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.
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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.
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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.