BlackRock (NYSE:BLK) had its price target decreased by Deutsche Bank Aktiengesellschaft from $1,039.00 to $1,008.00 in a research note issued on Thursday, The Fly reports. The brokerage presently has a “buy” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 16.15% from the company’s previous close.
A number of other equities analysts have also weighed in on BLK. Morgan Stanley lifted their price objective on BlackRock from $944.00 to $1,017.00 and gave the company an “overweight” rating in a research note on Friday, July 9th. BMO Capital Markets lifted their price objective on BlackRock from $773.00 to $803.00 and gave the company a “market perform” rating in a research note on Thursday, July 15th. Evercore ISI reiterated a “buy” rating and set a $956.00 price objective on shares of BlackRock in a research note on Friday, October 8th. Jefferies Financial Group lifted their price target on BlackRock from $1,001.00 to $1,075.00 and gave the company a “buy” rating in a research note on Tuesday, August 31st. Finally, UBS Group lifted their price target on BlackRock from $890.00 to $984.00 and gave the company a “buy” rating in a research note on Thursday, July 8th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $952.93.
Shares of BLK stock opened at $867.81 on Thursday. The firm has a market capitalization of $132.08 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 2.40 and a beta of 1.15. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The business has a fifty day moving average of $895.01 and a 200 day moving average of $866.24. BlackRock has a 1 year low of $587.90 and a 1 year high of $959.89.
In related news, General Counsel Christopher J. Meade sold 2,106 shares of BlackRock stock in a transaction dated Tuesday, July 20th. The stock was sold at an average price of $877.24, for a total value of $1,847,467.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.16% of the company’s stock.
A number of hedge funds have recently bought and sold shares of BLK. Silverleafe Capital Partners LLC boosted its holdings in shares of BlackRock by 4.7% during the 3rd quarter. Silverleafe Capital Partners LLC now owns 7,699 shares of the asset manager’s stock worth $6,457,000 after purchasing an additional 346 shares during the last quarter. Burns J W & Co. Inc. NY boosted its holdings in shares of BlackRock by 2.6% during the 3rd quarter. Burns J W & Co. Inc. NY now owns 969 shares of the asset manager’s stock worth $813,000 after purchasing an additional 25 shares during the last quarter. Teamwork Financial Advisors LLC boosted its holdings in shares of BlackRock by 9.3% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 1,656 shares of the asset manager’s stock worth $1,388,000 after purchasing an additional 141 shares during the last quarter. CHICAGO TRUST Co NA boosted its holdings in shares of BlackRock by 18.0% during the 3rd quarter. CHICAGO TRUST Co NA now owns 812 shares of the asset manager’s stock worth $681,000 after purchasing an additional 124 shares during the last quarter. Finally, Five Oceans Advisors acquired a new position in shares of BlackRock during the 3rd quarter worth approximately $300,000. Institutional investors own 78.13% of the company’s stock.
BlackRock Company Profile
BlackRock, Inc engages in providing investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments. The company was founded by Ralph L.
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