DBS Sticks to Their Buy Rating for BlackRock (BLK)
DBS analyst Manyi Lu maintained a Buy rating on BlackRock today and set a price target of $1,250.00.
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According to TipRanks, Lu is a 5-star analyst with an average return of 21.7% and an 81.25% success rate. Lu covers the Financial sector, focusing on stocks such as HSBC Holdings, BlackRock, and Morgan Stanley.
BlackRock has an analyst consensus of Strong Buy, with a price target consensus of $1,310.67.
Based on BlackRock’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7.08 billion and a net profit of $1.91 billion. In comparison, last year the company earned a revenue of $5.42 billion and had a net profit of $1.59 billion
Based on the recent corporate insider activity of 113 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. Last month, Laurence Fink, the Chairman & CEO of BLK sold 1,905.00 shares for a total of $2,058,485.85.
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