot of larry fink and the rest of the BLACKROCK executives ringing the opening bell october 1st, 1999. 1.2 million people are on sprint mobile broadband.31 are streaming a sales conference from the road.Eight are wearing bathrobes. Two… Less. -154 people are tracking shipments on a train. -( train whistles )33 are im’ing on a ferry.And 1300 are secretly checking email…-on a vacation. – hmm? ( groans )that’s happening now. America’s most dependable3g network.Bringing you the first and only wireless 4g network.Sprint. The now network.Deaf, hard of hearing and people with speech disabilitiesaccess www.Sprintrelay.Com. 100 years of engineering it’s gmc truck month. Shop sierra 1500 slt with the it’s the most powerful half ton v8 in its class. Step up to the best. Get 0% apr for 60 months on 2009 gmc sierra or get $6,000 …” – BLK on Closing Bell
3:19:09 PM BLK $210.09 BlackRock, Inc.
8 days ago (10/01)
“…. we are joined by scott amare here at BLACKROCK. Nice to have you on the program. Thanks for joining us. You want to tell us what’s going on around us? Welcome to the BLACKROCK fixed income trading floor. I know you’ve been to the new york stock exchange. This is different. We are an investment manager. It’s an investment management you don’t see a lot of people jumping up and down, yelling and screaming and a lot of activity, trades being done across the >> actually, you don’t see that at the new york stock exchange anymore, for different reasons. You see people — there are two groups of people on the floor. People on a portfolio team and they are thinking about top down investment themes, portfolio they talk to clients a lot. There are people on investment teams, corporate bonds, u.S. Rates, high yield, and they are thinking about they are doing research and doing execution of trading and they own the bottom >> I want to ask you when you see on a day when the bond market is strong and you see a nice rally going on like today, what do you do in that case? Give me your sense, the sense of the day. …” – BLK on Closing Bell
3:15:18 PM BLK $210.34 BlackRock, Inc.
8 days ago (10/01)
“…They are looking to ask us solutions how to set up their portfolios going forward to take advantage of this opportunity. Then again, get good returns, but protect their principle. >> we’ll leave it there. We’ll take a short break and we are thrilled to be here at the BLACKROCK trading floor with larry fink the next two hours. We have about 45 minutes before the closing bell sounds for the day and the dow jones up next, we’ll ask the man who oversees more than $500 billion in traditional fixed income how he sees the market. And we’ll talk to marvin odum. National car rental knows i’m picky.So, at national, I go and you get to choose any car in the aisle. Choose any car? You cannot be serious! Seriously,you choose.Okay. Go national. Go like a pro. …” – BLK on Closing Bell
3:11:05 PM BLK $210.49 BlackRock, Inc.
8 days ago (10/01)
“…How are you looking at the environment right now after a market that has been up as much as it’s been up? And you are seeing the volume, obviously, active. What can you tell us about what >> I look at everything as we do at BLACKROCK through a client’s eyes. A client never remembers when they made money, but they remember every single time they our job is to protect their principle and get them value in the marketplace today. We do that from being on top of the markets. We do that from bringing them BLACKROCK was the first to bring the technology of the sell side to the buy side of the market. Today we act as a steward for over $7 trillion, actually, of assets we advise. And $1.5 billion or $1.5 trillion of assets we actually through our acquisition of bgi, it will be $3 trillion of assets. It’s a very big responsibility, but it’s always focused on the client as to what value can we bring that particular client. Clients today used to have 20 different managers, the big institutional clients. If they didn’t work, they are looking for clients that have a broader, a firm that has a broader plate of products. They are looking for a firm that and they are looking for firms that are bringing them solutions to their problems. So that said, we really have focused all our efforts around the firm. The other thing interesting about block rock, we are only in one business. We are in the asset managing business. So every day, everyone out here and we hope you’ll walk around …” – BLK on Closing Bell
3:09:00 PM BLK $210.82 BlackRock, Inc.
8 days ago (10/01)
“…Huge return for investors. Talking about a 1600% return since then. Annualized 32% a year. How has the financial landscape changed in the past decade and where is BLACKROCK seeing opportunities now? I’m joined with larry fink, ceo of BLACKROCK and our guest host and robert capito. Thank you for having us here at your trading floor. >> welcome, welcome. Congratulations to you. We have seen so much. Things have changed. Tell us. >> well, when we went public, we went public during the dot-com we were a boring dot. No one wanted to buy it. >> you were BLACKROCK.Com. We continued to perform for most importantly because we continued to perform for our so we did quite well. Much has changed. I think the whole landscape has changed certainly in the last it accelerated with the changes in our security industry and the banking industry. Before that we were starting to see that change of companies, small companies were becoming large like BLACKROCK. The expansion of wall street and the power of wall street. It went from a cottage industry in the 1970s to a major now we are trying to be restabilized. Lots have happened. I think the most important trend is globalization. Cnbc spends as much time talking about global markets today as it does domestic markets. We are talking about not just stocks, we are talking about commodities, talking about so the expansion of our capital markets worldwide are huge. The growth of the global capital markets are probably the fundamental changes. >> we’ve got a lot of time to talk about what’s going on here and how the environment feels to you right now, which I want to get into, but here we are on the fixed income or one of the fixed incomes in trading for us. Tell us what goes on here. >> you have 78 portfolio what they are doing is acting as …” – BLK on Closing Bell
