Brokerage firm Deutsche Bank Maintains its rating on BlackRock(NYSE:BLK). In a research note issued to the investors, the brokerage major Lowers the price-target to $383.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Jun 16, 2016.
In a different note, On Apr 19, 2016, Citigroup said it Upgrades its rating on BlackRock. In the research note, the firm Raises the price-target to $340.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 5, 2016, Barclays said it Maintains its rating on BlackRock. In the research note, the firm Raises the price-target to $314.00 per share. The shares have been rated ‘Equal-weight’ by the firm.
BlackRock (BLK) shares turned negative on Tuesdays trading session with the shares closing down -0.43 points or -0.12% at a volume of 3,43,241. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $350.59. The peak price level was also seen at $350.59 while the days lowest was $346.51. Finally the shares closed at $348. The 52-week high of the shares is $369.33 while the 52-week low is $275. According to the latest information available, the market cap of the company is $56,852 M.
BlackRock(BLK) last announced its earnings results on Jan 15, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $2.86B. Analysts had an estimated revenue of $2.83B. Earnings per share were $4.75. Analysts had estimated an EPS of $4.81.
Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Susan Wagner (director) sold 8,665 shares at $365.39 per share price.Also, On Jun 1, 2016, J. Richard Kushel (Senior Managing Director) sold 6,039 shares at $363.02 per share price.On May 11, 2016, Robert W Fairbairn (Senior Managing Director) sold 2,000 shares at $355.28 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.