Headlines about BlackRock (NYSE:BLK) have trended positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. BlackRock earned a news impact score of 2.09 on their scale. InfoTrie also assigned news headlines about the asset manager an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted BlackRock’s score:
A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. set a $547.00 price target on shares of BlackRock and gave the stock a “buy” rating in a report on Sunday, July 8th. ValuEngine raised shares of BlackRock from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Morgan Stanley cut their price target on shares of BlackRock from $624.00 to $607.00 and set an “overweight” rating on the stock in a report on Thursday, July 12th. Barclays cut their price target on shares of BlackRock from $615.00 to $595.00 and set an “overweight” rating on the stock in a report on Tuesday, July 17th. Finally, Keefe, Bruyette & Woods raised shares of BlackRock from a “market perform” rating to an “outperform” rating and set a $590.00 price target on the stock in a report on Friday, July 13th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $569.08.
NYSE BLK traded up $1.24 during trading on Monday, hitting $411.00. 752,581 shares of the company’s stock traded hands, compared to its average volume of 667,808. The company has a market cap of $65.39 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.23 and a beta of 1.54. BlackRock has a 12-month low of $376.31 and a 12-month high of $594.52. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 0.88.
BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, October 16th. The asset manager reported $7.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.93 by $0.59. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.65 billion. BlackRock had a net margin of 39.92% and a return on equity of 13.76%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.76 earnings per share. As a group, equities research analysts anticipate that BlackRock will post 27.71 EPS for the current year.
In other BlackRock news, Director William E. Ford acquired 2,000 shares of the company’s stock in a transaction on Monday, October 22nd. The shares were acquired at an average cost of $395.21 per share, with a total value of $790,420.00. Following the completion of the acquisition, the director now directly owns 9,466 shares in the company, valued at $3,741,057.86. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.75% of the stock is owned by corporate insiders.
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BlackRock Company Profile
BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.
Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers
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