BlackRock, Inc. (BLK) Releases Earnings Results, Beats Estimates By $0.43 EPS

Lloyd Doyle
October 13, 2017

Stock research analysts at UBS Securities now has a $52.00 PT on Blackrock Inc (NYSE:BLK). The Los Angeles Capital Management & Equity Research Inc holds 32,386 shares with $13.68 million value, up from 27,206 last quarter. Nxp Semiconductors N V now has $39.80B valuation. It closed at $115.87 lastly. It has outperformed by 24.08% the S&P500. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since October 12, 2016 and is uptrending. Stocks with a beta lower than the market are considered to be less risky while those with a higher beta may be more risky than the market. The stock was sold at an average price of $415.31, for a total value of $1,526,264.25. BlackRock had 75 analyst reports since August 26, 2015 according to SRatingsIntel. Dynamic Cap Management has invested 0.5% in BlackRock, Inc. Wells Fargo & Company reiterated a "market perform" rating and issued a $475.00 price objective (up previously from $450.00) on shares of BlackRock in a research note on Thursday. They now have a GBX 500.00 price target on the firm. As per Thursday, September 10, the company rating was upgraded by Credit Suisse.

On October 5 Morgan Stanley held the stock rating at "Overweight" and moved up the price target from $368.00 to $501.00. The firm has "Buy" rating by Deutsche Bank given on Friday, August 5. The firm earned "Hold" rating on Friday, June 23 by Keefe Bruyette & Woods. Barclays Capital initiated BlackRock, Inc.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, October 11th. (NYSE:BLK) on Friday, August 11 with "Outperform" rating. The rating has been revealed to clients and investors in analysts report on 12 October.

Days to cover increased 1.0 to 5.0 and the short interest percentage is 0.01% as of September 29. Its up 0.30, from 0.86 in 2017Q1. Moreover, Td Asset Management has 0.01% invested in Msci Inc (NYSE:MSCI). Advantus Capital Mgmt accumulated 12,361 shares. Schwab Charles Inv Mgmt reported 400,707 shares. 2,746 are held by Pitcairn Co. Dean Investment Associate Ltd reported 17,018 shares. Oregon Employees Retirement Fund invested in 0.09% or 49,194 shares. Harbour Capital Advisors LLC boosted its holdings in BlackRock by 38,807.6% in the 2nd quarter. Da Davidson And invested in 7,969 shares or 0.08% of the stock. 83,517 are held by Robeco Institutional Asset Mngmt Bv. Holderness Com invested 0.14% of its portfolio in BlackRock, Inc. (NYSE:BLK). Endurance Wealth holds 0% of its portfolio in BlackRock, Inc. BidaskClub cut shares of BlackRock from a "strong-buy" rating to a "buy" rating in a report on Monday, July 31st. Therefore 25% are positive. As per Tuesday, October 11, the company rating was downgraded by Evercore. (NYSE:BLK). Johnson Investment Counsel owns 2,434 shares. Canaccord Genuity maintained BP plc (LON:BP) rating on Friday, June 16. The firm has "Buy" rating given on Tuesday, November 10 by Cantor Fitzgerald.

Papp L Roy & Associates increased Johnson & Johnson (NYSE:JNJ) stake by 5,145 shares to 85,389 valued at $11.30M in 2017Q2. Pra Health Sciences Inc was raised too. (NYSE:BLK). 48,445 are owned by Bnp Paribas Asset Hldgs. (NYSE:BLK) for 26,723 shares. During the same period in the previous year, the business posted $5.14 earnings per share. BLK's profit will be $901.15 million for 21.46 P/E if the $5.52 EPS becomes a reality. The asset manager reported $5.92 EPS for the quarter, topping the Zacks' consensus estimate of $5.49 by $0.43, Bloomberg Earnings reports.

Investors sentiment increased to 1.28 in Q2 2017. Its up 0.09, from 1.19 in 2017Q1.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLK. 95 funds opened positions while 320 raised stakes. 423 are held by Patten Gru. Massachusetts Financial Ser Ma accumulated 0.38% or 2.01 million shares. Price T Rowe Md has invested 0.03% in BlackRock, Inc. (NYSE:BLK). Employees Retirement System Of Texas invested in 40,900 shares. 1,814 are owned by Virtus Advisers. Finally, Vanguard Group Inc. boosted its holdings in BlackRock by 8.4% in the 2nd quarter. Weatherstone Cap Mngmt has 0.16% invested in BlackRock, Inc.

Looking at shares from a technical standpoint, Blackrock (BLK) presently has a 14-day Commodity Channel Index (CCI) of 152.61. Covenant Multifamily Offices Ltd Company reported 6,830 shares. (NYSE:BLK). Skylands Capital Limited Company stated it has 0.72% in BlackRock, Inc.

"We continue to see strong demand for iShares's ETFs driven by the evolution of the U.S. retail channel (from commission-based to fee-based), increased adoption by institutional clients and pricing reductions in its core series".

The P/E ratio is now 23.17 and market capitalization is 78.31B. The Company's 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.

In the market the company is trading up since yesterday's close of 473.93. It is down 12.19% since October 12, 2016 and is uptrending. It has underperformed by 4.51% the S&P500.

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