Blackrock Inc. (BLK): J. Richard Kushel , Senior Managing Director of Blackrock Inc. sold 6,039 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $363.02 per share for a total value of $2,192,265.75 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 11, 2016, Robert W Fairbairn (Senior Managing Director) sold 2,000 shares at $355.28 per share price.On Apr 19, 2016, Jeff A Smith (Senior Managing Director) sold 2,650 shares at $355.84 per share price.Also, On Apr 19, 2016, J. Richard Kushel (Senior Managing Director) sold 6,086 shares at $356.90 per share price.On Mar 3, 2016, Laurence Fink (Chairman and CEO) sold 37,600 shares at $321.82 per share price.
BlackRock: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in BlackRock which led to swings in the share price. The shares opened for trading at $361.56 and hit $365.92 on the upside , eventually ending the session at $364.59, with a gain of 0.20% or 0.74 points. The heightened volatility saw the trading volume jump to 4,47,489 shares. The 52-week high of the share price is $369.33 and the company has a market cap of $59,562 M . The 52-week low of the share price is at $275.
Company has been under the radar of several Street Analysts.BlackRock is Upgraded by Citigroup to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Apr 19, 2016.BlackRock is Reiterated by RBC Capital Mkts to Outperform and the brokerage firm has raised the Price Target to $ 392 from a previous price target of $367 .The Rating was issued on Apr 15, 2016.BlackRock is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 390 from a previous price target of $350 .The Rating was issued on Apr 15, 2016.BlackRock is Reiterated by Deutsche Bank to Buy and the brokerage firm has raised the Price Target to $ 383 from a previous price target of $379 .The Rating was issued on Apr 15, 2016.
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.