BlackRock (NYSE:BLK) Given New $1,133.00 Price Target at Deutsche Bank Aktiengesellschaft

BlackRock (NYSE:BLK) had its price objective upped by Deutsche Bank Aktiengesellschaft from $1,105.00 to $1,133.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the asset manager’s stock.

Several other brokerages also recently commented on BLK. JPMorgan Chase & Co. raised their target price on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Evercore ISI raised their target price on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. TD Cowen raised their target price on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Barclays raised their target price on BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, Morgan Stanley raised their target price on BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,019.62.

BlackRock Stock Performance

NYSE BLK opened at $1,053.84 on Monday. The firm has a market capitalization of $156.11 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.86 and a beta of 1.30. BlackRock has a 1-year low of $658.14 and a 1-year high of $1,068.34. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The business’s 50-day simple moving average is $953.10 and its 200-day simple moving average is $861.57.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.42 by $1.04. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $10.91 EPS. Equities analysts predict that BlackRock will post 43.16 EPS for the current year.

Insider Activity

In other news, Director Mark Wiedman sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at approximately $5,832,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On BlackRock

Institutional investors have recently made changes to their positions in the company. Axxcess Wealth Management LLC boosted its position in BlackRock by 35.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 4,732 shares of the asset manager’s stock valued at $3,945,000 after purchasing an additional 1,248 shares during the period. Cetera Investment Advisers boosted its position in BlackRock by 219.5% during the 1st quarter. Cetera Investment Advisers now owns 44,065 shares of the asset manager’s stock valued at $36,737,000 after purchasing an additional 30,274 shares during the period. M&G Plc acquired a new position in BlackRock during the 1st quarter valued at approximately $161,918,000. GAMMA Investing LLC boosted its position in BlackRock by 62.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,291 shares of the asset manager’s stock valued at $1,804,000 after purchasing an additional 884 shares during the period. Finally, CreativeOne Wealth LLC acquired a new position in BlackRock during the 1st quarter valued at approximately $759,000. 80.69% of the stock is currently owned by 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.