BlackRock (NYSE:BLK) Trading 0.7% Higher

BlackRock, Inc. (NYSE:BLK) was up 0.7% during trading on Friday . The company traded as high as $755.43 and last traded at $752.57. Approximately 154,652 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 620,416 shares. The stock had previously closed at $747.30.

Wall Street Analyst Weigh In

BLK has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $930.00 price objective (up previously from $918.00) on shares of BlackRock in a research note on Friday, April 5th. UBS Group upped their price objective on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Morgan Stanley upped their price objective on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. increased their price target on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, TD Cowen upgraded BlackRock from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $819.00 to $938.00 in a research note on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $845.42.

BlackRock Trading Down 0.0 %

The firm has a 50 day simple moving average of $805.96 and a 200 day simple moving average of $755.13. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.48 and a current ratio of 3.48. The firm has a market cap of $111.25 billion, a P/E ratio of 19.13, a P/E/G ratio of 1.56 and a beta of 1.37.

BlackRock (NYSE:BLK) last issued its earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, topping the consensus estimate of $9.42 by $0.39. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter last year, the company earned $7.93 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts predict that BlackRock, Inc. will post 41.19 EPS for the current fiscal year.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director Stephen Cohen sold 950 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $805.55, for a total value of $765,272.50. Following the sale, the director now owns 4,437 shares of the company’s stock, valued at approximately $3,574,225.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other BlackRock news, Director Stephen Cohen sold 950 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $805.55, for a total value of $765,272.50. Following the sale, the director now owns 4,437 shares of the company’s stock, valued at approximately $3,574,225.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Marc D. Comerchero sold 450 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $785.11, for a total value of $353,299.50. Following the completion of the sale, the insider now directly owns 5,975 shares in the company, valued at approximately $4,691,032.25. The disclosure for this sale can be found here. Insiders have sold a total of 100,511 shares of company stock valued at $71,864,028 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On BlackRock

A number of large investors have recently modified their holdings of BLK. Fairfield Bush & CO. purchased a new position in shares of BlackRock during the 1st quarter valued at about $115,000. United Bank increased its stake in BlackRock by 17.1% in the 1st quarter. United Bank now owns 1,287 shares of the asset manager’s stock worth $983,000 after purchasing an additional 188 shares during the period. Panagora Asset Management Inc. increased its stake in BlackRock by 2.6% in the 1st quarter. Panagora Asset Management Inc. now owns 1,978 shares of the asset manager’s stock worth $1,512,000 after purchasing an additional 51 shares during the period. Sequoia Financial Advisors LLC increased its stake in BlackRock by 35.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,025 shares of the asset manager’s stock worth $783,000 after purchasing an additional 268 shares during the period. Finally, Brown Brothers Harriman & Co. increased its stake in BlackRock by 11.7% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,452 shares of the asset manager’s stock worth $1,110,000 after purchasing an additional 152 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.