BlackRock, Inc. (NYSE:BLK) insider Mark Mccombe sold 2,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $520.64, for a total transaction of $1,041,280.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of BlackRock, Inc. (NYSE:BLK) traded down $4.11 during midday trading on Tuesday, reaching $521.27. 516,598 shares of the company traded hands, compared to its average volume of 734,500. BlackRock, Inc. has a twelve month low of $368.00 and a twelve month high of $594.52. The company has a market cap of $83,987.10, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.89 and a current ratio of 2.89.
BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.94 by $0.30. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. The business had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the firm earned $5.14 EPS. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. equities analysts predict that BlackRock, Inc. will post 28.52 EPS for the current fiscal year.
A number of research firms have recently issued reports on BLK. Zacks Investment Research raised shares of BlackRock from a “hold” rating to a “strong-buy” rating and set a $614.00 price objective on the stock in a research report on Thursday, January 11th. Jefferies Group increased their price objective on shares of BlackRock to $565.00 and gave the stock a “hold” rating in a research report on Monday, January 15th. Citigroup increased their price objective on shares of BlackRock to $625.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Wells Fargo & Co reissued a “market perform” rating and set a $555.00 price objective (up previously from $535.00) on shares of BlackRock in a research report on Tuesday, January 16th. Finally, Credit Suisse Group reissued a “buy” rating and set a $680.00 price objective on shares of BlackRock in a research report on Friday, January 12th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $547.92.
A number of hedge funds and other institutional investors have recently made changes to their positions in BLK. Invictus RG purchased a new stake in BlackRock in the 3rd quarter valued at about $110,000. Sumitomo Mitsui Financial Group Inc. increased its stake in BlackRock by 1,119.2% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 317 shares of the asset manager’s stock valued at $141,000 after buying an additional 291 shares during the last quarter. Assetmark Inc. increased its stake in BlackRock by 57.1% in the 4th quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock valued at $143,000 after buying an additional 101 shares during the last quarter. Oakworth Capital Inc. increased its stake in BlackRock by 67.6% in the 4th quarter. Oakworth Capital Inc. now owns 305 shares of the asset manager’s stock valued at $153,000 after buying an additional 123 shares during the last quarter. Finally, Manchester Capital Management LLC purchased a new stake in BlackRock in the 3rd quarter valued at about $156,000. 83.15% of the stock is currently owned by institutional investors and hedge funds.
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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.
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