Barclays Maintains BlackRock to Equal-weight with Price Target $364.00

Brokerage firm Barclays Maintains its rating on BlackRock(NYSE:BLK). In a research note issued to the investors, the brokerage major Raises the price-target to $364.00 per share. The shares have been rated Equal-weight. The rating by Barclays was issued on Aug 9, 2016.

In a different note, On Aug 8, 2016, Goldman Sachs said it Maintains its rating on BlackRock. In the research note, the firm Raises the price-target to $390.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 5, 2016, Deutsche Bank said it Maintains its rating on BlackRock. In the research note, the firm Raises the price-target to $392.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 15, 2016, Keefe Bruyette & Woods said it Downgrades its rating on BlackRock. In the research note, the firm Lowers the price-target to $390.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Jul 15, 2016, Barclays said it Maintains its rating on BlackRock. In the research note, the firm Lowers the price-target to $363.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 15, 2016, Deutsche Bank said it Maintains its rating on BlackRock. In the research note, the firm Raises the price-target to $372.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 11, 2016, Jefferies said it Maintains its rating on BlackRock. In the research note, the firm Lowers the price-target to $359.00 per share. The shares have been rated ‘Hold’ by the firm.

BlackRock (BLK) made into the market gainers list on Wednesdays trading session with the shares advancing 0.83% or 3.03 points. Due to strong positive momentum, the stock ended at $370.1, which is also near the day’s high of $370.42. The stock began the session at $367.02 and the volume stood at 3,38,310 shares. The 52-week high of the shares is $375.9488 and the 52 week low is $275. The company has a current market capitalization of $60,794 M and it has 16,42,63,770 shares in outstanding.

BlackRock has also declared a cash dividend of $2.2900 on Jul 20, 2016. The shares will quote ex-dividend on Aug 31, 2016 and the record date has been fixed on Sep 2, 2016. The dividend payable date has been fixed on Sep 23, 2016.

BlackRock(BLK) last announced its earnings results on Jul 14, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.80B. Analysts had an estimated revenue of $2.82B. Earnings per share were $4.78. Analysts had estimated an EPS of $4.83.

Several Insider Transactions has been reported to the SEC. On Aug 5, 2016, Susan Wagner (director) sold 25,000 shares at $368.29 per share price.Also, On Aug 2, 2016, Ryan Stork (Senior Managing Director) sold 1,400 shares at $367.24 per share price.On Jul 18, 2016, J. Richard Kushel (Senior Managing Director) sold 8,000 shares at $356.57 per share price, according to the Form-4 filing with the securities and exchange commission.

BlackRock Inc. is an investment management firm. The Company provides investment and risk management services to institutional and retail clients across the world. Its product offerings include single- and multi-asset class portfolios investing in equities fixed income alternatives and money market instruments. Products are offered directly and through intermediaries in a variety of vehicles including open-end and closed-end mutual funds iShares exchange-traded funds (ETFs) separate accounts collective investment funds and other pooled investment vehicles. The Company also offers its BlackRock Solutions investment and risk management technology platform Aladdin risk analytics and advisory services and solutions. It has $4.65 trillion of assets under management at December 31 2014.

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