Citigroup Maintains BlackRock to Neutral with Price Target $340.00

Brokerage firm Citigroup Maintains its rating on BlackRock(NYSE:BLK). In a research note issued to the investors, the brokerage major Raises the price-target to $340.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Apr 14, 2016.

In a different note, On Mar 17, 2016, Deutsche Bank said it Maintains its rating on BlackRock. In the research note, the firm Raises the price-target to $349.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 9, 2016, Deutsche Bank said it Maintains its rating on BlackRock. In the research note, the firm Lowers the price-target to $338.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 9, 2016, Barclays said it Maintains its rating on BlackRock. In the research note, the firm Lowers the price-target to $318.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jan 26, 2016, Deutsche Bank said it Maintains its rating on BlackRock. According to the research note, Deutsche Bank Lowers the price target to $338 per share from a prior target of $340. The shares have been rated ‘Buy’ by the firm. On Jan 19, 2016, Keefe Bruyette & Woods said it Maintains its rating on BlackRock. According to the research note, Keefe Bruyette & Woods Lowers the price target to $354 per share from a prior target of $367. The shares have been rated ‘Outperform’ by the firm. On Jan 19, 2016, Deutsche Bank said it Maintains its rating on BlackRock. According to the research note, Deutsche Bank Lowers the price target to $340 per share from a prior target of $369. The shares have been rated ‘Buy’ by the firm.

BlackRock (BLK) made into the market gainers list on Mondays trading session with the shares advancing 0.07% or 0.26 points. Due to strong positive momentum, the stock ended at $358, which is also near the day’s high of $359.45. The stock began the session at $353 and the volume stood at 8,42,228 shares. The 52-week high of the shares is $378.8 and the 52 week low is $275. The company has a current market capitalization of $59,456 M and it has 16,60,76,910 shares in outstanding.

BlackRock(BLK) last announced its earnings results on Jan 15, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $2.86B. Analysts had an estimated revenue of $2.83B. Earnings per share were $4.75. Analysts had estimated an EPS of $4.81.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, Laurence Fink (Chairman and CEO) sold 37,600 shares at $321.82 per share price.Also, On Mar 1, 2016, J. Richard Kushel (Senior Managing Director) sold 3,161 shares at $313.36 per share price.On Feb 19, 2016, Ryan Stork (Senior Managing Director) sold 3,000 shares at $318.36 per share price, according to the Form-4 filing with the securities and exchange commission.

BlackRock Inc. is an investment management firm. The Company provides investment and risk management services to institutional and retail clients across the world. Its product offerings include single- and multi-asset class portfolios investing in equities fixed income alternatives and money market instruments. Products are offered directly and through intermediaries in a variety 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. The Company also offers its BlackRock Solutions investment and risk management technology platform Aladdin risk analytics and advisory services and solutions. It has $4.65 trillion of assets under management at December 31 2014.

Leave a Reply

BlackRock - Is it time to Sell?

Top Brokerage Firms are advising their investors on BlackRock. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.