The company's Q1 2022 report
New York-based BlackRock (NYSE: BLK) today released its Q1 2022 earnings results report.
As for the company's stock, it opened on the plus side in today's trading. However, BlackRock shares have fallen by -3.56% over the last five days. Also, the highest price per share was US$750.36 and the lowest was US$712.20 in the last five days.
The company has a 52-week high of $973.16 and a 52-week low of $660.15.
The company has a market capitalisation of USD 109.27 billion.
Report from the investment company
In its report, BlackRock reported a 7% increase in revenues thanks to organic growth and an 11% increase in revenue from technology services.
Total net flows are US$ 86 billion for Q1 2022.
The company also reported a 14% increase in operating income.
Share repurchases of $500 million for the quarter and an 18% increase in the quarterly cash dividend to $4.88 per share.
The report said quarterly long-term net inflows of $114 billion reflect the strength of the broad platform with positive flows across all product types, investment styles and regions.
The 20% year-over-year increase in diluted earnings per share (adjusted for 18%) also reflects a lower effective tax rate and fewer diluted shares, partially offset by lower non-operating income in the current quarter.
BlackRock was founded in 1988 and is headquartered in New York.
Also worth noting are the company's employees such as:
Laurence Fink - Chairman and CEO;
Rob Kapito - President;
Dalia Osman - Head of External Affairs;
Sandy Boss - Global Head of Investment Stewardship;
Edwin Conway - Global Head of BlackRock Alternative Investors;
Frank Cooper - Chief Marketing Officer;
Robert Fairbairn - Vice Chairman;
Rob Goldstein - COO and Global Head of BlackRock Solutions;
Philipp Hildebrand - Vice Chairman;
Mark McCombe - Chief Client Officer;
Christopher Meade - CLO;
Gary Shedlin - CFO;
Derek Stein - Global Head of Technology and Operations.