Q1 2019 EPS Estimates for BlackRock, Inc. Raised by Analyst (BLK)

BlackRock, Inc. (NYSE:BLK) – Stock analysts at Jefferies Financial Group upped their Q1 2019 earnings per share estimates for BlackRock in a report …

BlackRock logo

BlackRock, Inc. (NYSE:BLK) – Stock analysts at Jefferies Financial Group upped their Q1 2019 earnings per share estimates for BlackRock in a report issued on Monday, April 8th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will earn $6.17 per share for the quarter, up from their previous estimate of $5.98. Jefferies Financial Group has a “Buy” rating and a $405.36 price objective on the stock. Jefferies Financial Group also issued estimates for BlackRock’s Q2 2019 earnings at $6.89 EPS, Q3 2019 earnings at $7.08 EPS, Q4 2019 earnings at $7.14 EPS, FY2019 earnings at $27.28 EPS and FY2020 earnings at $30.06 EPS.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, January 16th. The asset manager reported $6.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $6.35 by ($0.27). BlackRock had a net margin of 30.32% and a return on equity of 13.51%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the firm posted $6.24 earnings per share. BlackRock’s revenue for the quarter was down 8.8% compared to the same quarter last year.

A number of other equities analysts also recently weighed in on BLK. Citigroup reduced their price target on BlackRock from $500.00 to $450.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. Zacks Investment Research reissued a “sell” rating on shares of BlackRock in a report on Monday, December 31st. Morgan Stanley cut their price objective on BlackRock from $514.00 to $489.00 and set an “overweight” rating for the company in a report on Friday, January 4th. Wells Fargo & Co reissued a “hold” rating and issued a $410.00 price objective (down previously from $440.00) on shares of BlackRock in a report on Tuesday, January 8th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $472.00 price target on shares of BlackRock in a research note on Wednesday, January 9th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $497.95.

NYSE:BLK opened at $442.76 on Thursday. BlackRock has a twelve month low of $360.79 and a twelve month high of $557.00. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $69.50 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.70 and a beta of 1.40.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were paid a $3.30 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $3.13. This represents a $13.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Tuesday, March 5th. BlackRock’s dividend payout ratio is currently 49.02%.

In other BlackRock news, insider J. Richard Kushel sold 3,077 shares of the company’s stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $409.29, for a total value of $1,259,385.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Mark Mccombe sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 6th. The stock was sold at an average price of $417.04, for a total value of $1,251,120.00. Following the completion of the transaction, the insider now owns 30,543 shares in the company, valued at $12,737,652.72. The disclosure for this sale can be found here. Insiders sold a total of 138,650 shares of company stock worth $57,774,089 over the last 90 days. Corporate insiders own 1.75% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in BLK. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of BlackRock by 4.5% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 30,188 shares of the asset manager’s stock worth $12,901,000 after purchasing an additional 1,303 shares in the last quarter. Old North State Trust LLC boosted its holdings in shares of BlackRock by 132.5% in the 1st quarter. Old North State Trust LLC now owns 293 shares of the asset manager’s stock worth $125,000 after purchasing an additional 167 shares in the last quarter. Trust Co. of Oklahoma boosted its holdings in shares of BlackRock by 2.5% in the 1st quarter. Trust Co. of Oklahoma now owns 2,438 shares of the asset manager’s stock worth $1,042,000 after purchasing an additional 60 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of BlackRock in the 1st quarter worth about $4,300,000. Finally, North Star Investment Management Corp. boosted its holdings in shares of BlackRock by 2,365.5% in the 1st quarter. North Star Investment Management Corp. now owns 1,430 shares of the asset manager’s stock worth $611,000 after purchasing an additional 1,372 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

About BlackRock

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

Further Reading: How is diluted EPS different from basic EPS?

Earnings History and Estimates for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BlackRock and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Canton Hathaway LLC Acquires 63 Shares of BlackRock, Inc. (BLK)

Canton Hathaway LLC lifted its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 5.2% in the 1st quarter, HoldingsChannel.com reports.

BlackRock logoCanton Hathaway LLC lifted its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 5.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,278 shares of the asset manager’s stock after buying an additional 63 shares during the quarter. Canton Hathaway LLC’s holdings in BlackRock were worth $546,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. WESPAC Advisors SoCal LLC acquired a new stake in shares of BlackRock during the fourth quarter worth about $25,000. Hanson McClain Inc. lifted its position in BlackRock by 425.0% in the fourth quarter. Hanson McClain Inc. now owns 63 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Private Ocean LLC lifted its position in BlackRock by 620.0% in the fourth quarter. Private Ocean LLC now owns 72 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 62 shares during the period. Evolution Wealth Advisors LLC acquired a new stake in BlackRock in the fourth quarter valued at about $33,000. Finally, Legacy Financial Advisors Inc. lifted its position in BlackRock by 125.6% in the fourth quarter. Legacy Financial Advisors Inc. now owns 88 shares of the asset manager’s stock valued at $35,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

In other BlackRock news, insider J. Richard Kushel sold 3,077 shares of the stock in a transaction dated Tuesday, January 29th. The shares were sold at an average price of $409.29, for a total value of $1,259,385.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert L. Goldstein sold 5,133 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $443.00, for a total transaction of $2,273,919.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 138,650 shares of company stock valued at $57,774,089. 1.75% of the stock is currently owned by corporate insiders.

Shares of NYSE:BLK opened at $442.76 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $69.50 billion, a P/E ratio of 16.44, a PEG ratio of 1.70 and a beta of 1.40. BlackRock, Inc. has a 52 week low of $360.79 and a 52 week high of $557.00.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, January 16th. The asset manager reported $6.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $6.35 by ($0.27). BlackRock had a net margin of 30.32% and a return on equity of 13.51%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period last year, the business posted $6.24 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. On average, sell-side analysts anticipate that BlackRock, Inc. will post 26.87 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were issued a $3.30 dividend. The ex-dividend date was Tuesday, March 5th. This is a boost from BlackRock’s previous quarterly dividend of $3.13. This represents a $13.20 dividend on an annualized basis and a yield of 2.98%. BlackRock’s dividend payout ratio (DPR) is 49.02%.

A number of brokerages recently commented on BLK. Jefferies Financial Group upgraded shares of BlackRock from a “hold” rating to a “buy” rating and set a $405.36 price objective for the company in a research report on Tuesday, January 29th. Credit Suisse Group reduced their price objective on shares of BlackRock from $573.00 to $529.00 and set an “outperform” rating for the company in a research report on Monday, January 14th. Morgan Stanley set a $515.00 price objective on shares of BlackRock and gave the company a “buy” rating in a research report on Friday, February 8th. Deutsche Bank raised their price objective on shares of BlackRock from $428.00 to $431.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Finally, Barclays raised their price objective on shares of BlackRock from $455.00 to $472.00 and gave the company an “overweight” rating in a research report on Tuesday, February 19th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $497.95.

COPYRIGHT VIOLATION WARNING: “Canton Hathaway LLC Acquires 63 Shares of BlackRock, Inc. (BLK)” was published by Highlight Press and is the sole property of of Highlight Press. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://highlightpress.com/2019/04/11/canton-hathaway-llc-acquires-63-shares-of-blackrock-inc-blk.html.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

Read More: How are the companies in the S&P 500 selected?

Want to see what other hedge funds are holding BLK?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BlackRock and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

BlackRock Inc. Has $30.63 Million Stake in Mastercraft Boat Holdings Inc (MCFT)

BlackRock Inc. lessened its position in Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 18.2% in the fourth quarter, HoldingsChannel.com reports.

Mastercraft Boat logoBlackRock Inc. lessened its position in Mastercraft Boat Holdings Inc (NASDAQ:MCFT) by 18.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,637,849 shares of the company’s stock after selling 363,268 shares during the period. BlackRock Inc. owned about 0.09% of Mastercraft Boat worth $30,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of Mastercraft Boat by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 15,876 shares of the company’s stock valued at $297,000 after acquiring an additional 619 shares during the period. Teachers Advisors LLC grew its position in shares of Mastercraft Boat by 1.4% in the 3rd quarter. Teachers Advisors LLC now owns 104,405 shares of the company’s stock valued at $3,746,000 after acquiring an additional 1,419 shares during the period. Summit Global Investments grew its position in shares of Mastercraft Boat by 13.4% in the 3rd quarter. Summit Global Investments now owns 25,400 shares of the company’s stock valued at $911,000 after acquiring an additional 3,000 shares during the period. Neuberger Berman Group LLC grew its position in shares of Mastercraft Boat by 9.8% in the 3rd quarter. Neuberger Berman Group LLC now owns 42,045 shares of the company’s stock valued at $1,508,000 after acquiring an additional 3,750 shares during the period. Finally, MetLife Investment Advisors LLC grew its position in shares of Mastercraft Boat by 55.3% in the 3rd quarter. MetLife Investment Advisors LLC now owns 14,297 shares of the company’s stock valued at $513,000 after acquiring an additional 5,092 shares during the period. 90.51% of the stock is owned by institutional investors.

