BlackRock Inc. (NYSE:BLK) had its target price decreased by Barclays PLC from $411.00 to $396.00 in a research report sent to investors on Tuesday. Barclays PLC currently has an equal weight rating on the stock.
A number of other equities research analysts also recently commented on BLK. Zacks Investment Research raised shares of BlackRock from a hold rating to a buy rating and set a $410.00 price objective on the stock in a research report on Monday, September 19th. Deutsche Bank AG increased their price objective on shares of BlackRock from $412.00 to $418.00 and gave the company a buy rating in a research report on Wednesday, October 5th. Citigroup Inc. reissued a buy rating and issued a $400.00 price objective on shares of BlackRock in a research report on Monday, October 10th. Wells Fargo & Co. restated a market perform rating on shares of BlackRock in a report on Monday, October 10th. Finally, Jefferies Group upped their target price on shares of BlackRock from $357.00 to $367.00 and gave the company a hold rating in a report on Tuesday, October 11th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $389.84.
BlackRock (NYSE:BLK) opened at 377.35 on Tuesday. BlackRock has a one year low of $286.52 and a one year high of $399.46. The company’s 50 day moving average is $383.85 and its 200 day moving average is $366.81. The stock has a market cap of $61.55 billion, a PE ratio of 19.82 and a beta of 1.69.
BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, January 13th. The company reported $5.14 EPS for the quarter, beating the Zacks’ consensus estimate of $5.02 by $0.12. BlackRock had a net margin of 28.44% and a return on equity of 11.20%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the firm posted $4.75 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts expect that BlackRock will post $21.41 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Monday, March 6th will be paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 2.65%. This is a boost from BlackRock’s previous quarterly dividend of $2.29. BlackRock’s dividend payout ratio (DPR) is 48.11%.
In other news, Director William S. Demchak bought 1,200 shares of BlackRock stock in a transaction dated Thursday, October 27th. The stock was bought at an average price of $341.11 per share, for a total transaction of $409,332.00. Following the purchase, the director now owns 1,200 shares of the company’s stock, valued at $409,332. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc increased its position in shares of BlackRock by 22.2% in the third quarter. NEXT Financial Group Inc now owns 275 shares of the company’s stock worth $100,000 after buying an additional 50 shares in the last quarter. Mycio Wealth Partners LLC increased its position in shares of BlackRock by 3.3% in the second quarter. Mycio Wealth Partners LLC now owns 379 shares of the company’s stock worth $130,000 after buying an additional 12 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of BlackRock by 22.4% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 393 shares of the company’s stock worth $142,000 after buying an additional 72 shares in the last quarter. Global X Management Co. LLC increased its position in shares of BlackRock by 294.9% in the third quarter. Global X Management Co. LLC now owns 391 shares of the company’s stock worth $142,000 after buying an additional 292 shares in the last quarter. Finally, Financial Architects Inc increased its position in shares of BlackRock by 7.8% in the second quarter. Financial Architects Inc now owns 431 shares of the company’s stock worth $148,000 after buying an additional 31 shares in the last quarter. Institutional investors own 80.56% 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.