Blackrock Inc (NYSE: BLK) is -2.87% lower on its value in year-to-date trading and has touched a low of $745.55 and a high of $1082.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BLK stock was last observed hovering at around $1013.18 in the last trading session, with the day’s loss setting it -17.46%.
Currently trading at $995.72, the stock is -1.71% and -3.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing -1.72% at the moment leaves the stock 11.52% off its SMA200. BLK registered 25.82% gain for a year compared to 6-month gain of 18.38%. The firm has a 50-day simple moving average (SMA 50) of $1027.7032 and a 200-day simple moving average (SMA200) of $892.85504.
The stock witnessed a -5.76% loss in the last 1 month and extending the period to 3 months gives it a -1.12%, and is 0.98% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.65% over the week and 2.19% over the month.
Blackrock Inc (BLK) has around 19800 employees, a market worth around $154.22B and $20.99B in sales. Current P/E ratio is 23.71 and Fwd P/E is 18.51. Profit margin for the company is 30.35%. Distance from 52-week low is 33.55% and -8.01% from its 52-week high. The company has generated returns on investments over the last 12 months (11.51%).
with sales reaching $5.45B over the same period.The EPS is expected to grow by 9.47% this year, but quarterly earnings will post 15.27% year-over-year. Quarterly sales are estimated to grow 15.19% in year-over-year returns.
2382.0 institutions hold shares in Blackrock Inc (BLK), with institutional investors hold 81.73% of the company’s shares. The shares outstanding are 154.90M, and float is at 143.68M with Short Float at 0.95%. Institutions hold 81.04% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.22 million shares valued at $10.41 billion. The investor’s holdings represent 8.8876 of the BLK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.52 million shares valued at $7.49 billion to account for 6.3991 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.94 million shares representing 3.9952 and valued at over $4.68 billion, while TEMASEK HOLDINGS (PRIVATE) LTD holds 3.4522 of the shares totaling 5.13 million with a market value of $4.04 billion.
Blackrock Inc (BLK) Insider Activity
The most recent transaction is an insider sale by Wiedman Mark, the company’s Senior Managing Director. SEC filings show that Wiedman Mark sold 36,190 shares of the company’s common stock on Dec 06 ’24 at a price of $1045.90 per share for a total of $37.85 million. Following the sale, the insider now owns 6480.0 shares.
Blackrock Inc disclosed in a document filed with the SEC on Dec 06 ’24 that Meade Christopher J. (General Counsel and CLO) sold a total of 18,000 shares of the company’s common stock. The trade occurred on Dec 06 ’24 and was made at $1045.83 per share for $18.82 million. Following the transaction, the insider now directly holds 8628.0 shares of the BLK stock.
Still, SEC filings show that on Dec 05 ’24, Goldstein Robert L. (Chief Operating Officer) disposed off 54,000 shares at an average price of $1046.03 for $56.49 million. The insider now directly holds 41,916 shares of Blackrock Inc (BLK).
