BlackRock stock: buy or sell?
Updated on:
February 14th, 2020
5
BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.
Should I buy BlackRock stock?
Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.These 2 buy setups are elegible for BlackRock stock right now:
| Buy setup | Elegible |
|---|---|
| New all-time high | Yes |
| New 52 week high | Yes |
| Price crossing up 200d MA | No |
| 100d MA crossing up 200d MA | No |
Is BlackRock stock a buy?
Financial institutions and banks publish stock ratings everyday.
Unfortunately, we couldn't find any rating for BLK stock for the last 30 days.BlackRock stock analysis
Daily outlook
After marking all time highs on Wednesday, BlackRock declined -0.46% on Feb 14th to $565.94.
BlackRock declined -0.46% to $565.94 after marking all time highs on Wednesday. From a daily perspective, BLK is in a short term uptrend after plotting its last bottom ($519.61, on January/27) higher than the previous bottom, and its last top ($576.81, on Wednesday) also over the previous top. Now trading in between its last bottom and last top BLK might consolidate in a plain range, waiting to break out over $576.81 or down under $519.61. Since last October when BLK stock price broke up the SMA200d line, it gained $148.41 (35.54%). On November, SMA50d and SMA100d crossed up triggering a rise of 17.05%. On Wednesday, BLK hit new all time highs, pushing higher previous ATH of $571.31 recorded on Tuesday. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
Weekly outlook
BlackRock peaked new all time highs back again this week, marking to $576.81. Shares ended at $565.94 and appreciated 1.84% during the week. Last week BLK climbed a cool 5.11% in just one week.
BLK shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom early December, BLK climbed unceasignly breaking out to new all time highs. By mid October 2019 BLK price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since early May 2019 when SMA20w and SMA40w crossed up, BLK price gained $94.13 per share (19.95%).
BlackRock stock price history
BlackRock IPO was on October 1st, 1999 at $9.60 per share1. Since then, BLK stock surged a 5,795.20%, with a yearly average of 289.80%. If you had invested right after BLK's IPO a $1,000 in BlackRock stock in 1999, it would worth $57,952.00 today.
1: Adjusted price after possible price splits or reverse-splits.
BlackRock stock historical price chart
BLK stock reached all-time highs on Wednesday with a price of $576.81.
BlackRock stock price target
How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not detected any price prediction for BlackRock stock by any trusted analyst.Financials and fundamental analysis
Earnings date and Earnings per Share
After presenting its last earnings report on April, BlackRock . Unfortunately, reported EPS is not yet available in our database.| Quarter | Reporting date | Estimated EPS | Actual EPS | Surprise |
|---|---|---|---|---|
| 2017-Q2 | - | n/a | 5.2 | n/a |
| 2017-Q3 | 2017-10-11 | 5.56 | 5.92 | 6.5% |
| 2017-Q4 | 2018-01-12 | 6.02 | 6.24 | 3.7% |
| 2018-Q1 | 2018-04-12 | 6.41 | 6.7 | 4.5% |
| 2018-Q2 | 2018-07-16 | 6.6 | 6.66 | 0.9% |
| 2018-Q3 | 2018-10-16 | 6.93 | 7.52 | 8.5% |
| 2018-Q4 | 2019-01-16 | 6.35 | 6.08 | -4.3% |
| 2019-Q1 | 2019-04-10 | 5.97 | n/a | n/a |
| 2019-Q2 | - | n/a | n/a | n/a |
| 2019-Q3 | - | n/a | n/a | n/a |
Annual financial results
