6 days Ago By Defense World Staff
BlackRock (NYSE:BLK – Free Report) had its price objective cut by Wells Fargo & Company from $1,065.00 to $1,035.00 in a research report released on Monday morning,Benzinga reports.
The brokerage currently has an overweight rating on the asset manager’s stock.Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods lowered their target price on shares of BlackRock from $1,225.
00 to $1,160.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Barclays lifted their price target on BlackRock from $950.
00 to $990.00 and gave the company an “overweight” rating in a research report on Monday. Citigroup upped their price target on shares of BlackRock from $1,150.
00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. JPMorgan Chase & Co.
decreased their price target on shares of BlackRock from $1,053.00 to $1,046.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 2nd.
Finally, Deutsche Bank Aktiengesellschaft increased their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research report on Thursday, January 16th.
Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,077.
08.Get Our Latest Report on BLKBlackRock Trading Up 1.4 %NYSE:BLK opened at $891.
02 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.
23 and a quick ratio of 5.23. The firm has a market capitalization of $138.
33 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.90 and a beta of 1.
38. BlackRock has a 12-month low of $745.55 and a 12-month high of $1,084.
22. The business has a 50 day simple moving average of $939.58 and a 200 day simple moving average of $987.
88. BlackRock (NYSE:BLK – Get Free Report) last posted its earnings results on Friday, April 11th. The asset manager reported $11.
30 EPS for the quarter, topping the consensus estimate of $10.84 by $0.46.
BlackRock had a net margin of 31.21% and a return on equity of 16.32%.
The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.47 billion.
During the same quarter in the prior year, the firm earned $9.81 EPS. BlackRock’s quarterly revenue was up 11.
6% on a year-over-year basis. Equities research analysts predict that BlackRock will post 47.41 EPS for the current year.
BlackRock Increases DividendThe firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a $5.21 dividend.
This is an increase from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.
84 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Friday, March 7th.
BlackRock’s dividend payout ratio is currently 49.62%. Insiders Place Their BetsIn other BlackRock news, Director J.
Richard Kushel sold 430 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $949.37, for a total value of $408,229.
10. Following the completion of the sale, the director now owns 3,720 shares in the company, valued at $3,531,656.40.
This represents a 10.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
In the last ninety days, insiders sold 20,430 shares of company stock worth $21,234,629. 0.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On BlackRockSeveral institutional investors and hedge funds have recently modified their holdings of the stock. Yousif Capital Management LLC grew its stake in BlackRock by 2.6% in the first quarter.
Yousif Capital Management LLC now owns 19,723 shares of the asset manager’s stock valued at $18,667,000 after purchasing an additional 509 shares in the last quarter. Pallas Capital Advisors LLC grew its stake in shares of BlackRock by 112.9% in the 1st quarter.
Pallas Capital Advisors LLC now owns 1,135 shares of the asset manager’s stock valued at $1,073,000 after buying an additional 602 shares in the last quarter. Cetera Trust Company N.A bought a new stake in shares of BlackRock in the 1st quarter valued at approximately $2,876,000.
Patrick M Sweeney & Associates Inc. raised its position in BlackRock by 6.2% during the first quarter.
Patrick M Sweeney & Associates Inc. now owns 309 shares of the asset manager’s stock valued at $292,000 after acquiring an additional 18 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in BlackRock by 11.
7% in the first quarter. Farther Finance Advisors LLC now owns 2,561 shares of the asset manager’s stock valued at $2,418,000 after acquiring an additional 269 shares during the last quarter. 80.
69% of the stock is currently owned by hedge funds and other institutional investors. About BlackRock (Get Free Report)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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