Blackrock Inc. (BLK): J. Richard Kushel , Senior Managing Director of Blackrock Inc. sold 8,000 shares on Jul 15, 2016. The Insider selling transaction was reported by the company on Jul 18, 2016 to the Securities and Exchange Commission. The shares were sold at $356.57 per share for a total value of $2,852,373.25 , 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 3, 2016, Susan Wagner (director) sold 8,665 shares at $365.39 per share price.On Jun 1, 2016, J. Richard Kushel (Senior Managing Director) sold 6,039 shares at $363.02 per share price.Also, 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.
BlackRock: On Friday, Jul 15, 2016 heightened volatility was witnessed in BlackRock which led to swings in the share price. The shares opened for trading at $355.94 and hit $357.59 on the upside , eventually ending the session at $356.85, with a gain of 0.47% or 1.66 points. The heightened volatility saw the trading volume jump to 6,54,424 shares. The 52-week high of the share price is $369.33 and the company has a market cap of $58,864 M . The 52-week low of the share price is at $275.
Company has been under the radar of several Street Analysts.BlackRock is Downgraded by Keefe Bruyette to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Jul 15, 2016.BlackRock is Reiterated by Deutsche Bank to Buy while Lowering the Price Target of the company shares to $ 363 from a previous price target of $386 . The Rating was issued on Jun 16, 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.