Somewhat Favorable News Coverage Somewhat Unlikely to Impact BlackRock (BLK) Share Price
News stories about BlackRock (NYSE:BLK) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlackRock earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 46.7257438063593 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- BlackRock CEO Fink shows no signs of entering bitcoin ETF race: Reuters (pehub.com)
- Stock Market News for Jan 15, 2018 (finance.yahoo.com)
- BlackRock (BLK) Price Target Increased to $565.00 by Analysts at Jefferies Group (americanbankingnews.com)
- BlackRock (BLK): Strong Industry, Solid Earnings Estimate Revisions (finance.yahoo.com)
- BlackRock, Inc. (BLK) Expected to Announce Quarterly Sales of $3.25 Billion (americanbankingnews.com)
BlackRock (NYSE BLK) traded up $17.61 on Monday, reaching $555.53. The company had a trading volume of 940,509 shares, compared to its average volume of 572,111. BlackRock has a 1 year low of $365.83 and a 1 year high of $556.37. The firm has a market cap of $89,070.00, a PE ratio of 18.33, a price-to-earnings-growth ratio of 1.51 and a beta of 1.81. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89.
BlackRock (NYSE:BLK) last released its earnings results on Friday, January 12th. The asset manager reported $6.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.94 by $0.30. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the firm posted $5.14 EPS. BlackRock’s revenue for the quarter was up 20.0% on a year-over-year basis. equities research analysts anticipate that BlackRock will post 27.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be paid a dividend of $2.88 per share. This represents a $11.52 annualized dividend and a yield of 2.07%. This is a boost from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s payout ratio is presently 33.00%.
Several equities research analysts recently issued reports on BLK shares. Jefferies Group reiterated a “hold” rating and issued a $440.00 price objective on shares of BlackRock in a report on Tuesday, September 26th. Goldman Sachs Group upgraded BlackRock from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $440.00 to $500.00 in a report on Thursday, September 28th. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “buy” rating and set a $501.00 price objective on the stock in a report on Tuesday, October 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $501.00 price objective (up previously from $476.00) on shares of BlackRock in a report on Thursday, October 5th. Finally, Barclays boosted their price objective on BlackRock from $475.00 to $500.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $519.00.
In other news, insider Jeff A. Smith sold 100 shares of the company’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $477.54, for a total transaction of $47,754.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Wagner sold 4,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $506.10, for a total value of $2,024,400.00. Following the transaction, the director now directly owns 481,915 shares of the company’s stock, valued at $243,897,181.50. The disclosure for this sale can be found here. Insiders own 1.86% of the company’s stock.
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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