Earnings On Deck For BlackRock, Inc

Judith Bessette
Julho 17, 2017

Institutional investors and hedge funds own 80.84% of the company's stock. Wells Fargo & Company MN raised its stake in BlackRock by 4.1% in the first quarter. Alyeska Investment Group L.P. now owns 91,479 shares of the asset manager's stock worth $34,811,000 after buying an additional 66,503 shares during the period. AQR Capital Management LLC boosted its stake in BlackRock by 51.0% in the fourth quarter. Strategic Financial Services Inc now owns 11,894 shares of the asset manager's stock worth $4,561,000 after buying an additional 105 shares in the last quarter. Finally, Adirondack Trust Co. boosted its position in BlackRock by 7.1% in the first quarter. Legal & General Group Plc now owns 572,559 shares of the asset manager's stock worth $219,579,000 after buying an additional 18,978 shares in the last quarter. Comerica Securities Inc.'s holdings in BlackRock were worth $811,000 at the end of the most recent quarter. (NYSE:BLK) stock. Over the past few months, insider ownership has seen a move of -1.56% while institutional ownership has changed -0.36%.

The biggest institutional shareholders in BlackRock, Inc. include Government Pension Fund of Norway - Global which owns 12 million shares in the company valued at $3.74 B million. (NYSE BLK) opened at 431.91 on Wednesday.

The P/E ratio is 21.690 and the market cap of the company is 71.90B. The company has a 50 day moving average of $410.09 and a 200-day moving average of $390.31.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, April 19th.

For the second quarter, net income attributable to BlackRock increased 9 percent to $857 million from last year's $789 million. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period a year ago, the business earned $4.25 earnings per share.

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BlackRock, the largest asset manager in the world, posted second-quarter earnings and revenue that missed expectations. Investors of record on Monday, June 5th were given a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Thursday, June 1st.

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News headlines about BlackRock (NYSE:BLK) have trended somewhat positive this week, according to Accern Sentiment Analysis.

Depending on the earnings numbers reported, BlackRock, Inc. Morgan Stanley restated a "buy" rating on shares of BlackRock in a research report on Saturday, March 18th. Jefferies Group LLC reaffirmed a "hold" rating and set a $387.00 price target on shares of BlackRock in a report on Wednesday, May 17th. Keefe, Bruyette & Woods reiterated a "hold" rating and set a $440.00 target price on shares of BlackRock in a research note on Friday. Bank of America Corporation reaffirmed a "buy" rating and set a $450.00 price target on shares of BlackRock in a report on Monday, June 19th. Finally, Deutsche Bank AG raised their price target on BlackRock from $447.00 to $449.00 and gave the company a "buy" rating in a research report on Tuesday, July 4th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. BlackRock presently has a consensus rating of "Buy" and a consensus target price of $428.23. Also, Director Susan Wagner sold 2,500 shares of the business's stock in a transaction dated Friday, June 2nd.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. Following the completion of the transaction, the director now directly owns 484,386 shares of the company's stock, valued at $200,685,963.66. Also, insider Mark Mccombe sold 500 shares of the firm's stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $405.98, for a total transaction of $202,990.00.

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