The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Blackrock Inc (NYSE: BLK) closed at $980.76 down -3.16% from its previous closing price of $1012.74. In other words, the price has decreased by -$3.16 from its previous closing price. On the day, 0.96 million shares were traded. BLK stock price reached its highest trading level at $1011.16 during the session, while it also had its lowest trading level at $978.305.
Ratios:
For a deeper understanding of Blackrock Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.82 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.33. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.34.
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 this company, Wells Fargo on September 12, 2024, initiated with a Overweight rating and assigned the stock a target price of $1000.
On August 27, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $985.
TD Cowen Upgraded its Market Perform to Outperform on January 16, 2024, whereas the target price for the stock was revised from $819 to $938.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 06 ’24 when Wiedman Mark sold 36,190 shares for $1045.90 per share. The transaction valued at 37,851,104 led to the insider holds 6,480 shares of the business.
Meade Christopher J. sold 18,000 shares of BLK for $18,824,988 on Dec 06 ’24. The General Counsel and CLO now owns 8,628 shares after completing the transaction at $1045.83 per share. On Dec 05 ’24, another insider, Goldstein Robert L., who serves as the Chief Operating Officer of the company, sold 54,000 shares for $1046.03 each. As a result, the insider received 56,485,636 and left with 41,916 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 151899144192 and an Enterprise Value of 154248052736. As of this moment, Blackrock’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.20, and their Forward P/E ratio for the next fiscal year is 20.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.49 while its Price-to-Book (P/B) ratio in mrq is 3.52. Its current Enterprise Value per Revenue stands at 7.967 whereas that against EBITDA is 20.1.
Stock Price History:
Over the past 52 weeks, BLK has reached a high of $1082.45, while it has fallen to a 52-week low of $745.55. The 50-Day Moving Average of the stock is -4.61%, while the 200-Day Moving Average is calculated to be 10.41%.
Shares Statistics:
For the past three months, BLK has traded an average of 649.82K shares per day and 637450 over the past ten days. A total of 147.95M shares are outstanding, with a floating share count of 143.68M. Insiders hold about 7.23% of the company’s shares, while institutions hold 75.30% stake in the company. Shares short for BLK as of 1734048000 were 1580493 with a Short Ratio of 2.43, compared to 1731628800 on 2138587. Therefore, it implies a Short% of Shares Outstanding of 1580493 and a Short% of Float of 1.0299999.
Dividends & Splits
According to the company, the forward annual dividend rate for BLK is 20.40, from 5.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.004937101The stock’s 5-year Average Dividend Yield is 2.43.
