BlackRock Inc. (NYSE:BLK) saw an upside of 4.71% to $875.57 after adding $39.38 on Wednesday. The 5-day average trading volume is 501,490 shares of the company’s common stock. It has gained $867.42 in the past week. An average of 571,267 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 455,839.
BLK’s 1-month performance is -8.74% or -$50.34 on its low of $818.73 reached on 10/04/21. The company’s shares have touched a 52-week low of $587.90 and high of $959.89, with the stock’s rally to the 52-week high happening on 08/30/21. YTD, BLK has achieved 15.89% or $144.38. However, the current price is down -8.78%% from the 52-week high price.
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On Aug 16, 58 days have gone by since the last insider trading activity for BlackRock Inc. (BLK). McCombe Mark (Senior Managing Director) most recently sold 2,000 shares at $910.50 per share on Aug 16. This transaction cost the insider $1,821,000. General Counsel and CLO, Meade Christopher J., sold 2,106 shares at a price of $877.24 on Jul 20. Then, on Jul 15, Senior Managing Director Wiedman Mark sold 175 shares at a price of $884.50 per share. This transaction amounted to $154,787.
The company’s PE ratio for the last five years has touched a high of 26.84 and a low of 10.38. BLK stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.03 while the price-to-book (PB) in the most recent quarter is 3.54, with the price to cash flow ratio at 81.70.
BlackRock Inc. pays an annual dividend of $16.52 per share. Its dividend yield is 1.89% and the payout ratio is 43.10%. BLK’s most recent quarterly dividend payment was made on Sep. 22, when it paid $4.13 a share compared with prior rate of $4.13, down 0.0% from last year’s. The company has boosted its dividend for the last 12 consecutive years with the latest dividend increase of $0.50 reported on Thursday January 21 2021. Measured over the last 3 years, the Dividend has been growing by 45.20% yearly.
It is projected that BlackRock Inc.’s next ex-dividend date will be on 3-Dec-2021. BLK is expected to distribute $4.13 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.18, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is 82.50%. while for the period ending June 29; BlackRock Inc.’s operating margin was 39.20%. The firm’s gross profit as reported stood at $5.7 billion against revenue of $16.2 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BLK to announce $9.46 per share in earnings in its latest quarter, but it posted $10.03, representing a 6.00% surprise. EBITDA for the quarter stood at more than $2.03 billion. BLK stock balance sheet for the quarter ending June 29 shows that, with total debt at $7.22 billion. Shareholders hold equity totaling $152.2 million
Let’s look briefly at BlackRock Inc. (BLK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 56.79% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.87%.
The stock’s 5-day moving average is $845.72, reflecting a +3.39% or $28.37 change from its current price. BLK is currently trading -4.81% above its 20-day SMA, +0.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -1.62% and +21.93% respectively.
Stochastic %K and %D was 47.66% and 39.75% and the average true range (ATR) pointed at 19.34. The RSI (14) points at 50.24%, while the 14-day stochastic is at 81.54% with the period’s ATR at 18.72. The stock’s 9-day MACD Oscillator is pointing at 5.91 and -1.17 on the 14-day charts.
In the most recent analyst report for BlackRock Inc. (NYSE: BLK), Deutsche Bank upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for BLK stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate BLK as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is BLK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $797.00 and a high of $1052.00, with their median price target at $978.00. Looking at these predictions, the average price target given by analysts is for BlackRock Inc. (BLK) stock is $980.45.