FY2017 EPS Estimates for BlackRock, Inc. (BLK) Raised by Gabelli

Mindy Sparks
January 13, 2018

Insiders own 1.86% of the company's stock. The institutional investor held 22,123 shares of the finance company at the end of 2017Q3, valued at $9.89M, up from 21,228 at the end of the previous reported quarter. BlackRock, Inc. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.09. (BLK) traded up $6.35 during trading hours on Thursday, hitting $537.92. About 859,446 shares traded or 45.41% up from the average. It has underperformed by 4.51% the S&P500.

Robert Polak increased its stake in Eqt Corp (EQT) by 262.83% based on its latest 2017Q3 regulatory filing with the SEC. Bridges Investment Management Inc acquired 10,935 shares as Blackrock Inc. The investment management company reported operating income of $1.23 billion in the same quarter of the previous year. The company has a market capitalization of $86,250.00, a PE ratio of 25.18, a P/E/G ratio of 1.57 and a beta of 1.81. The stock decreased 0.44% or $2.37 during the last trading session, reaching $531.57. EQT Corporation (NYSE:EQT) has declined 18.61% since January 11, 2017 and is downtrending. It has outperformed by 6.87% the S&P500. First Bank & Trust owns 1.36% invested in BlackRock, Inc. They expect $-0.16 EPS, up 11.11% or $0.02 from last year's $-0.18 per share. BLK's profit will be $957.10 million for 22.41 P/E if the $5.93 EPS becomes a reality.

BlackRock, Inc.'s earnings report for the fourth quarter of the year includes earnings per share of 6.24. Finally, Zacks Investment Research downgraded shares of BlackRock from a "buy" rating to a "hold" rating in a report on Tuesday, December 5th. Therefore 63% are positive. Amazon.com had 244 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, October 15 the stock rating was maintained by RBC Capital Markets with "Outperform". The firm has "Buy" rating by UBS given on Thursday, October 12. The stock has "Buy" rating by Standpoint Research on Friday, October 28. (NYSE:BLK) to report earnings on January, 12. The stock of EQT Corporation (NYSE:EQT) has "Outperform" rating given on Monday, October 24 by Credit Suisse. The stock of Lundin Mining Corporation (TSE:LUN) earned "Focus Stock" rating by Scotia Capital on Monday, August 29. On Friday, July 14 the stock rating was upgraded by Howard Weil to "Sector Outperform".


Investors sentiment increased to 1.38 in Q3 2017. Its the same as in 2017Q2. Aperio Group LLC raised its position in BlackRock by 8.6% in the 3rd quarter. Prudential Financial Inc. owned 0.11% of BlackRock worth $76,439,000 at the end of the most recent reporting period. Cambridge Tru reported 39,180 shares. Morgan Stanley restated an "overweight" rating and issued a $501.00 target price (up previously from $476.00) on shares of BlackRock in a research report on Thursday, October 5th. Asset One Ltd accumulated 404,655 shares. Kentucky Retirement stated it has 0.25% in BlackRock, Inc. 32,907 are held by Bnp Paribas Asset Mngmt Holdings Sa. It also increased its holding in Regeneron Pharmaceuticals (NASDAQ:REGN) by 1,500 shares in the quarter, for a total of 26,500 shares, and has risen its stake in Spdr S&P 500 Etf Tr (SPY). 1832 Asset Mgmt Ltd Partnership holds 728 shares or 0% of its portfolio. (NYSE:BLK) or 690 shares. Schwab Charles Investment Management Inc. now owns 418,198 shares of the asset manager's stock valued at $186,973,000 after acquiring an additional 17,491 shares during the period. Salem Investment Counselors Inc. now owns 240 shares of the asset manager's stock valued at $101,000 after purchasing an additional 30 shares in the last quarter. (NYSE:BLK). 7,813 were accumulated by Marvin & Palmer Associates Inc. Lpl Fin Lc holds 19,007 shares. (OTCMKTS:BRPIF) has 0.00% since January 11, 2017 and is. The insider Triplett Michael W sold 3,700 shares worth $647,360. The stock was sold at an average price of $506.10, for a total value of $2,024,400.00. Cary A. Bray Jr. bought $31,761 worth of stock. (NYSE:BLK). Usca Ria Ltd Liability Co invested in 0.11% or 1,994 shares. Moreover, Miller Invest LP has 0.74% invested in BlackRock, Inc.

Ratings analysis reveals 76% of BlackRock's analysts are positive. BLK was included in 77 notes of analysts from August 26, 2015. Harfst & Associates Inc. raised its holdings in BlackRock by 17.3% during the 2nd quarter. (NYSE:BLK) has "Neutral" rating given on Thursday, September 3 by Susquehanna. The firm earned "Hold" rating on Sunday, August 13 by Keefe Bruyette & Woods. Credit Suisse Ag owns 191,070 shares. The company was maintained on Tuesday, December 1 by Argus Research. Jefferies has "Hold" rating and $357 target. This indicates a relatively solid earnings per share growth rate of 20.30% over the next 1-2 years, which is an optimistic outlook in the near term. The rating was maintained by Keefe Bruyette & Woods on Friday, June 23 with "Hold". The rating was maintained by Deutsche Bank with "Buy" on Friday, January 8.

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