The Street Is Finally Waking Up To Blackrock Inc. (NYSE: BLK)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Blackrock Inc. is listed on the NYSE as a member of the Financial sector and is a part of the Asset Management industry. The current market capitalization of Blackrock Inc. is $129.90B. A total of 0.66 million shares were traded on the day, compared to an average of 586.10K shares.

In the most recent transaction, Wiedman Mark sold 27,000 shares of BLK for 834.42 per share on Jul 16 ’24. After the transaction, the Senior Managing Director now owns 6,480 company shares. In a previous transaction on May 20 ’24, FINK LAURENCE sold 30,978 shares at 807.29 per share. BLK shares that Chairman and CEO owns now total 383,168.

Among the insiders who sold shares, Wiedman Mark disposed of 9,000 shares on May 10 ’24 at a per-share price of $795.00. This resulted in the Senior Managing Director holding 6,480 shares of BLK after the transaction. In another insider transaction, FINK LAURENCE sold 30,978 shares at $809.92 per share on Feb 28 ’24. Company shares held by the Chairman and CEO now total 414,146.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Blackrock Inc. pays an annual dividend of $20.20, resulting in a dividend yield of 2.30%, and it has a price to earnings (P/E) ratio of 21.76. BLK’s most recent ex-dividend date was 9/9/2024 when it declared a $5.10 quarterly dividend that was paid in cash on 9/23/2024. Previously, the company paid the dividend on 6/24/2024 with an ex-dividend date of 6/7/2024. The BLK stock dividend was $5.10 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, BLK has a high of $873.89 and a low of $596.18.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. BLK’s latest balance sheet shows that the firm has $9.32B in Cash & Short Term Investments as of fiscal 2021. There were $9.32B in debt and $1.40B in liabilities at the time. Its Book Value Per Share was $267.04, while its Total Shareholder’s Equity was $38.89B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BLK is Buy with a score of 4.65.

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