Investors purchased shares of BlackRock, Inc. (NYSE:BLK) on weakness during trading hours on Thursday. $85.74 million flowed into the stock on the tick-up and $68.43 million flowed out of the stock on the tick-down, for a money net flow of $17.31 million into the stock. Of all stocks tracked, BlackRock had the 19th highest net in-flow for the day. BlackRock traded down ($0.71) for the day and closed at $476.79

A number of research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $460.00 price objective (up previously from $422.00) on shares of BlackRock in a research report on Monday, July 10th. BidaskClub raised shares of BlackRock from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. J P Morgan Chase & Co upped their price objective on shares of BlackRock to $558.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Credit Suisse Group reaffirmed an “outperform” rating on shares of BlackRock in a research report on Tuesday, August 29th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $455.00 price objective (down previously from $465.00) on shares of BlackRock in a research report on Tuesday, July 18th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $478.50.

The stock has a market cap of $77.05 billion, a PE ratio of 22.33 and a beta of 1.72. The firm has a 50 day moving average of $442.56 and a 200 day moving average of $417.93.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, October 11th. The asset manager reported $5.92 EPS for the quarter, beating the consensus estimate of $5.49 by $0.43. BlackRock had a net margin of 29.52% and a return on equity of 12.09%. The firm had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same period last year, the firm earned $5.14 EPS. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. Equities analysts predict that BlackRock, Inc. will post $22.36 EPS for the current fiscal year.

In other BlackRock news, Director J. Richard Kushel sold 100 shares of the firm’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $481.58, for a total value of $48,158.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Robert W. Fairbairn sold 3,675 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $415.31, for a total transaction of $1,526,264.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,025 shares of company stock worth $2,162,130. Insiders own 1.86% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Financial Architects Inc grew its holdings in shares of BlackRock by 0.7% during the 2nd quarter. Financial Architects Inc now owns 291 shares of the asset manager’s stock valued at $123,000 after purchasing an additional 2 shares during the last quarter. Davis R M Inc. grew its holdings in shares of BlackRock by 0.4% during the 2nd quarter. Davis R M Inc. now owns 564 shares of the asset manager’s stock valued at $238,000 after purchasing an additional 2 shares during the last quarter. National Asset Management Inc. grew its holdings in shares of BlackRock by 0.4% during the 1st quarter. National Asset Management Inc. now owns 716 shares of the asset manager’s stock valued at $275,000 after purchasing an additional 3 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of BlackRock by 1.2% during the 2nd quarter. Proficio Capital Partners LLC now owns 262 shares of the asset manager’s stock valued at $111,000 after purchasing an additional 3 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. grew its holdings in shares of BlackRock by 0.4% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 688 shares of the asset manager’s stock valued at $291,000 after purchasing an additional 3 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

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About BlackRock

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

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