Blackrock Inc (BLK) Gets a Hold Rating from Wells Fargo

In a report released today, Christopher Harris from Wells Fargo maintained a Hold rating on Blackrock Inc (BLKResearch Report). The company’s shares closed last Monday at $444.45.

According to TipRanks.com, Harris is a 4-star analyst with an average return of 8.8% and a 63.9% success rate. Harris covers the Financial sector, focusing on stocks such as BrightSphere Investment Group plc, Intercontinental Exchange, and Cboe Global Markets Inc.

Blackrock Inc has an analyst consensus of Moderate Buy, with a price target consensus of $500.88, a 14.4% upside from current levels. In a report issued on October 7, BMO Capital also initiated coverage with a Hold rating on the stock with a $445.00 price target.

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Based on Blackrock Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.61 billion and net profit of $1 billion. In comparison, last year the company earned revenue of $3.63 billion and had a net profit of $1.22 billion.

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BlackRock, Inc. engages in providing investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments.