Blackrock Inc (BLK) Receives a Hold from Deutsche Bank


Deutsche Bank analyst Brian Bedell maintained a Hold rating on Blackrock Inc (BLK) today and set a price target of $431. The company’s shares opened today at $433.83.

According to TipRanks.com, Bedell is a 4-star analyst with an average return of 3.2% and a 51.0% success rate. Bedell covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Affiliated Managers, and Franklin Resources.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Blackrock Inc with a $478.10 average price target.

See today’s analyst top recommended stocks >>

Based on Blackrock Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.37 billion and net profit of $927 million. In comparison, last year the company earned revenue of $3.5 billion and had a net profit of $2.3 billion.

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BlackRock, Inc. engages in providing investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments.