Stock Worth Watching: Blackrock Inc (NYSE:BLK) Institutional Investor Sentiment Is 1.14

November 24, 2016 - By Vivian Park   ·   0 Comments

Stock Worth Watching: Blackrock Inc (NYSE:BLK) Institutional Investor Sentiment Is 1.14

Sentiment for Blackrock Inc (NYSE:BLK)

Blackrock Inc (NYSE:BLK) institutional sentiment increased to 1.14 in 2016 Q2. Its up 0.18, from 0.96 in 2016Q1. The ratio is positive, as 334 investment professionals started new or increased holdings, while 348 sold and reduced their holdings in Blackrock Inc. The investment professionals in our partner’s database reported: 129.74 million shares, down from 143.56 million shares in 2016Q1. Also, the number of investment professionals holding Blackrock Inc in their top 10 holdings decreased from 28 to 21 for a decrease of 7. Sold All: 66 Reduced: 282 Increased: 279 New Position: 55.

BlackRock, Inc. is an investment management company. The company has a market cap of $60.21 billion. The Firm provides a range of investment and risk management services to institutional and retail clients across the world. It has a 19.6 P/E ratio. The Company’s offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.

The stock decreased 0.05% or $0.19 on November 23, hitting $372.99. About 517,837 shares traded hands. BlackRock, Inc. (NYSE:BLK) has risen 2.06% since April 22, 2016 and is uptrending. It has underperformed by 3.35% the S&P500.

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on January, 20. They expect $5.11 earnings per share, up 7.58% or $0.36 from last year’s $4.75 per share. BLK’s profit will be $824.88 million for 18.25 P/E if the $5.11 EPS becomes a reality. After $5.14 actual earnings per share reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts -0.58% negative EPS growth.

According to Zacks Investment Research, “BlackRock, Inc. is one of the largest investment management firms in the United States. The company offers a variety of investment products to institutional and individual investors in the U.S. and internationally. The company also offers a variety of risk management services to large institutional fixed income investors.”

Mizuho Financial Group Inc holds 99.72% of its portfolio in BlackRock, Inc. for 3.07 million shares. Pnc Financial Services Group Inc. owns 34.61 million shares or 13.89% of their US portfolio. Moreover, Davis Capital Partners Llc has 12.17% invested in the company for 205,000 shares. The Illinois-based Bluespruce Investments Lp has invested 8.06% in the stock. Birch Run Capital Advisors Lp, a New York-based fund reported 50,000 shares.#img1#

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Ratings analysis reveals 62% of BlackRock’s analysts are positive. Out of 13 Wall Street analysts rating BlackRock, 8 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $304 while the high is $430. The stock’s average target of $377.87 is 1.31% above today’s ($372.99) share price. BLK was included in 54 notes of analysts from August 26, 2015. The firm has “Buy” rating given on Tuesday, January 26 by Deutsche Bank. The firm earned “Equal-Weight” rating on Thursday, October 13 by Barclays Capital. The stock of BlackRock, Inc. (NYSE:BLK) earned “Buy” rating by Deutsche Bank on Friday, January 8. The stock of BlackRock, Inc. (NYSE:BLK) has “Outperform” rating given on Tuesday, April 12 by Credit Suisse. The rating was upgraded by Credit Suisse on Thursday, September 10 to “Outperform”. Deutsche Bank maintained it with “Buy” rating and $400 target price in Friday, August 5 report. Deutsche Bank maintained it with “Buy” rating and $383 target price in Thursday, June 16 report. The stock of BlackRock, Inc. (NYSE:BLK) has “Buy” rating given on Thursday, April 14 by Citigroup. The rating was maintained by Argus Research on Monday, January 18 with “Buy”. Keefe Bruyette & Woods downgraded BlackRock, Inc. (NYSE:BLK) rating on Friday, July 15. Keefe Bruyette & Woods has “Market Perform” rating and $383 price target.

BLK Company Profile

BlackRock, Inc., incorporated on February 13, 2006, is an investment management company. The Firm provides a range of investment and risk management services to institutional and retail clients across the world. The Company’s product offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. The Company’s products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Firm offers its BlackRock Solutions (BRS) investment and risk management technology platform, Aladdin; risk analytics, and advisory services and solutions to a range of institutional investors.

More news for BlackRock, Inc. (NYSE:BLK) were recently published by: Businesswire.com, which released: “BlackRock Introduces Changes to LifePath Target Date Fund Series” on November 18, 2016. Wsj.com‘s article titled: “BlackRock Plans Move to Manhattan’s West Side” and published on November 08, 2016 is yet another important article.

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By Vivian Park


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