BlackRock (BLK) was Reiterated by Deutsche Bank to “Buy” while Lowering the Price Target of the company shares to $ 363 from a previous price target of $386 . Deutsche Bank advised their investors in a research report released on Jun 16, 2016.
Many Wall Street Analysts have commented on BlackRock. BlackRock was Upgraded by Citigroup to ” Buy” on Apr 19, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 15, 2016 to “Outperform”, Firm has raised the Price Target to $ 392 from a previous price target of $367 .Company shares were Reiterated by UBS on Apr 15, 2016 to “Buy”, Firm has raised the Price Target to $ 390 from a previous price target of $350 .
On the company’s financial health, BlackRock reported $4.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 14, 2016. Analyst had a consensus of $4.30. The company had revenue of $2624.00 million for the quarter, compared to analysts expectations of $2737.66 million. The company’s revenue was down -3.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $4.89 EPS.
BlackRock closed down -0.24 points or -0.07% at $339.55 with 7,47,422 shares getting traded on Wednesday. Post opening the session at $342.33, the shares hit an intraday low of $339.01 and an intraday high of $344.08 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jun 3, 2016, Susan Wagner (director) sold 8,665 shares at $365.39 per share price. According to the SEC, on Jun 1, 2016, J. Richard Kushel (Senior Managing Director) sold 6,039 shares at $363.02 per share price. On May 11, 2016, Robert W Fairbairn (Senior Managing Director) sold 2,000 shares at $355.28 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.