Analyst Expects Blackrock Inc. (NYSE: BLK) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed BlackRock Expands Commitment to DC Advisor Channel.

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Stocks Info

As a NYSE listed company, BLK falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of Blackrock Inc. is $116.50B. A total of 0.5 million shares were traded on the day, compared to an average of 667.19K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BLK has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 16,785 shares. Over the last 12 months, there were 32 BUYs and 18 SELLs from insiders. Insiders purchased 4,142 shares during that period but sold 94,711.

In the most recent transaction, Small Martin sold 7,036 shares of BLK for 786.36 per share on Feb 02. After the transaction, the CFO & Senior Managing Director now owns 5,259 company shares. In a previous transaction on Feb 02, Kushel J. Richard sold 3,271 shares at 791.92 per share. BLK shares that Senior Managing Director owns now total 67,107.

Among the insiders who sold shares, Wiedman Mark disposed of 2,500 shares on Feb 02 at a per-share price of $788.73. This resulted in the Senior Managing Director holding 7,859 shares of BLK after the transaction. In another insider transaction, Kushel J. Richard sold 3,418 shares at $781.11 per share on Feb 01. Company shares held by the Senior Managing Director now total 70,378.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Blackrock Inc. pays an annual dividend of $20.78, resulting in a dividend yield of 2.65%, and it has a price to earnings (P/E) ratio of 21.45. BLK’s most recent ex-dividend date was 3/6/2024 when it declared a $5.10 quarterly dividend that was paid in cash on 3/22/2024. Previously, the company paid the dividend on 12/22/2023 with an ex-dividend date of 12/6/2023. The BLK stock dividend was $5.00 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BLK in the last 3 months, the mean price target is $896.90 with high estimates of $1,025.00 and low estimates of $734.00. In terms of 52-week highs and lows, BLK has a high of $819.00 and a low of $596.18.

As of this writing, BLK has an earnings estimate of $9.1 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $9.8 per share and a lower estimate of $8.46. The company reported an EPS of $10.91 in the last quarter, which was 32.10% higher than expectations of $8.26.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BLK’s latest balance sheet shows that the firm has $9.32B in Cash & Short Term Investments as of fiscal 2021. There were $9.32B in debt and $1.40B in liabilities at the time. Its Book Value Per Share was $259.34, while its Total Shareholder’s Equity was $38.89B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BLK is Buy with a score of 4.60.

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