BlackRock(NYSE:BLK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 14, 2016. Company reported revenue of $2.80B. Analysts estimated a revenue of $2.82B. Earnings per share were $4.78. Analysts had estimated an EPS of $4.83.
In a different note, 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. On Jun 16, 2016, Deutsche Bank said it Maintains its rating on BlackRock. In the research note, the firm Lowers the price-target to $386.00 per share. The shares have been rated ‘Buy’ by the firm. 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.
BlackRock (BLK) made into the market gainers list on Mondays trading session with the shares advancing 0.26% or 0.93 points. Due to strong positive momentum, the stock ended at $357.78, which is also near the day’s high of $359.69. The stock began the session at $357.56 and the volume stood at 4,48,442 shares. The 52-week high of the shares is $369.33 and the 52 week low is $275. The company has a current market capitalization of $59,017 M and it has 16,49,53,590 shares in outstanding.
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.