BlackRock, Inc. (NYSE:BLK) has been given a consensus rating of “Buy” by the fifteen ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $491.30.

A number of research firms recently weighed in on BLK. Bank of America restated a “buy” rating and set a $478.00 target price (down from $525.00) on shares of BlackRock in a research note on Thursday, December 6th. Barclays restated a “buy” rating on shares of BlackRock in a research note on Thursday. Argus cut their target price on shares of BlackRock from $620.00 to $535.00 and set a “buy” rating on the stock in a research note on Wednesday, October 17th. ValuEngine lowered shares of BlackRock from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Finally, Wells Fargo & Co cut their target price on shares of BlackRock from $545.00 to $510.00 and set a “market perform” rating on the stock in a research note on Thursday, October 11th.

In other news, Director J. Richard Kushel sold 2,100 shares of the stock in a transaction that occurred on Monday, November 26th. The stock was sold at an average price of $419.11, for a total value of $880,131.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William E. Ford acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 17th. The stock was purchased at an average cost of $409.59 per share, with a total value of $819,180.00. Following the completion of the acquisition, the director now directly owns 7,466 shares of the company’s stock, valued at approximately $3,057,998.94. The disclosure for this purchase can be found here. Corporate insiders own 1.75% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Exchange Capital Management Inc. boosted its holdings in shares of BlackRock by 3.0% in the third quarter. Exchange Capital Management Inc. now owns 12,588 shares of the asset manager’s stock valued at $5,933,000 after acquiring an additional 367 shares during the period. Bristlecone Advisors LLC lifted its holdings in shares of BlackRock by 51.3% during the third quarter. Bristlecone Advisors LLC now owns 6,667 shares of the asset manager’s stock worth $3,142,000 after purchasing an additional 2,260 shares during the period. New Potomac Partners LLC lifted its holdings in shares of BlackRock by 4.4% during the third quarter. New Potomac Partners LLC now owns 5,332 shares of the asset manager’s stock worth $2,513,000 after purchasing an additional 225 shares during the period. First Trust Advisors LP lifted its holdings in shares of BlackRock by 8.4% during the third quarter. First Trust Advisors LP now owns 142,435 shares of the asset manager’s stock worth $67,134,000 after purchasing an additional 11,002 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of BlackRock by 2.8% during the second quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,293 shares of the asset manager’s stock worth $3,639,000 after purchasing an additional 200 shares during the period. 82.43% of the stock is owned by institutional investors and hedge funds.

NYSE:BLK traded down $1.59 on Friday, reaching $397.91. 697,157 shares of the company’s stock were exchanged, compared to its average volume of 692,232. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.07 and a quick ratio of 3.07. The firm has a market capitalization of $63.11 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. BlackRock has a 52-week low of $360.79 and a 52-week high of $594.52.

BlackRock (NYSE:BLK) last released its earnings results on Tuesday, October 16th. The asset manager reported $7.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $6.93 by $0.59. BlackRock had a net margin of 39.92% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm earned $5.76 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. Analysts expect that BlackRock will post 27.63 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 26th. Shareholders of record on Friday, December 7th were paid a $3.13 dividend. The ex-dividend date of this dividend was Thursday, December 6th. This represents a $12.52 annualized dividend and a yield of 3.15%. BlackRock’s dividend payout ratio is currently 55.40%.

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.

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Analyst Recommendations for BlackRock (NYSE:BLK)

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