Compared to 2017, last anual sales report draw a good growth of 4.40% to $14,198.00 M USD. In contrast, its income margin (compared to revenues) slipped to 30.32%, that is $4,305.00 million. BlackRock fiscal year ends in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, BlackRock TTM sales up to March 2019 were $13,961.00 and income $4,269.00 M dollars. When comparing this TTM figures with the last reported annuality, we can review BlackRock business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, declined a disappointing -1.67%. Regarding profit margin, BlackRock remained constant 0.26% to 30.32%| Year | Sales | YoY | Income/(margin) | YoY |
|---|---|---|---|---|
| 2013 | $10,490 M | - | $2,930 M27.9% | - |
| 2014 | $11,081 M | 5.63% | $3,294 M29.7% | 12.42% |
| 2015 | $11,401 M | 2.89% | $3,345 M29.3% | 1.55% |
| 2016 | $11,155 M | -2.16% | $3,172 M28.4% | -5.17% |
| 2017 | $13,600 M | 21.92% | $4,952 M36.4% | 56.12% |
| 2018 | $14,198 M | 4.40% | $4,305 M30.3% | -13.07% |
| TTM | $13,961 M | -1.67% | $4,269 M30.6% | -0.84% |
Quarterly financial results
BlackRock posted $3,346.00 million in revenues for 2019-Q1, a -2.56% less compared to previous quarter. Reported quarter income marked $1,053.00 M with a profit margin of 31.47%. Profit margin appreciated a 4.48% compared to previous quarter when profit margin was 26.99%. When comparing revenues to same quarter last year, BlackRock sales marked a tragic loss and eased a -6.61%. Looking back to recent quarterly results, BlackRock posted 3 positive quarters in a row.| Quarter | Sales1 | QoQ2 | Income1/(margin) | QoQ2 |
|---|---|---|---|---|
| 2017-Q2 | $3,000 M | - | $857 M28.6% | - |
| 2017-Q3 | $3,270 M | 9.00% | $947 M29.0% | 10.50% |
| 2017-Q4 | $2,655 M | -18.81% | $2,313 M87.1% | 144.24% |
| 2018-Q1 | $3,583 M | 34.95% | $1,089 M30.4% | -52.92% |
| 2018-Q2 | $3,605 M | 0.61% | $1,073 M29.8% | -1.47% |
| 2018-Q3 | $3,576 M | -0.80% | $1,216 M34.0% | 13.33% |
| 2018-Q4 | $3,434 M | -3.97% | $927 M27.0% | -23.77% |
| 2019-Q1 | $3,346 M | -2.56% | $1,053 M31.5% | 13.59% |
BlackRock ownership
When you are planning to buy shares of a stock, it's always worth to review its ownership structure.Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For BlackRock, 3.78% of all outstanding shares are owned by its staff.
Bearish positions for BLK stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to BlackRock:
| BLK | |
|---|---|
| Market cap | $87.4 B |
| Total shares | 154.4 M |
| Float shares | 118.1 M |
| - Institutional holdings (%) | 84.6% |
| - Insider holdings (%) | 3.8% |
| Shares in short selling | 0.0% |
BlackRock summary
| Friday, February 14th, 2020 | |
|---|---|
| Open | $565.74 |
| Close | $565.94 |
| Day range | $562.71 - $568.92 |
| Previous close | $568.55 |
| Session gain | -0.46% |
| Average true range | $9.75 |
| 50d mov avg | $520.56 |
| 100d mov avg | $489.86 |
| 200d mov avg | $464.89 |
| Daily pattern | lt06a |
| Weekly pattern | lb03c |
BlackRock performance
Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare BlackRock to :| Stock | 3m | 6m | 12m |
|---|---|---|---|
| BLKBlackRock | 16.06% | 36.93% | 35.00% |
BlackRock competitors
Unfortunately, we could not find any public company that could be defined as BlackRock competitor. This doesn't mean BlackRock does not have any competitor in the market, it's just we could not detected it.Latest BlackRock stock news
- InvestorPlaceBlackRock Earnings: BLK Reports Q2 ResultsJuly 19, 2019
- Seeking AlphaBlackrock Gold Positioned For The New Gold Bull MarketJuly 17, 2019
- Seeking AlphaBlackRock Remains The Leader Of The Industry - Shares Are A BuyApril 19, 2019
- InvestorPlaceBlackRock Earnings: BLK Stock Pops on Earnings TopperApril 16, 2019
- Seeking AlphaBlackRock: Diversifying Away From ETFsMarch 26, 2019