BlackRock Inc. (BLK) Rises 3.25% for April 16

Equities Staff  |

Among the biggest risers on the S&P 500 on Tuesday April 16 was BlackRock Inc. ($BLK), popping some 3.25% to a price of $466.54 a share with some 1.03 million shares trading hands.

Starting the day trading at $453.10, BlackRock Inc. reached an intraday high of $466.89 and hit intraday lows of $453.00. Shares gained $14.68 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 155.47 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $360.79 to $557.00.

BlackRock Inc is the largest asset manager in the world, with $5.976 trillion in AUM at the end of 2018. The product mix is fairly diverse, with 51% of the firm's managed assets in equity strategies, 32% 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 both domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for 82% of total AUM. BlackRock is geographically diverse as well, with clients in more than 100 countries and more than one-third of its AUM coming from investors domiciled outside the United States and Canada.

BlackRock Inc. has its corporate headquarters located in New York, NY and employs 14,900 people. Its market cap has now risen to $72.53 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 2.24, and P/FCF n/a.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of BlackRock Inc., check out Stock Valuation Analysis tool for BLK.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

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’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 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:



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