A number of firms have modified their ratings and price targets on shares of BlackRock (NYSE: BLK) recently:
BlackRock Inc. (NYSE:BLK) opened at 378.00 on Thursday. The firm has a 50-day moving average of $383.65 and a 200 day moving average of $366.73. BlackRock Inc. has a 52-week low of $286.52 and a 52-week high of $399.46. The company has a market cap of $61.66 billion, a PE ratio of 19.85 and a beta of 1.69.
BlackRock (NYSE:BLK) last posted its quarterly earnings data on Friday, January 13th. The company reported $5.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.02 by $0.12. The business earned $2.89 billion during the quarter, compared to the consensus estimate of $2.93 billion. BlackRock had a net margin of 28.44% and a return on equity of 11.20%. BlackRock’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.75 EPS. Equities research analysts expect that BlackRock Inc. will post $21.51 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Monday, March 6th will be issued a dividend of $2.50 per share. This is an increase from BlackRock’s previous quarterly dividend of $2.29. This represents a $10.00 annualized dividend and a dividend yield of 2.65%. BlackRock’s dividend payout ratio is currently 48.11%.
In related news, Director William S. Demchak purchased 1,200 shares of BlackRock stock in a transaction on Thursday, October 27th. The stock was purchased at an average cost of $341.11 per share, with a total value of $409,332.00. Following the acquisition, the director now directly owns 1,200 shares in the company, valued at $409,332. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.20% of the company’s stock.
BlackRock, Inc is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.