BlackRock is among the world’s largest asset management companies. Founded in 1988 and headquartered in New York, this financial institution had more than $10 trillion under its control in January 2022. BlackRock was founded by a group of financial experts that included Larry Fink, Robert S. Kapito and Susan Wagner. Fink specifically had suffered the consequences of poor risk management practices and wanted to use this experience to set new standards with BlackRock. By 1989, BlackRock was profitable, and its assets had quadrupled to $2.7 billion.
Exponential growth continued over the next decade and, in 1999, BlackRock shares went on sale to the public. This started a period of public investment, organic growth and acquisitions. Today, BlackRock has significant investments across a variety of industries, including coal, oil and gas. Its position within the energy sector has made BlackRock a leader in environmental, social and corporate governance (ESG).
The BlackRock (NYSE: BLK) share price history goes back to 1999 when the company went public. BlackRock shares were initially listed on the New York Stock Exchange at $14. There haven’t been any notable BlackRock stock splits as of 2022.
BlackRock stock hit $939.94 on November 12, 2021, which was a record high. That’s 6,613% higher than BlackRock’s IPO share price. Based on the BlackRock share price history, the average price in 2022 was $700.79. This 52-week average represents a 4,900% increase on the initial BlackRock stock price of $14.
Why trade BlackRock stock when there are other options? BlackRock stock has traditionally generated a lot of trading activity. With annual revenue exceeding $19 billion and interest in dozens of industries, it’s among the leading financial investment and risk management companies in the world. However, it’s not the only financial company you can trade shares in at Skilling. Vanguard and State Street are also major names in the risk management sector. In fact, between these two companies and BlackRock, there is more than $15 trillion worth of assets under management. This figure is equivalent to over 75% of the US gross domestic product.
The sheer size of these companies makes them important to all aspects of the financial world, including trading. So, if you’re looking to trade shares in financial companies such as Skilling, BlackRock is a viable option. You may also want to take positions on Vanguard and State Street to create a diversified portfolio.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
What are the key drivers affecting Blackrock's stock price?
The key drivers affecting Blackrock's stock price involve several factors, including changes in the macroeconomic environment, changes in interest rates, and changes in the company’s own performance.
The macroeconomic environment is a major factor affecting BlackRock’s stock price. This includes economic indicators such as GDP growth, inflation, unemployment, and consumer confidence. If the economy is doing well, this could increase demand for BlackRock’s financial products, positively affecting the company’s stock price.
Changes in interest rates can also have a major effect on BlackRock’s stock price. Interest rates can impact the demand for BlackRock’s financial products, and changes in interest rates will affect the cost of borrowing money to operate its business.
Who owns most Blackrock shares?
Blackrock is a publicly traded company, which means that its shares are owned by many different people and entities. As of March 2023, the largest shareholder of Blackrock is The Vanguard Group, with a 9.04% ownership stake. Following closely behind is State Street Corp at 4.21%, and Bank of America at 3.45%. The remaining of Blackrock’s shares are held by a variety of other institutional investors, as well as individual and retail shareholders.
Do Blackrock shares pay dividends?
Blackrock shares do pay a dividend, however, the yield is currently at 3.02%, while the Price/Earnings Ratio (P/E) stands at 20.55. The dividend yield is lower than the average for stocks in the S&P 500 index, which stands at 1.90%. Nonetheless, investors may still find Blackrock's dividends attractive due to its strong market performance and relatively low P/E ratio.
Investors should keep in mind, however, that dividend yields can vary widely over time; it is therefore important to monitor the financial performance of Blackrock and its dividend payments on a regular basis. Additionally, investors should be aware of any changes in dividends or other factors which may impact Blackrock's payout prospects. Ultimately, whether or not to invest in Blackrock based on its dividends is an individual decision that should be made after careful consideration of the company's financials and outlook.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.