BlackRock (NYSE:BLK – Get Rating) had its price target reduced by investment analysts at Morgan Stanley from $932.00 to $801.00 in a research note issued on Thursday, Marketbeat reports. The firm presently has an “overweight” rating on the asset manager’s stock. Morgan Stanley’s price objective points to a potential upside of 29.88% from the stock’s previous close.
Several other equities analysts have also recently issued reports on BLK. The Goldman Sachs Group dropped their price objective on shares of BlackRock from $830.00 to $710.00 and set a “buy” rating on the stock in a research note on Wednesday. BMO Capital Markets dropped their price objective on shares of BlackRock from $755.00 to $734.00 and set a “market perform” rating on the stock in a research note on Thursday, April 14th. Jefferies Financial Group started coverage on shares of BlackRock in a research note on Wednesday, April 13th. They issued a “buy” rating and a $873.00 price objective on the stock. Keefe, Bruyette & Woods decreased their target price on shares of BlackRock from $719.00 to $675.00 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, BNP Paribas lowered shares of BlackRock from an “outperform” rating to a “neutral” rating and set a $725.00 price objective on the stock. in a research report on Tuesday, March 8th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and an average price target of $848.93.
Shares of BlackRock stock opened at $616.70 on Thursday. The firm’s fifty day simple moving average is $628.32 and its 200-day simple moving average is $733.24. The stock has a market capitalization of $93.43 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 2.07 and a beta of 1.27. BlackRock has a 12 month low of $575.60 and a 12 month high of $973.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.33 and a quick ratio of 4.33.
BlackRock (NYSE:BLK – Get Rating) last announced its earnings results on Wednesday, April 13th. The asset manager reported $9.52 EPS for the quarter, beating analysts’ consensus estimates of $8.92 by $0.60. The business had revenue of $4.70 billion for the quarter, compared to analysts’ expectations of $4.76 billion. BlackRock had a net margin of 31.20% and a return on equity of 17.00%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $7.77 EPS. Analysts anticipate that BlackRock will post 38.35 earnings per share for the current year.
In other news, Director William E. Ford acquired 2,000 shares of the stock in a transaction on Monday, April 18th. The stock was bought at an average price of $681.44 per share, with a total value of $1,362,880.00. Following the completion of the transaction, the director now directly owns 14,915 shares of the company’s stock, valued at $10,163,677.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William E. Ford acquired 1,000 shares of the stock in a transaction on Thursday, April 14th. The stock was purchased at an average cost of $701.00 per share, with a total value of $701,000.00. Following the transaction, the director now directly owns 12,915 shares of the company’s stock, valued at $9,053,415. The disclosure for this purchase can be found here. 1.06% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Steward Financial Group LLC purchased a new position in shares of BlackRock during the 4th quarter valued at approximately $27,000. Western Pacific Wealth Management LP purchased a new position in shares of BlackRock during the 4th quarter valued at approximately $27,000. Sierra Capital LLC purchased a new position in shares of BlackRock during the 4th quarter valued at approximately $29,000. Industrial Alliance Investment Management Inc. purchased a new position in shares of BlackRock during the 4th quarter valued at approximately $29,000. Finally, Disciplined Investments LLC purchased a new position in shares of BlackRock during the 4th quarter valued at approximately $30,000. 93.81% of the stock is owned by institutional investors.
BlackRock Company Profile (Get Rating)
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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Source: defenseworld.net