BlackRock, Inc. (NYSE:BLK) has received an average recommendation of “Hold” from the thirteen ratings firms that are covering the stock. Seven investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $410.33.
BLK has been the topic of several analyst reports. Deutsche Bank AG upped their price target on shares of BlackRock from $447.00 to $449.00 and gave the company a “buy” rating in a report on Thursday, April 6th. Credit Suisse Group AG reiterated a “buy” rating on shares of BlackRock in a report on Tuesday, January 17th. Jefferies Group LLC reiterated a “hold” rating and set a $383.00 price target on shares of BlackRock in a report on Wednesday, January 11th. Morgan Stanley reiterated a “buy” rating on shares of BlackRock in a report on Saturday, March 18th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of BlackRock in a report on Wednesday, March 8th.
In other BlackRock news, COO Robert L. Goldstein sold 10,374 shares of the firm’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $377.31, for a total value of $3,914,213.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider J. Richard Kushel sold 8,573 shares of the firm’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $374.92, for a total transaction of $3,214,189.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,614 shares of company stock valued at $10,014,028. Corporate insiders own 2.20% of the company’s stock.
Shares of BlackRock (NYSE:BLK) traded down 0.93% during trading on Thursday, hitting $378.06. The stock had a trading volume of 493,845 shares. BlackRock has a 1-year low of $317.60 and a 1-year high of $399.46. The firm’s 50 day moving average is $382.19 and its 200 day moving average is $375.43. The company has a market cap of $61.67 billion, a PE ratio of 19.86 and a beta of 1.72.
BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, April 19th. The asset manager reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.94 by $0.31. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.86 billion. BlackRock had a net margin of 28.44% and a return on equity of 11.20%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $4.25 EPS. Equities research analysts anticipate that BlackRock will post $21.39 EPS for the current fiscal year.
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About BlackRock
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
