Blackrock Inc Gets a Hold Rating from Jefferies


Jefferies analyst Daniel Fannon reiterated a Hold rating on Blackrock Inc (NYSE: BLK) on July 11 and set a price target of $556. The company’s shares opened today at $503.96.

According to TipRanks.com, Fannon is a top 100 analyst with an average return of 15.9% and a 77.2% success rate. Fannon covers the Financial sector, focusing on stocks such as WisdomTree Investments, Gain Capital Holdings, and Federated Investors.

Currently, the analyst consensus on Blackrock Inc is a Strong Buy with an average price target of $633.33, which is a 25.7% upside from current levels. In a report issued on July 11, Wells Fargo also maintained a Hold rating on the stock.

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The company has a one-year high of $594.52 and a one-year low of $408.62. Currently, Blackrock Inc has an average volume of 551.3K.

Based on the recent corporate insider activity of 135 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 the provision of 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.

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