BlackRock (NYSE:BLK) Trading Down 0.8%

BlackRock, Inc. (NYSE:BLK - Get Free Report)'s share price fell 0.8% on Tuesday . The company traded as low as $753.96 and last traded at $757.16. 153,003 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 620,798 shares. The stock had previously closed at $762.99.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLK. UBS Group raised their price target on shares of BlackRock from $818.00 to $850.00 and gave the company a "neutral" rating in a research note on Friday. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $930.00 target price (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. Morgan Stanley raised their target price on shares of BlackRock from $1,013.00 to $1,025.00 and gave the stock an "overweight" rating in a research note on Monday. JPMorgan Chase & Co. raised their target price on shares of BlackRock from $742.00 to $767.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 2nd. Finally, TD Cowen upgraded shares of BlackRock from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $819.00 to $938.00 in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $811.43.

BlackRock Price Performance

The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.32. The company's fifty day moving average is $808.48 and its two-hundred day moving average is $754.48. The stock has a market cap of $111.56 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.65 and a beta of 1.37.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, topping the consensus estimate of $9.42 by $0.39. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. BlackRock had a net margin of 32.26% and a return on equity of 15.34%. The company's quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.93 earnings per share. As a group, research analysts predict that BlackRock, Inc. will post 41.35 earnings per share for the current year.

Insiders Place Their Bets

In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total value of $25,089,701.76. Following the completion of the transaction, the chief executive officer now owns 414,146 shares in the company, valued at $335,425,128.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, General Counsel Christopher J. Meade sold 18,000 shares of BlackRock stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $282.54, for a total transaction of $5,085,660.60. Following the completion of the sale, the general counsel now directly owns 11,914 shares of the company's stock, valued at approximately $3,366,142.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Laurence Fink sold 30,978 shares of the business's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $809.92, for a total transaction of $25,089,701.76. Following the completion of the sale, the chief executive officer now directly owns 414,146 shares of the company's stock, valued at $335,425,128.32. The disclosure for this sale can be found here. Insiders sold a total of 100,511 shares of company stock worth $71,864,028 over the last 90 days. Corporate insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On BlackRock

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tennessee Valley Asset Management Partners purchased a new stake in BlackRock in the fourth quarter valued at $27,000. Private Wealth Management Group LLC purchased a new stake in BlackRock in the fourth quarter valued at $28,000. Pineridge Advisors LLC purchased a new stake in BlackRock in the fourth quarter valued at $28,000. LFA Lugano Financial Advisors SA raised its holdings in shares of BlackRock by 208.3% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager's stock valued at $30,000 after buying an additional 25 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of BlackRock in the fourth quarter valued at about $32,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

About BlackRock

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.