Yesterday, the Senior MD of Blackrock (BLK), Mark Mccombe, sold shares of BLK for $1.07M.
Following Mark Mccombe’s last BLK Sell transaction on July 22, 2020, the stock climbed by 153.4%. In addition to Mark Mccombe, 2 other BLK executives reported Sell trades in the last month.
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Based on Blackrock’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $4.48 billion and quarterly net profit of $1.55 billion. In comparison, last year the company earned revenue of $3.98 billion and had a net profit of $1.3 billion. The company has a one-year high of $788.00 and a one-year low of $323.98. Currently, Blackrock has an average volume of 165.51K.
Based on 7 analyst ratings, the analyst consensus is Strong Buy with an average price target of $832.33, reflecting a -13.5% downside.
The insider sentiment on Blackrock has been negative according to 157 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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. The company was founded by Ralph L. Schlosstein, Susan L. Wagner, Robert Steven Kapito, and Laurence Douglas Fink in 1988 and is headquartered in New York, NY.
