BlackRock (BLK) Getting Somewhat Favorable Press Coverage, Study Shows
News headlines about BlackRock (NYSE:BLK) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. BlackRock earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 45.8745264046812 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have effected Accern’s scoring:
- Price wars heat up as Lyxor launches low cost ETFs in Europe (finance.yahoo.com)
- BlackRock (BLK) Cut to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Kroger’s Fred Meyer plans to phase out firearms business – Reuters (reuters.com)
- Glistening Stock’s Review – BlackRock Inc (NYSE: BLK) – Stocks Market Cap (stocksmarketcap.com)
- [$$] Will BlackRock’s algorithms beat the fund managers? (finance.yahoo.com)
A number of equities research analysts have recently commented on BLK shares. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “strong-buy” rating and set a $614.00 target price on the stock in a research note on Thursday, January 11th. Citigroup lifted their target price on BlackRock to $625.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Jefferies Group lifted their target price on BlackRock to $565.00 and gave the stock a “hold” rating in a research note on Monday, January 15th. Credit Suisse Group reiterated a “buy” rating and set a $680.00 target price on shares of BlackRock in a research note on Friday, January 12th. Finally, ValuEngine cut BlackRock from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $567.15.
BlackRock (NYSE:BLK) last posted its earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.94 by $0.30. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a return on equity of 12.31% and a net margin of 39.79%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.14 EPS. research analysts predict that BlackRock will post 28.46 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Wednesday, March 7th will be issued a dividend of $2.88 per share. This represents a $11.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Tuesday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s payout ratio is presently 38.02%.
In other news, insider Jeff A. Smith sold 1,250 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $536.57, for a total transaction of $670,712.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Deryck C. Maughan acquired 3,861 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were acquired at an average cost of $573.44 per share, with a total value of $2,214,051.84. Following the acquisition, the director now directly owns 12,265 shares of the company’s stock, valued at approximately $7,033,241.60. The disclosure for this purchase can be found here. Insiders have sold a total of 20,961 shares of company stock valued at $11,375,444 in the last ninety days. Insiders own 1.86% of the company’s stock.
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BlackRock Company Profile
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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