BlackRock (NYSE:BLK) had its price target hoisted by equities researchers at Wells Fargo & Co from $460.00 to $480.00 in a report issued on Wednesday, The Fly reports. The firm currently has an “average” rating on the asset manager’s stock. Wells Fargo & Co‘s price target indicates a potential upside of 3.07% from the stock’s previous close.

BLK has been the subject of a number of other reports. Barclays upped their target price on BlackRock from $490.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group raised BlackRock from a “hold” rating to a “buy” rating and set a $405.36 target price for the company in a research report on Tuesday, January 29th. Credit Suisse Group decreased their target price on BlackRock from $573.00 to $529.00 and set an “outperform” rating for the company in a research report on Monday, January 14th. Morgan Stanley upped their target price on BlackRock from $536.00 to $545.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Deutsche Bank upped their target price on BlackRock from $428.00 to $431.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $509.38.

NYSE:BLK opened at $465.69 on Wednesday. The stock has a market cap of $73.45 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 1.70 and a beta of 1.40. BlackRock has a 1 year low of $360.79 and a 1 year high of $557.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.64.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, April 16th. The asset manager reported $6.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.13 by $0.48. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.30 billion. BlackRock had a return on equity of 13.51% and a net margin of 30.32%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.48 EPS. As a group, research analysts forecast that BlackRock will post 27.07 earnings per share for the current year.

In other BlackRock news, insider J. Richard Kushel sold 3,077 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $409.29, for a total transaction of $1,259,385.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Laurence Fink sold 44,000 shares of the company’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $412.75, for a total value of $18,161,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 116,598 shares of company stock valued at $48,686,551. 1.75% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. WESPAC Advisors SoCal LLC purchased a new position in shares of BlackRock during the 4th quarter worth approximately $25,000. Hanson McClain Inc. raised its stake in shares of BlackRock by 425.0% during the 4th quarter. Hanson McClain Inc. now owns 63 shares of the asset manager’s stock worth $25,000 after buying an additional 51 shares in the last quarter. Private Ocean LLC raised its stake in shares of BlackRock by 620.0% during the 4th quarter. Private Ocean LLC now owns 72 shares of the asset manager’s stock worth $28,000 after buying an additional 62 shares in the last quarter. Evolution Wealth Advisors LLC purchased a new position in shares of BlackRock during the 4th quarter worth approximately $33,000. Finally, Legacy Financial Advisors Inc. raised its stake in shares of BlackRock by 125.6% during the 4th quarter. Legacy Financial Advisors Inc. now owns 88 shares of the asset manager’s stock worth $35,000 after buying an additional 49 shares in the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

About BlackRock

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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