NASDAQ MCFT opened at $23.48 on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.89 and a debt-to-equity ratio of 1.97. The stock has a market cap of $433.04 million, a PE ratio of 11.57, a P/E/G ratio of 0.59 and a beta of 1.67. Mastercraft Boat Holdings Inc has a 52-week low of $17.60 and a 52-week high of $39.50.

Mastercraft Boat (NASDAQ:MCFT) last posted its earnings results on Thursday, February 7th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.05. The company had revenue of $121.50 million during the quarter, compared to analysts’ expectations of $112.54 million. Mastercraft Boat had a net margin of 10.69% and a return on equity of 80.59%. Mastercraft Boat’s quarterly revenue was up 55.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.42 EPS. As a group, equities research analysts expect that Mastercraft Boat Holdings Inc will post 2.69 earnings per share for the current year.

A number of research analysts have recently commented on MCFT shares. BidaskClub raised shares of Mastercraft Boat from a “hold” rating to a “buy” rating in a research report on Thursday, February 28th. ValuEngine raised shares of Mastercraft Boat from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. Zacks Investment Research downgraded shares of Mastercraft Boat from a “buy” rating to a “hold” rating in a research report on Wednesday, December 19th. Finally, Wells Fargo & Co decreased their price objective on shares of Mastercraft Boat from $41.00 to $27.00 and set an “outperform” rating for the company in a research report on Tuesday, December 18th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $38.00.

COPYRIGHT VIOLATION WARNING: “BlackRock Inc. Has $30.63 Million Stake in Mastercraft Boat Holdings Inc (MCFT)” was originally published by Highlight Press and is the sole property of of Highlight Press. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://highlightpress.com/2019/04/11/blackrock-inc-has-30-63-million-stake-in-mastercraft-boat-holdings-inc-mcft.html.

Mastercraft Boat Profile

MasterCraft Boat Holdings, Inc, through its subsidiaries, designs, manufactures, and markets recreational powerboats. The company operates in two segments, MasterCraft and NauticStar. It offers sport boats and outboard boats, which are used for water skiing, wakeboarding, wake surfing, and fishing, as well as general recreational boating.

Further Reading: Is it Safe to Invest in Commodities?

Want to see what other hedge funds are holding MCFT?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mastercraft Boat Holdings Inc (NASDAQ:MCFT).

Institutional Ownership by Quarter for Mastercraft Boat (NASDAQ:MCFT)

Receive News & Ratings for Mastercraft Boat Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Mastercraft Boat and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

BlackRock, Inc. (NYSE:BLK) Shares Bought by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. lifted its position in BlackRock, Inc. (NYSE:BLK) by 8.7% during the 4th quarter, according to the company in its most …

BlackRock logoFirst Allied Advisory Services Inc. lifted its position in BlackRock, Inc. (NYSE:BLK) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,652 shares of the asset manager’s stock after purchasing an additional 611 shares during the quarter. First Allied Advisory Services Inc.’s holdings in BlackRock were worth $3,005,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rehmann Capital Advisory Group grew its stake in shares of BlackRock by 51,763.3% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,084,461 shares of the asset manager’s stock worth $2,300,000 after acquiring an additional 1,082,370 shares in the last quarter. Capital International Investors acquired a new stake in BlackRock during the 3rd quarter valued at $477,939,000. Flossbach Von Storch AG lifted its holdings in BlackRock by 114.1% during the 4th quarter. Flossbach Von Storch AG now owns 582,743 shares of the asset manager’s stock valued at $228,913,000 after purchasing an additional 310,623 shares during the last quarter. Beutel Goodman & Co Ltd. acquired a new stake in BlackRock during the 4th quarter valued at $6,039,000. Finally, Partner Fund Management L.P. acquired a new stake in shares of BlackRock during the fourth quarter worth $65,513,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

BLK has been the subject of a number of research reports. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “buy” rating and set a $491.00 price target on the stock in a research report on Tuesday, April 2nd. Deutsche Bank raised their price target on BlackRock from $428.00 to $431.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Barclays lifted their target price on BlackRock from $472.00 to $490.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Bank of America reiterated a “buy” rating and issued a $498.00 target price (up previously from $490.00) on shares of BlackRock in a research report on Friday, March 8th. Finally, Morgan Stanley set a $515.00 price target on BlackRock and gave the stock a “buy” rating in a report on Friday, February 8th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $497.95.

