BlackRock (BLK) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Press coverage about BlackRock (NYSE:BLK) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BlackRock earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 46.613689461295 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Bitcoin Hedge Fund Created by 2 Former BlackRock Bond Specialists (finance.yahoo.com)
- No Reason for ECB to Extend QE Beyond September, Says Pascual (finance.yahoo.com)
- Citigroup Lowers BlackRock (BLK) to Neutral (americanbankingnews.com)
- Market Traders Alert — BlackRock, Inc. (BLK) – usstockjournal (usstockjournal.com)
- Larry Fink: Cash is trash – Seeking Alpha (seekingalpha.com)
BLK has been the topic of a number of research analyst reports. Citigroup lowered shares of BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 price objective on the stock. in a report on Thursday, January 25th. Wells Fargo & Co reissued a “market perform” rating and set a $475.00 price objective (up from $450.00) on shares of BlackRock in a report on Thursday, October 12th. Argus restated a “buy” rating and set a $620.00 target price (up from $520.00) on shares of BlackRock in a research report on Tuesday, January 16th. Zacks Investment Research upgraded shares of BlackRock from a “hold” rating to a “buy” rating and set a $501.00 target price for the company in a research report on Tuesday, October 3rd. Finally, Credit Suisse Group restated a “buy” rating and set a $680.00 target price on shares of BlackRock in a research report on Friday, January 12th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. BlackRock presently has a consensus rating of “Buy” and a consensus target price of $547.92.
BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.94 by $0.30. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. The company had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the prior year, the company earned $5.14 EPS. BlackRock’s revenue was up 20.0% compared to the same quarter last year. equities research analysts expect that BlackRock will post 28.52 earnings per share for the current year.
The firm also recently disclosed 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 2.02%. The ex-dividend date is Tuesday, March 6th. This is a boost from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s dividend payout ratio is currently 33.00%.
In other news, Director Susan Wagner sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $506.10, for a total value of $2,024,400.00. Following the completion of the sale, the director now owns 481,915 shares of the company’s stock, valued at approximately $243,897,181.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeff A. Smith sold 100 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $477.54, for a total transaction of $47,754.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,525 shares of company stock valued at $2,312,687. 1.86% of the stock is owned by corporate insiders.
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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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