News articles about BlackRock (NYSE:BLK) have trended somewhat positive recently, Accern reports. The research firm identifies positive and negative media coverage by reviewing more than twenty 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 news sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 46.1535038753804 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s analysis:
- Zacks: Brokerages Expect BlackRock, Inc. (BLK) Will Announce Earnings of $6.41 Per Share (americanbankingnews.com)
- BlackRock (BLK) Q4 2017 Earnings Conference Call Transcript (fool.com)
- BlackRock tops estimates as net flows set record (marketwatch.com)
- Dillard’s, BlackRock climb while Facebook and Aflac tumble (washingtonpost.com)
- Edited Transcript of BLK earnings conference call or presentation 12-Jan-18 1:30pm GMT (finance.yahoo.com)
BlackRock (NYSE BLK) opened at $555.53 on Friday. BlackRock has a twelve month low of $365.83 and a twelve month high of $556.37. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $89,070.00, a price-to-earnings ratio of 18.33, a P/E/G ratio of 1.53 and a beta of 1.81.
BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.94 by $0.30. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the business posted $5.14 EPS. BlackRock’s revenue for the quarter was up 20.0% compared to the same quarter last year. analysts anticipate that BlackRock will post 27.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be given a dividend of $2.88 per share. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 dividend on an annualized basis and a dividend yield of 2.07%. BlackRock’s dividend payout ratio (DPR) is presently 33.00%.
Several equities analysts recently issued reports on the company. Credit Suisse Group reaffirmed an “outperform” rating on shares of BlackRock in a research report on Thursday, October 12th. Barclays upped their price objective on BlackRock from $475.00 to $500.00 and gave the company an “overweight” rating in a research report on Tuesday, October 10th. Morgan Stanley reaffirmed an “overweight” rating and issued a $501.00 price objective (up from $476.00) on shares of BlackRock in a research report on Thursday, October 5th. Goldman Sachs Group raised BlackRock from a “neutral” rating to a “buy” rating and upped their price objective for the company from $440.00 to $500.00 in a research report on Thursday, September 28th. Finally, Zacks Investment Research cut BlackRock from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $510.67.
In other news, Director Susan Wagner sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the completion of the transaction, the director now owns 481,915 shares in the company, valued at $243,897,181.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeff A. Smith sold 100 shares of the stock in a transaction dated 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. Company insiders own 1.86% of the company’s stock.
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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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