Impact of Brokerage Rating on BlackRock, Inc.(BLK)

Many BlackRock, Inc.(BLK) 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.

Company has reported several Insider transactions to the SEC, on Feb 10, 2017, J. Richard Kushel (Senior Managing Director) sold 8,573 shares at 375.02 per share price.On Feb 3, 2017, Jeff A Smith (Senior Managing Director) sold 5,250 shares at 377.00 per share price.On Feb 3, 2017, Gary Shedlin (CFO & Senior Managing Director) sold 2,417 shares at 375.00 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.

BlackRock, Inc. (NYSE:BLK) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.79 by 12 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.

BlackRock, Inc. (NYSE:BLK): According to 10 Analysts, The short term target price has been estimated at $ 411.4.The target price could deviate by a maximum of $24.14 from the forecast price. In the near term, the target price could hit a high of $437 and a low of $ 378.

BlackRock, Inc. (NYSE:BLK) witnessed a decline in the market cap on Tuesday as its shares dropped 0.22% or 0.85 points. After the session commenced at $385.8, the stock reached the higher end at $386.51 while it hit a low of $383.26. With the volume soaring to 772,293 shares, the last trade was called at $384.98. The company has a 52-week high of $399.46. The company has a market cap of $63,409 million and there are 164,708,140 shares in outstanding. The 52-week low of the share price is $297.8942.

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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