Will BlackRock (BLK) Stock Weather Calls for CEO Resignation?

By Ken Smith • Saturday, December 10 11:58 • Permanent Link

Today Barrons is reporting: "North Carolina Treasurer Calls for BlackRock CEO Fink's Ouster Over ESG Stance ..." For full coverage click here. Shares of the large-cap Financial Services company are currently trading at $706.95.

BlackRock, Inc. is a publicly owned investment manager. The company belongs to the Financial Services sector, which has an average price to earnings (P/E) ratio of 13.34 and an average price to book (P/B) ratio of 1.95. In contrast, BlackRock has a trailing 12 month P/E ratio of 19.6 and a P/B ratio of 2.9.

BlackRock has moved -23.0% over the last year compared to -15.7% for the S&P 500 -- a difference of -7.2%. BlackRock has a 52 week high of $933.06 and a 52 week low of $503.12. At today's price of $706.95 per share, BlackRock is 5.41% away from its target price of $670.67, and on average, analysts give the stock a rating of buy. 2.1% of the company's shares are linked to short positions, and 80.4% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.