BlackRock (NYSE:BLK) Trading Down 0.2%

BlackRock, Inc. (NYSE:BLK - Get Free Report)'s share price traded down 0.2% during trading on Tuesday . The company traded as low as $757.14 and last traded at $759.86. 61,347 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 617,394 shares. The stock had previously closed at $761.28.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their target price on BlackRock from $1,013.00 to $1,025.00 and gave the company an "overweight" rating in a research note on Monday, April 15th. TD Cowen raised BlackRock from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $819.00 to $938.00 in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $930.00 target price (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. UBS Group boosted their target price on BlackRock from $818.00 to $850.00 and gave the company a "neutral" rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. boosted their target price on BlackRock from $742.00 to $767.00 and gave the company a "neutral" rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, BlackRock presently has an average rating of "Moderate Buy" and an average target price of $845.42.

BlackRock Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48. The firm has a 50-day moving average of $800.56 and a 200-day moving average of $763.59. The stock has a market cap of $112.43 billion, a PE ratio of 19.18, a PEG ratio of 1.58 and a beta of 1.37.

BlackRock (NYSE:BLK - Get Free Report) last released its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.42 by $0.39. BlackRock had a return on equity of 15.34% and a net margin of 32.26%. The firm had revenue of $4.73 billion during the quarter, compared to analysts' expectations of $4.65 billion. During the same quarter last year, the business posted $7.93 earnings per share. The firm's revenue was up 11.4% on a year-over-year basis. Research analysts predict that BlackRock, Inc. will post 41.19 EPS for the current year.

Insider Transactions at BlackRock

In other news, CEO Laurence Fink sold 30,978 shares of the business's stock in a transaction dated 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 sale, the chief executive officer now directly owns 414,146 shares in the company, valued at approximately $335,425,128.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Laurence Fink sold 30,978 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 414,146 shares in the company, valued at approximately $335,425,128.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rachel Lord sold 36,059 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the transaction, the director now owns 17,004 shares in the company, valued at $13,910,292.24. The disclosure for this sale can be found here. Insiders have sold a total of 82,511 shares of company stock worth $66,778,367 in the last three months. Insiders own 0.90% of the company's stock.

Hedge Funds Weigh In On BlackRock

Hedge funds have recently added to or reduced their stakes in the stock. Tennessee Valley Asset Management Partners purchased a new stake in shares of BlackRock in the 4th quarter worth approximately $27,000. Redmont Wealth Advisors LLC purchased a new stake in shares of BlackRock in the 1st quarter worth approximately $27,000. Private Wealth Management Group LLC purchased a new stake in BlackRock during the fourth quarter valued at approximately $28,000. Pineridge Advisors LLC purchased a new stake in BlackRock during the fourth quarter valued at approximately $28,000. Finally, LFA Lugano Financial Advisors SA lifted its position in BlackRock by 208.3% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager's stock valued at $30,000 after acquiring an additional 25 shares during the last quarter. 80.69% of the stock is currently owned by 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.