News stories about BlackRock (NYSE:BLK) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BlackRock earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 46.3634941533598 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
A number of research firms have issued reports on BLK. Credit Suisse Group reissued a “buy” rating and set a $680.00 price target on shares of BlackRock in a research report on Friday. Zacks Investment Research raised shares of BlackRock from a “hold” rating to a “strong-buy” rating and set a $614.00 price target for the company in a research report on Thursday. Wells Fargo & Co reaffirmed a “market perform” rating and set a $475.00 price objective (up previously from $450.00) on shares of BlackRock in a research note on Thursday, October 12th. JPMorgan Chase & Co. raised their price objective on shares of BlackRock to $558.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $465.00 price objective on shares of BlackRock in a research note on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $510.67.
BlackRock (NYSE:BLK) opened at $555.53 on Friday. BlackRock has a fifty-two week low of $365.83 and a fifty-two week high of $556.37. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $89,069.24, a price-to-earnings ratio of 24.53, a PEG ratio of 1.53 and a beta of 1.81.
BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 EPS for the quarter, topping the consensus estimate of $5.94 by $0.30. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.14 EPS. research analysts expect that BlackRock will post 27.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be issued a $2.88 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 annualized dividend and a yield of 2.07%. BlackRock’s payout ratio is 33.00%.
In other BlackRock news, Director Susan Wagner sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the sale, the director now directly owns 481,915 shares in the company, valued at $243,897,181.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeff A. Smith sold 100 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was 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. 1.86% of the stock is currently owned by 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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