Blackrock Inc. (BLK) Files Form 4 Insider Selling : Susan Wagner Sells 8,665 Shares

Blackrock Inc. (BLK): Susan Wagner , director of Blackrock Inc. sold 8,665 shares on Jun 1, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $365.39 per share for a total value of $3,166,080.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, 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.Also, On Apr 19, 2016, Jeff A Smith (Senior Managing Director) sold 2,650 shares at $355.84 per share price.On Mar 3, 2016, Laurence Fink (Chairman and CEO) sold 37,600 shares at $321.82 per share price.

Shares of BlackRock (BLK) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -1.74 points or -0.48% at $359.37 with 4,73,860 shares getting traded. Post opening the session at $358.49, the shares hit an intraday low of $351.88 and an intraday high of $359.88 and the price vacillated in this range throughout the day. The company has a market cap of $58,709 M and the number of outstanding shares has been calculated to be 16,33,66,740 shares. The 52-week high of BlackRock is $369.33 and the 52-week low is $275.

BlackRock Money Flow Index Chart

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.

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