It is currently trading at $435.29 which is a tad above the 50 day moving average which is $410.09 and a tad above the 200 day moving average of $390.31. The 50 day moving average was up by +6.14% and the 200 day average was up $44.98. (NYSE:BLK) shares saw light trading volume with 466K shares changing hands in the last trading session. Shares saw a steep decrease in trading volume of 23.04% under the normal average daily volume.
BlackRock, Inc. (NYSE:BLK) has been the object of insider selling activity recently. Mark Mccombe, Senior Managing Director disclosed the sale of 500 shares. The shares were sold on May 26th for an average price of $405.98. Mccombe now owns $11,568,400 of the stock per the Form 4 SEC filing. Senior Managing Director Robert W. Fairbairn sold 1,300 shares at an average price of $390.02 on February 22nd. That brings the Senior Managing Director’s holdings to $18,942,491 as reported to the SEC.
Chief Operating Officer Robert L. Goldstein disclosed the sale of 10,374 shares of (BLK). The shares were purchased at an average price of $377.31. The Chief Operating Officer now owns $18,619,494 of the stock according to the SEC filing.
Here are a few other firms who have also updated their positions. As of quarter end Fisher Asset Management, LLC had bought 629 shares growing its position 0.6%. The value in dollars increased from $41,716,000 to $46,213,000 a change of 10.8% for the reporting period. As of the end of the quarter Pennsylvania Trust Co had acquired a total of 3,462 shares growing its holdings by 12.0%. The value of the investment in (BLK) went from $11,032,000 to $13,613,000 increasing 23.4% quarter to quarter.
As of the end of the quarter Churchill Management Corp had bought 16,646 shares growing its stake by 2,289.7%. The value of the investment in BLK went from $279,000 to $7,339,000 a change of $7,060,000 since the last quarter. Webster Bank, N. A. cut its position by selling 538 shares a decrease of 3.8% as of 06/30/2017. Webster Bank, N. A. now holds 13,632 shares worth $5,758,000. The value of the position overall is up by 6.0%.
On October 14 Keefe Bruyette & Woods held the stock rating at “Equal-Weight” and raised the price expectation to $378.00 from $360.00. October 13 investment analysts at Barclays left the stock rating at “Equal-Weight” and raised the price target from $375.00 to $378.00.
On October 11 Jefferies held the company rating at “Buy” and moved up the price target to $418.00 from $357.00. On October 5 Deutsche Bank left the company rating at “Buy” but raised the price expectation from $414.00 to $418.00.
On September 9 Deutsche Bank made no change to the company rating of “Buy” but raised the price target to $414.00 from $383.00. On August 24 Barclays made no change to the stock rating of “Equal-weight” but moved down the price target to $375.00 from $383.00.
The company is now up by 0.78 percent from yesterday’s close. The company recently announced a dividend that was paid on Friday the 23rd of June 2017. The dividend payment was $2.500 per share for the quarter or $10.00 on an annualized basis. This dividend represents a yeild of $2.29 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Thursday the 1st of June 2017.
BlackRock, Inc. currently has a P/E ratio of 21.39 and the market cap is 70.89B. In the last earnings report the EPS was $20.35 and is expected to be $21.97 for the current year with 162,868,000 shares outstanding. Next quarter’s EPS is expected be $5.54 with next year’s EPS anticipated to be $24.86.
BlackRock, Inc. (BlackRock), launched on February 13, 2006, is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. Its product offerings include single- and multi-asset portfolios investing in equities, fixed income, alternatives and money market instruments. The Business’s products are offered directly and through intermediaries in a range 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. BlackRock offers its Aladdin investment system, as well as risk management, outsourcing, advisory and technology services, to institutional investors and wealth management intermediaries under the BlackRock Solutions (BRS) name. BRS’ Financial Markets Advisory (FMA) group advises global financial institutions, regulators, and government entities across a range of risk, regulatory, capital markets and strategic services. It also offers Aladdin Portfolio Builder, which provides financial advisors with portfolio construction tools, and Aladdin Risk for Wealth Management, which provides intermediary partners with institutional-quality portfolio construction, modeling and risk analytics capabilities..