3:01:51 PM BLK $212.18 BlackRock, Inc.
8 days ago (10/01)
“…Hour of trading. Wall street kicking off the fourth quarter on a down note. We see losses on the heels of manufacturing reports today. We are entering the final and most important hour of trading today. Welcome to "the closing bell" i’m maria bartiromo coming to you live from BLACKROCK’s trading floor. It is an unprecedented opportunity and how we are kicking off our weekly series "exchange," where we go to the top floors on "wall street journal." larry fink will join me the next two hours breaking down the keys on wall street as well as rob capito. Let’s look where we are here as we enter the final stretch. Take a look at the markness. We have seen weakness across the dow jones industrial average down 148 on the session, about 1.50%. A steady scenario for much of the day today. Now at 9,560 on the blue chip check the nasdaq and we are seeing losses. Substantial actually on the nasdaq, given the big run-up in technology year-to-date. The nasdaq chart, a decline better than 50 points on the 52 points lower on the nasdaq, 2.5% on the day. …” – BLK on Closing Bell
2:46:41 PM BLK $212.60 BlackRock, Inc.
8 days ago (10/01)
“…does seem to be ending, and there’s a ton of cash on the sidelines getting a zero percent return,” Robert Doll, chief investment officer at BLACKROCK, told USA Today. On the one hand, it’s true. (Although, it doesn’t seem like tons of money is swooping in stop the sell off we’re seeing today.) There’s a lot of cash in measly money market mutual funds. Since assets in such funds reached an all-time high at $3.849 trillion in early …” – BLK on WSJ Marketbeat
2:35:58 PM BLK $212.51 BlackRock, Inc.
8 days ago (10/01)
“…To: BLACKROCK Employees Subject: CNBC Filming Live Today at 40 East 52nd Street To mark the 10th anniversary of BLACKROCK’s initial public offering on the New York Stock Exchange, CNBC will broadcast a special edition of its "Closing Bell" program today, live from BLACKROCK’s 5th floor at 40 East 52nd Street. The program will include interviews with BLACKROCK executives on the firm’s history, market commentary and client and investment trends. Sponsored Topics: New York Stock Exchange – BLACKROCK – Business – Initial public offering – …” – BLK on Deal Breaker
1:02:31 PM BLK $212.71 BlackRock, Inc.
8 days ago (10/01)
“…Global Banking & Markets, and Sallie Krawcheck, wealth management chief, in addition to those not currently taking up desk space in the building– BLACKROCK’s Larry Fink and former Merrill President Greg Fleming. But we’ve yet to seen a short list of wildcards. Since the board was taken completely by surprised to hear that Lewis was bailing, and unlike JPM, has no succession plan in place, they’re said to be seeking suggestions from just …” – BLK on Deal Breaker
5:59:05 PM BLK $214.12 BlackRock, Inc.
10 days ago (09/29)
“…on the 18th. But he appears to be the only Wall Street-type who was in contact with Paulson until Larry Fink, head of the private investment firm BLACKROCK, called at 12:40 p.m. By then the stock market was going down again. But the decline wouldn’t last long. Stocks began a miraculous recovery at 1 p.m. on Sept. 18, when rumors started to spread that Paulson was considering a "government entity to bail out troubled banks" and that a …” – BLK on Zero Hedge
12:37:52 PM BLK $216.81 BlackRock, Inc.
16 days ago (09/23)
“…1% either way on each of those last but not least, take a look these are the names. Turned it around but earlier today we talked about upgrade. BLACKROCK, they saw an upgrade. G. G., those are some of the names that got upgrades from the analysts. Last but not least I wanted to give you a look at the holiday jobs. They are looking scarce. The pessimism is growing for the retailers. A survey they expect to hire fewer holiday season workers than they did last year. About 40% of the stores surveyed, and this includes best buy, american eagle outfitters and saks, they plan to hire between 5 and 25% fewer workers. Names that said they would hire approximately the same, macy’s you see some of these retailers are going to cut back on temporary workers right at the time when we need more jobs. >> cheryl: nicole, we’re going from lower manhattan, head north to time square. Shibani joshi over at the >> hi there, cheryl. A lot of sideways trading going …” – BLK on Fox Business
11:57:08 AM BLK $204.70 BlackRock, Inc.
22 days ago (09/17)
“…the lawsuit would effect all rent controlled apartments in New York City.Somehow the army of investment bankers and lawyers representing Tishman, BLACKROCK (NYSE:BLK), SL Green and the Government of Singapore et al missed this little detail during their diligence. It would be kind of hard for us to believe that a bunch of smart people like Tishman and our friends at BLACKROCK would overpay by $2 billion for Stuyvesant Town and Peter Cooper Village just so they could gamble on a high-profile litigation on one of the most politically charged issues in New York City, namely rent controlled apartments. News reports say that the massive housing project could be in …” – BLK on Zero Hedge
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Key Fundamentals

BLK – BlackRock, Incorporated Fundamentals
Price (10/9 4:01PM) $216.55
Volume (10/9 4:01PM) 321,251
Last Close Price $213.86
10 Day Average Volume 375,300
13 Week Price Range $165.56 – $220.17
52 Week Price Range $88.91 – $220.17
LTM Revenue $3.8 Billion
Shares Outstanding (12/2008) 50.9 Million
Market Capitalization $10.9 Billion
Shares Held By Institutions 47.3 Million
Institutional Holders 373
% Shares Held By Institutions 92.90%
Earnings Per Share (EPS) $5.91
P/E Ratio 50.30
Book Value Per Share $250.22
Gross Margin n/a%
Annual Dividend 3.12
Dividend Yield 1.50%
Beta 1.63
Fiscal Year Ends December

About BlackRock, Inc.

BlackRock, Incorporated is considered to operate in the Financial sector. They specifically operate in the Asset Management business segment contained within the Financial Services industry.

The Company provides investment management services to institutional clients and to individual investors through various investment vehicles.