BlackRock Inc. (NYSE:BLK) shares gapped up before the market opened on Monday . The stock had previously closed at $365.94, but opened at $366.60. BlackRock shares last traded at $371.07, with a volume of 126,940 shares trading hands.

Several research analysts have issued reports on BLK shares. Citigroup Inc. upgraded shares of BlackRock from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $340.00 to $410.00 in a research report on Wednesday, April 20th. Deutsche Bank AG lifted their price target on shares of BlackRock from $392.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research lowered shares of BlackRock from a “buy” rating to a “hold” rating in a research report on Monday, May 9th. Goldman Sachs Group Inc. lowered shares of BlackRock from a “conviction-buy” rating to a “buy” rating and lifted their price target for the stock from $390.00 to $400.00 in a research report on Monday, August 8th. Finally, Vetr upgraded shares of BlackRock from a “hold” rating to a “buy” rating and set a $382.97 price target on the stock in a research report on Wednesday, August 10th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. BlackRock presently has a consensus rating of “Buy” and an average target price of $379.53.

The stock’s 50 day moving average is $357.36 and its 200-day moving average is $344.21. The firm has a market capitalization of $60.60 billion and a price-to-earnings ratio of 19.63.

BlackRock (NYSE:BLK) last issued its earnings results on Thursday, July 14th. The company reported $4.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $4.82 by $0.04. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.81 billion. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.96 earnings per share. On average, equities research analysts forecast that BlackRock Inc. will post $19.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 2nd will be paid a $2.29 dividend. This represents a $9.16 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Wednesday, August 31st.

In other BlackRock news, Director Susan Wagner sold 8,665 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $365.39, for a total value of $3,166,104.35. Following the completion of the sale, the director now owns 521,012 shares of the company’s stock, valued at $190,372,574.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director J. Richard Kushel sold 6,039 shares of the company’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $363.02, for a total transaction of $2,192,277.78. Following the completion of the sale, the director now directly owns 156,761 shares of the company’s stock, valued at approximately $56,907,378.22. The disclosure for this sale can be found here.

A number of large investors have recently modified their holdings of BLK. Utah Retirement Systems increased its stake in shares of BlackRock by 0.4% in the fourth quarter. Utah Retirement Systems now owns 22,622 shares of the company’s stock valued at $7,704,000 after buying an additional 100 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in shares of BlackRock by 5.1% in the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 3,389 shares of the company’s stock valued at $1,154,000 after buying an additional 165 shares during the last quarter. Argent Trust Co increased its stake in shares of BlackRock by 3.8% in the third quarter. Argent Trust Co now owns 4,726 shares of the company’s stock valued at $1,406,000 after buying an additional 175 shares during the last quarter. Braver Wealth Management LLC increased its stake in shares of BlackRock by 2.4% in the fourth quarter. Braver Wealth Management LLC now owns 9,015 shares of the company’s stock valued at $3,070,000 after buying an additional 211 shares during the last quarter. Finally, Parsons Capital Management Inc. RI increased its stake in shares of BlackRock by 2.3% in the fourth quarter. Parsons Capital Management Inc. RI now owns 15,240 shares of the company’s stock valued at $5,190,000 after buying an additional 347 shares during the last quarter.

BlackRock, Inc is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.

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