BlackRock (NYSE:BLK) Stock Price Down 0.2%

BlackRock, Inc. (NYSE:BLK) was down 0.2% during mid-day trading on Tuesday . The company traded as low as $757.14 and last traded at $759.86. Approximately 61,347 shares traded hands during trading, a decline of 90% from the average daily volume of 617,394 shares. The stock had previously closed at $761.28.

Analyst Ratings Changes

Several analysts have recently weighed in on BLK shares. 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 report on Friday, April 5th. Morgan Stanley boosted their target price on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. UBS Group boosted their price objective on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and upped their price target for the company from $819.00 to $938.00 in a research report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $845.42.

BlackRock Trading Down 0.5 %

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 company has a market cap of $111.84 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. The company’s 50 day moving average price is $799.47 and its 200 day moving average price is $763.50.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share 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 firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period in the previous year, the company earned $7.93 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts anticipate that BlackRock, Inc. will post 41.19 EPS for the current year.

Insider Buying and Selling

In other BlackRock news, Director J. Richard Kushel sold 520 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $784.69, for a total value of $408,038.80. Following the sale, the director now owns 4,150 shares of the company’s stock, valued at approximately $3,256,463.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other BlackRock news, Director J. Richard Kushel sold 520 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $784.69, for a total value of $408,038.80. Following the sale, the director now directly owns 4,150 shares in the company, valued at approximately $3,256,463.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc D. Comerchero sold 450 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $785.11, for a total transaction of $353,299.50. Following the transaction, the insider now directly owns 5,975 shares of the company’s stock, valued at approximately $4,691,032.25. The disclosure for this sale can be found here. Insiders have sold 79,093 shares of company stock worth $64,108,533 in the last quarter. 0.90% of the stock is currently owned by company insiders.

Institutional Trading of BlackRock

Institutional investors and hedge funds have recently modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new stake in BlackRock in the 4th quarter valued at $27,000. Redmont Wealth Advisors LLC bought a new stake in BlackRock in the first quarter valued at about $27,000. Private Wealth Management Group LLC acquired a new position in BlackRock in the fourth quarter worth about $28,000. Pineridge Advisors LLC bought a new position in BlackRock during the fourth quarter worth about $28,000. Finally, LFA Lugano Financial Advisors SA boosted its holdings in BlackRock by 208.3% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. 80.69% of the stock is currently owned by 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.