Currently, there are 148.50M common shares owned by the public and among those 146.75M shares have been available to trade.
The company’s stock has a 5-day price change of 2.15% and 16.81% over the past three months. BLK shares are trading 11.09% year to date (YTD), with the 12-month market performance up to 29.61% higher. It has a 12-month low price of $596.18 and touched a high of $898.66 over the same period. BLK has an average intraday trading volume of 566.18K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.50%, 7.77%, and 13.08% respectively.
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Institutional ownership of Blackrock Inc. (NYSE: BLK) shares accounts for 82.35% of the company’s 148.50M shares outstanding.
It has a market capitalization of $133.59B and a beta (3y monthly) value of 1.32. The stock’s trailing 12-month PE ratio is 22.39, while the earnings-per-share (ttm) stands at $40.28. The company has a PEG of 1.93 and the debt-to-equity ratio at 0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.33% over the week and 1.69% over the month.
Earnings per share for the fiscal year are expected to increase by 10.05%, and 11.37% over the next financial year. EPS should grow at an annualized rate of 11.62% over the next five years, compared to 6.55% over the past 5-year period.
Looking at the support for the BLK, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on August 27, 2024, with the firm’s price target at $985. TD Cowen coverage for the Blackrock Inc. (BLK) stock in a research note released on January 16, 2024 offered a Outperform rating with a price target of $938. JP Morgan was of a view on December 15, 2023 that the stock is Neutral, while Exane BNP Paribas gave the stock Outperform rating on December 12, 2023, issuing a price target of $885. Keefe Bruyette on their part issued Outperform rating on July 10, 2023.
