BlackRock (NYSE:BLK) Now Covered by StockNews.com

Equities research analysts at StockNews.com started coverage on shares of BlackRock (NYSE:BLK - Get Free Report) in a report released on Monday. The brokerage set a "hold" rating on the asset manager's stock.

BLK has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their price objective on BlackRock from $1,053.00 to $1,046.00 and set a "neutral" rating for the company in a report on Wednesday, April 2nd. UBS Group dropped their target price on shares of BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft raised their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. TD Cowen dropped their target price on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Wells Fargo & Company upped their price objective on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,077.08.

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BlackRock Trading Down 0.1 %

Shares of BlackRock stock traded down $0.74 during trading on Monday, reaching $889.21. 516,176 shares of the company were exchanged, compared to its average volume of 684,686. The firm has a market capitalization of $138.05 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 1.90 and a beta of 1.38. The business has a 50-day moving average price of $939.58 and a 200-day moving average price of $987.88. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock has a twelve month low of $745.55 and a twelve month high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, topping analysts' consensus estimates of $10.84 by $0.46. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.47 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $9.81 EPS. Sell-side analysts anticipate that BlackRock will post 47.41 EPS for the current fiscal year.

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the sale, the director now owns 68,433 shares of the company's stock, valued at approximately $73,403,973.12. This represents a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 20,430 shares of company stock worth $21,234,629 over the last three months. 0.90% of the stock is owned by company insiders.

Institutional Trading of BlackRock

Hedge funds have recently modified their holdings of the stock. Simon Quick Advisors LLC raised its stake in BlackRock by 139.8% during the 1st quarter. Simon Quick Advisors LLC now owns 844 shares of the asset manager's stock worth $799,000 after buying an additional 492 shares during the period. Zhang Financial LLC raised its holdings in shares of BlackRock by 2.4% in the first quarter. Zhang Financial LLC now owns 968 shares of the asset manager's stock valued at $916,000 after purchasing an additional 23 shares during the last quarter. Exchange Bank boosted its stake in shares of BlackRock by 3.8% in the 1st quarter. Exchange Bank now owns 486 shares of the asset manager's stock worth $460,000 after buying an additional 18 shares during the last quarter. McKinley Carter Wealth Services Inc. boosted its position in BlackRock by 6.0% in the first quarter. McKinley Carter Wealth Services Inc. now owns 423 shares of the asset manager's stock worth $400,000 after purchasing an additional 24 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its holdings in BlackRock by 2.5% during the first quarter. Laurel Wealth Advisors LLC now owns 1,619 shares of the asset manager's stock worth $1,532,000 after buying an additional 40 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

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.