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.

Six runway lights at city airport damaged
An Air India express plane skidded off at the Mangalore airport in Karnataka on Sunday morning due to bad weather. According to Kumar, the aircraft did not suffer any damage and all 186 passengers on-board the aircraft were safe.

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.

WARNING: This news story was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and worldwide trademark & copyright laws.

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.

Outros relatórios LazerEsportes

Discuta este artigo