BlackRock, Inc. (NYSE:BLK – Get Free Report) has been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $932.71.
Several analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Wells Fargo & Company began coverage on BlackRock in a research report on Thursday, September 12th. They set an “overweight” rating and a $1,000.00 price target on the stock. Barclays boosted their price objective on BlackRock from $985.00 to $990.00 and gave the company an “overweight” rating in a report on Monday, September 9th. UBS Group dropped their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Finally, TD Cowen reduced their price target on BlackRock from $974.00 to $969.00 and set a “buy” rating for the company in a research report on Monday, July 8th.
Check Out Our Latest Research Report on BlackRock
Insider Activity at BlackRock
Hedge Funds Weigh In On BlackRock
A number of institutional investors have recently added to or reduced their stakes in BLK. Redmont Wealth Advisors LLC acquired a new position in BlackRock in the 1st quarter valued at about $27,000. Pineridge Advisors LLC purchased a new stake in shares of BlackRock during the 4th quarter valued at approximately $28,000. Fairscale Capital LLC acquired a new position in BlackRock in the second quarter valued at approximately $31,000. Lam Group Inc. purchased a new position in BlackRock in the first quarter worth approximately $33,000. Finally, Fairman Group LLC acquired a new stake in BlackRock during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.
BlackRock Stock Performance
Shares of BLK stock opened at $949.19 on Friday. The business has a fifty day moving average of $890.01 and a 200 day moving average of $826.67. BlackRock has a 1 year low of $596.18 and a 1 year high of $960.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market capitalization of $141.05 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30.
BlackRock (NYSE:BLK – Get Free Report) last announced its quarterly earnings data on Monday, July 15th. The asset manager reported $10.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.96 by $0.40. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.85 billion. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $9.28 earnings per share. As a group, research analysts expect that BlackRock will post 41.37 earnings per share for the current year.
BlackRock Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were given a dividend of $5.10 per share. The ex-dividend date was Monday, September 9th. This represents a $20.40 annualized dividend and a dividend yield of 2.15%. BlackRock’s dividend payout ratio (DPR) is presently 51.84%.
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.
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