J.P. Morgan analyst Ken Worthington maintained a Buy rating on Blackrock (BLK – Research Report) on January 11 and set a price target of $1031.00. The company’s shares closed last Wednesday at $885.11.
According to TipRanks.com, Worthington is a 4-star analyst with an average return of 4.4% and a 54.6% success rate. Worthington covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Bridge Investment Group, and Brookfield Asset Mng.
Blackrock has an analyst consensus of Strong Buy, with a price target consensus of $1013.44, which is a 13.2% upside from current levels. In a report issued on January 10, Jefferies also maintained a Buy rating on the stock with a $1014.00 price target.
Blackrock’s market cap is currently $134.5B and has a P/E ratio of 23.54.
Based on the recent corporate insider activity of 135 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLK in relation to earlier this year.
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.
Founded in 1988, New York-based BlackRock, Inc. is a global investment manager, and offers investment management, risk management, and advisory services for institutions, financial professionals and individuals.
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