BlackRock (BLK) is Reiterated by UBS to Buy, Raises Price Target to $ 430

BlackRock (BLK) was Reiterated by UBS to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 430 from a previous price target of $415 . UBS advised their investors in a research report released on Oct 19, 2016.

Many Wall Street Analysts have commented on BlackRock. Company shares were Reiterated by Deutsche Bank on Sep 9, 2016 to “Buy”, Firm has raised the Price Target to $ 414 from a previous price target of $404 .

On the company’s financial health, BlackRock reported $5.14 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Oct 18, 2016. Analyst had a consensus of $4.99. The company had revenue of $2837.00 million for the quarter, compared to analysts expectations of $2893.96 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $5.00 EPS.

BlackRock opened for trading at $354.8 and hit $357.27 on the upside on Friday, eventually ending the session at $354.91, with a gain of 1.59% or 5.57 points. The heightened volatility saw the trading volume jump to 7,90,278 shares. Company has a market cap of $57,736 M.

In a different news, on Aug 31, 2016, Mark Mccombe (Senior Managing Director) sold 1,400 shares at $374.92 per share price. According to the SEC, on Aug 31, 2016, James Grosfeld (director) sold 38,379 shares at $375.18 per share price. On Aug 9, 2016, Susan Wagner (director) sold 13,076 shares at $373.09 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.


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