BlackRock, Inc. (NYSE:BLK) has been assigned a consensus recommendation of “Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $547.92.
Several equities analysts have issued reports on the stock. Argus reissued a “buy” rating and issued a $620.00 price objective (up from $520.00) on shares of BlackRock in a research note on Tuesday, January 16th. Zacks Investment Research cut shares of BlackRock from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Citigroup cut shares of BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 price objective on the stock. in a research note on Thursday, January 25th. Wells Fargo & Co reissued a “market perform” rating and issued a $555.00 price objective (up from $535.00) on shares of BlackRock in a research note on Tuesday, January 16th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $680.00 price objective on shares of BlackRock in a research note on Friday, January 12th.
In other news, insider Mark Mccombe sold 2,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $520.64, for a total transaction of $1,041,280.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Susan Wagner sold 4,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the transaction, the director now directly owns 481,915 shares in the company, valued at $243,897,181.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,175 shares of company stock worth $5,294,251. Corporate insiders own 1.86% of the company’s stock.
Several large investors have recently bought and sold shares of BLK. Invictus RG acquired a new position in shares of BlackRock during the 3rd quarter worth $110,000. Sumitomo Mitsui Financial Group Inc. grew its stake in shares of BlackRock by 1,119.2% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 317 shares of the asset manager’s stock worth $141,000 after purchasing an additional 291 shares during the period. Assetmark Inc. grew its stake in shares of BlackRock by 57.1% during the 4th quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock worth $143,000 after purchasing an additional 101 shares during the period. Oakworth Capital Inc. grew its stake in shares of BlackRock by 67.6% during the 4th quarter. Oakworth Capital Inc. now owns 305 shares of the asset manager’s stock worth $153,000 after purchasing an additional 123 shares during the period. Finally, Manchester Capital Management LLC acquired a new position in shares of BlackRock during the 3rd quarter worth $156,000. 82.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of BlackRock (NYSE:BLK) traded up $0.45 during trading on Wednesday, hitting $541.10. 534,400 shares of the stock were exchanged, compared to its average volume of 723,497. The firm has a market cap of $87,141.99, a PE ratio of 17.86, a price-to-earnings-growth ratio of 1.45 and a beta of 1.76. BlackRock has a fifty-two week low of $368.00 and a fifty-two week high of $594.52. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.09.
BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.94 by $0.30. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.33 billion. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. BlackRock’s revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the company posted $5.14 EPS. equities analysts expect that BlackRock will post 28.5 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be paid a dividend of $2.88 per share. The ex-dividend date is Tuesday, March 6th. This is a boost from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 dividend on an annualized basis and a dividend yield of 2.13%. BlackRock’s dividend payout ratio is 33.00%.
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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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