BlackRock (NYSE:BLK) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
BLK has been the subject of several other reports. Credit Suisse Group upped their price target on shares of BlackRock from $678.00 to $682.00 and gave the company an “outperform” rating in a research report on Friday, April 13th. Zacks Investment Research upgraded shares of BlackRock from a “sell” rating to a “hold” rating in a research report on Thursday, March 29th. Deutsche Bank cut their price target on shares of BlackRock to $623.00 and set a “buy” rating for the company in a research report on Tuesday, March 6th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $640.00 price target on shares of BlackRock in a research report on Wednesday, March 14th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $566.62.
BlackRock opened at $523.36 on Friday, according to MarketBeat Ratings. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.02. BlackRock has a 12-month low of $408.62 and a 12-month high of $594.52. The stock has a market cap of $87.94 billion, a price-to-earnings ratio of 23.16, a price-to-earnings-growth ratio of 1.66 and a beta of 1.67.
In other news, Director William E. Ford bought 1,000 shares of the company’s stock in a transaction dated Wednesday, May 9th. The stock was bought at an average cost of $530.95 per share, for a total transaction of $530,950.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeff A. Smith sold 166 shares of the stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $546.13, for a total transaction of $90,657.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,066 shares of company stock valued at $558,514. 1.75% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Bamco Inc. NY bought a new position in BlackRock in the first quarter worth about $106,000. Princeton Capital Management LLC bought a new position in BlackRock in the first quarter worth about $115,000. Bray Capital Advisors bought a new position in BlackRock in the first quarter worth about $128,000. O Shaughnessy Asset Management LLC bought a new position in BlackRock in the first quarter worth about $139,000. Finally, Assetmark Inc. raised its stake in BlackRock by 57.1% in the fourth quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock worth $143,000 after buying an additional 101 shares in the last quarter. Institutional investors own 83.76% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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