BlackRock, Inc. (NYSE:BLK)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group LLC in a research note issued to investors on Wednesday. They presently have a $387.00 price objective on the asset manager’s stock. Jefferies Group LLC’s price objective would suggest a potential downside of 1.10% from the company’s previous close.

A number of other analysts have also weighed in on BLK. Barclays PLC cut their price objective on BlackRock from $411.00 to $396.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 17th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of BlackRock in a research report on Tuesday, January 17th. Citigroup Inc upped their price objective on BlackRock from $425.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, January 25th. JPMorgan Chase & Co. reissued a “buy” rating on shares of BlackRock in a report on Wednesday, March 8th. Finally, Morgan Stanley reissued a “buy” rating on shares of BlackRock in a report on Saturday, March 18th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $410.70.

Analyst Recommendations for BlackRock (NYSE:BLK)

Shares of BlackRock (NYSE:BLK) traded down 1.35% during mid-day trading on Wednesday, reaching $386.01. The company’s stock had a trading volume of 239,196 shares. The stock has a 50 day moving average of $383.62 and a 200-day moving average of $380.17. BlackRock has a one year low of $317.60 and a one year high of $399.46. The stock has a market cap of $62.87 billion, a P/E ratio of 18.96 and a beta of 1.72.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, April 19th. The asset manager reported $5.25 earnings per share for the quarter, topping analysts’ consensus estimates of $4.94 by $0.31. BlackRock had a return on equity of 11.20% and a net margin of 28.44%. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the company earned $4.25 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. On average, equities research analysts expect that BlackRock will post $21.65 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in BLK. Garde Capital Inc. bought a new position in BlackRock during the third quarter valued at about $900,000. Dumont & Blake Investment Advisors LLC increased its position in BlackRock by 0.8% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 6,543 shares of the asset manager’s stock valued at $2,372,000 after buying an additional 55 shares in the last quarter. Aperio Group LLC increased its position in BlackRock by 1.0% in the third quarter. Aperio Group LLC now owns 63,546 shares of the asset manager’s stock valued at $23,033,000 after buying an additional 657 shares in the last quarter. Boys Arnold & Co. Inc. increased its position in BlackRock by 8.2% in the third quarter. Boys Arnold & Co. Inc. now owns 660 shares of the asset manager’s stock valued at $239,000 after buying an additional 50 shares in the last quarter. Finally, Becker Capital Management Inc. increased its position in BlackRock by 1.4% in the third quarter. Becker Capital Management Inc. now owns 85,851 shares of the asset manager’s stock valued at $31,118,000 after buying an additional 1,206 shares in the last quarter. Institutional investors own 80.82% of the company’s stock.

BlackRock Company Profile

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.

5 Day Chart for NYSE:BLK

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