Shares of BlackRock stock opened at $442.76 on Thursday. The firm has a market cap of $69.50 billion, a P/E ratio of 16.44, a P/E/G ratio of 1.74 and a beta of 1.40. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.64. BlackRock, Inc. has a 12-month low of $360.79 and a 12-month high of $557.00.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Wednesday, January 16th. The asset manager reported $6.08 EPS for the quarter, missing analysts’ consensus estimates of $6.35 by ($0.27). BlackRock had a net margin of 30.32% and a return on equity of 13.51%. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the company earned $6.24 EPS. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities analysts anticipate that BlackRock, Inc. will post 26.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were issued a dividend of $3.30 per share. This is a boost from BlackRock’s previous quarterly dividend of $3.13. The ex-dividend date was Tuesday, March 5th. This represents a $13.20 dividend on an annualized basis and a yield of 2.98%. BlackRock’s dividend payout ratio is 49.02%.

In other BlackRock news, Director Jeff A. Smith sold 225 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $431.01, for a total value of $96,977.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert L. Goldstein sold 5,133 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $443.00, for a total value of $2,273,919.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,650 shares of company stock worth $57,774,089. Insiders own 1.75% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Modern Readers and is the sole property of of Modern Readers. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.modernreaders.com/news/2019/04/11/blackrock-inc-blk-shares-bought-by-first-allied-advisory-services-inc.html.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

Featured Article: Analyzing a company’s cash flow statement

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BlackRock and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

Addison Capital Co Purchases New Holdings in BlackRock, Inc. (BLK)

Addison Capital Co purchased a new stake in BlackRock, Inc. (NYSE:BLK) during the first quarter, according to its most recent 13F filing with the SEC.

BlackRock logoAddison Capital Co purchased a new stake in BlackRock, Inc. (NYSE:BLK) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,423 shares of the asset manager’s stock, valued at approximately $1,890,000. BlackRock makes up 1.4% of Addison Capital Co’s holdings, making the stock its 22nd largest holding.

Several other large investors have also recently added to or reduced their stakes in BLK. Norges Bank bought a new stake in shares of BlackRock in the 4th quarter valued at about $1,092,934,000. Rehmann Capital Advisory Group boosted its holdings in shares of BlackRock by 51,763.3% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,084,461 shares of the asset manager’s stock valued at $2,300,000 after buying an additional 1,082,370 shares in the last quarter. Capital International Investors acquired a new stake in BlackRock in the 3rd quarter worth approximately $477,939,000. Flossbach Von Storch AG boosted its stake in BlackRock by 114.1% in the 4th quarter. Flossbach Von Storch AG now owns 582,743 shares of the asset manager’s stock worth $228,913,000 after purchasing an additional 310,623 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. acquired a new stake in BlackRock in the 4th quarter worth approximately $6,039,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

A number of research firms recently commented on BLK. Zacks Investment Research upgraded shares of BlackRock from a “hold” rating to a “buy” rating and set a $491.00 target price for the company in a research note on Tuesday, April 2nd. Barclays lifted their target price on shares of BlackRock from $455.00 to $472.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 19th. Morgan Stanley set a $515.00 target price on shares of BlackRock and gave the stock a “buy” rating in a research note on Friday, February 8th. Argus reiterated a “buy” rating on shares of BlackRock in a research note on Thursday, January 17th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $472.00 target price on shares of BlackRock in a research note on Wednesday, January 9th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $497.95.

BLK traded up $2.23 during trading on Wednesday, reaching $442.04. 13,102 shares of the company’s stock were exchanged, compared to its average volume of 619,005. BlackRock, Inc. has a 1 year low of $360.79 and a 1 year high of $557.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $69.50 billion, a PE ratio of 16.40, a P/E/G ratio of 1.74 and a beta of 1.40.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Wednesday, January 16th. The asset manager reported $6.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.35 by ($0.27). BlackRock had a return on equity of 13.51% and a net margin of 30.32%. The business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the business posted $6.24 earnings per share. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, analysts predict that BlackRock, Inc. will post 26.63 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th were given a dividend of $3.30 per share. The ex-dividend date was Tuesday, March 5th. This is a positive change from BlackRock’s previous quarterly dividend of $3.13. This represents a $13.20 dividend on an annualized basis and a yield of 2.99%. BlackRock’s dividend payout ratio (DPR) is currently 49.02%.

In related news, COO Robert L. Goldstein sold 5,133 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $443.00, for a total value of $2,273,919.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Marc D. Comerchero sold 600 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $432.22, for a total transaction of $259,332.00. The disclosure for this sale can be found here. Insiders have sold a total of 138,650 shares of company stock valued at $57,774,089 over the last three months. 1.75% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: “Addison Capital Co Purchases New Holdings in BlackRock, Inc. (BLK)” was first published by Fairfield Current and is the sole property of of Fairfield Current. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.fairfieldcurrent.com/news/2019/04/10/addison-capital-co-purchases-new-holdings-in-blackrock-inc-blk.html.

About BlackRock

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

See Also: What are retained earnings?

Want to see what other hedge funds are holding BLK?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for BlackRock and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts