Shares of BlackRock, Inc. (BLK) Sees Large Inflow of Net Money Flow

BlackRock, Inc. (BLK) witnessed a selling pressure and the shares last traded with a loss of -0.97 points or -0.26% at $373.01. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $9.03 million with an inflow of $74.23 million in upticks and an outflow of $65.2 million in downticks. Using the data, the up/down ratio is found to be 1.14. The share price has recorded -0.55% on a weekly basis.A block trade of $19.66 million in uptick and $8.07 million in downtick was also observed, resulting in an up/down ratio of 2.44. The net money flow of the block trade stood at a $11.59, signaling heavy buying.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

BlackRock, Inc. has lost 3.95% in the last five trading days and dropped 1.98% in the last 4 weeks. BlackRock, Inc. is up 9.97% in the last 3-month period. Year-to-Date the stock performance stands at -1.98%. BlackRock, Inc. (NYSE:BLK) witnessed a decline in the market cap on Wednesday as its shares dropped 0.26% or 0.98 points. After the session commenced at $375.21, the stock reached the higher end at $378.11 while it hit a low of $370.87. With the volume soaring to 619,442 shares, the last trade was called at $373. The company has a 52-week high of $399.46. The company has a market cap of $61,436 million and there are 164,708,140 shares in outstanding. The 52-week low of the share price is $286.52.

Company has reported several Insider transactions to the SEC, on Dec 22, 2016, Gary Shedlin (CFO & Senior Managing Director) sold 1,400 shares at 320.89 per share price.On Nov 14, 2016, Jeff A Smith (Senior Managing Director) sold 150 shares at 371.94 per share price.On Oct 31, 2016, William S Demchak (director) purchased 1,200 shares at 341.11 per share price.

BlackRock Last issued its quarterly earnings results on Jan 13, 2017. The company reported $5.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.12. Analyst had a consensus of $5.02. The company had revenue of $2890.00 million for the quarter, compared to analysts expectations of $2930.50 million. The companys revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.75 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.BlackRock was Downgraded by Goldman to Neutral on Jan 4, 2017.

BlackRock, Inc. is one of the largest investment management firms in the United States. The company offers a variety of investment products to institutional and individual investors in the U.S. and internationally. The company also offers a variety of risk management services to large institutional fixed income investors.


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