BlackRock Inc. (BLK) Dips 3.07% for October 02

Equities Staff  |

Among the S&P 500’s biggest fallers on Wednesday October 02 was BlackRock Inc. (BLK). The stock experienced a 3.07% decline to $420.36 with 743,203 shares changing hands.

BlackRock Inc. started at an opening price of 428.50 and hit a high of $429.33 and a low of $417.47. Ultimately, the stock took a hit and finished the day at $13.33 per share. BlackRock Inc. trades an average of n/a shares a day out of a total 155.4 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. BlackRock Inc. hit a high of $487.45 and a low of $360.79 over the last year.

BlackRock is the largest asset manager in the world, with $6.515 trillion in AUM at the end of March 2019. Product mix is fairly diverse, with 52% of the firm's managed assets in equity strategies, 12% in fixed income, 8% in multi-asset class, 7% in money market funds, and 2% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's iShares ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for just over 80% of total AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the United States and Canada.

With its headquarters located in New York, NY, BlackRock Inc. employs 16,000 people. After today’s trading, the company’s market cap has fallen to $65.32 billion, a P/S of n/a, a P/B of 2.05, and a P/FCF of n/a.

Still paying commissions on stock trades? Equities.com now offers $7.99/month unlimited trading and flat-fee options trading for $89.99/month! Get started today by https://www.equities.com/trading-start

For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on BlackRock Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: BLK’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

World Economic Forum at Davos 2019 - Joseph Weinberg CEO PayCase, Chairman Shyft

Matt Bird sits down with Joseph Weinberg CEO PayCase, Chairman Shyft at the World Economic Forum at Davos 2019