The closing price of Blackrock Inc. (NYSE: BLK) was $792.09 for the day, down -2.79% from the previous closing price of $814.80. In other words, the price has decreased by -$22.71 from its previous closing price. On the day, 1188447 shares were traded. BLK stock price reached its highest trading level at $826.52 during the session, while it also had its lowest trading level at $790.18.
Ratios:
Our analysis of BLK’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.09. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.22.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, TD Cowen on January 16, 2024, Upgraded its rating to Outperform and sets its target price to $938 from $819 previously.
On December 15, 2023, JP Morgan Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $708.
Exane BNP Paribas Upgraded its Neutral to Outperform on December 12, 2023, while the target price for the stock was maintained at $885.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 28 ’24 when FINK LAURENCE sold 30,978 shares for $809.92 per share. The transaction valued at 25,089,571 led to the insider holds 414,146 shares of the business.
Lord Rachel sold 36,059 shares of BLK for $29,498,473 on Feb 23 ’24. The Senior Managing Director now owns 17,004 shares after completing the transaction at $818.06 per share. On Feb 23 ’24, another insider, Wiedman Mark, who serves as the Senior Managing Director of the company, sold 240 shares for $821.69 each. As a result, the insider received 197,207 and left with 6,480 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLK now has a Market Capitalization of 117.98B and an Enterprise Value of 117.07B. As of this moment, Blackrock’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.69, and their Forward P/E ratio for the next fiscal year is 17.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.34 while its Price-to-Book (P/B) ratio in mrq is 2.99. Its current Enterprise Value per Revenue stands at 6.56 whereas that against EBITDA is 14.87.
Stock Price History:
Over the past 52 weeks, BLK has reached a high of $845.00, while it has fallen to a 52-week low of $596.18. The 50-Day Moving Average of the stock is 807.25, while the 200-Day Moving Average is calculated to be 731.61.
Shares Statistics:
BLK traded an average of 590.19K shares per day over the past three months and 475.67k shares per day over the past ten days. A total of 148.50M shares are outstanding, with a floating share count of 146.50M. Insiders hold about 1.64% of the company’s shares, while institutions hold 81.64% stake in the company. Shares short for BLK as of Mar 15, 2024 were 1.78M with a Short Ratio of 3.01, compared to 1.35M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.19% and a Short% of Float of 1.20%.
Dividends & Splits
With its trailing 12-month dividend rate of 20.00, BLK has a forward annual dividend rate of 20.10. Against a Trailing Annual Dividend Yield of 2.45%, it implies a Forward Annual Dividend Yield of 2.50%. The stock’s 5-year Average Dividend Yield is 2.51. The current Payout Ratio is 54.78% for BLK, which recently paid a dividend on Mar 22, 2024 with an ex-dividend date of Mar 06, 2024. Stock splits for the company last occurred on Jun 05, 2007 when the company split stock in a 1:1 ratio.
Earnings Estimates
The firm’s stock currently is rated by 12 analysts. On average, analysts expect EPS of $9.25 for the current quarter, with a high estimate of $9.8 and a low estimate of $8.46, while EPS last year was $7.93. The consensus estimate for the next quarter is $9.83, with high estimates of $10.72 and low estimates of $9.12.
Analysts are recommending an EPS of between $44 and $37.95 for the fiscal current year, implying an average EPS of $40.57. EPS for the following year is $45.95, with 15 analysts recommending between $49.89 and $40.9.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $4.8B to a low estimate of $4.56B. As of the current estimate, Blackrock Inc.’s year-ago sales were $4.24B, an estimated increase of 9.80% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $4.82B, an increase of 8.00% less than the figure of $9.80% in the same quarter last year. There is a high estimate of $4.9B for the next quarter, whereas the lowest estimate is $4.71B.
A total of 14 analysts have provided revenue estimates for BLK’s current fiscal year. The highest revenue estimate was $20.92B, while the lowest revenue estimate was $19.41B, resulting in an average revenue estimate of $20.15B. In the same quarter a year ago, actual revenue was $17.86B, up 12.80% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $22.52B in the next fiscal year. The high estimate is $24.07B and the low estimate is $21.49B. The average revenue growth estimate for next year is up 11.80% from the average revenue estimate for this year.
