News stories about BlackRock (NYSE:BLK) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BlackRock earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 46.7540478398891 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s rankings:
- What Is BlackRock Inc’s (BLK) Share Price Doing? (finance.yahoo.com)
- [$$] Schroders and Janus Henderson to pay for research after Mifid II (finance.yahoo.com)
- BlackRock to Pay Costs of External Research Per New EU Rules – TheStreet.com (thestreet.com)
- Vermont-Based BlackRock Construction Ranks No. 42 on Exclusive 2017 Inc. 5000 (constructionequipmentguide.com)
- BlackRock says to absorb research costs under new EU rules (finance.yahoo.com)
Several equities analysts have issued reports on the company. Barclays PLC assumed coverage on BlackRock in a research report on Friday, September 8th. They set an “overweight” rating and a $475.00 target price on the stock. Credit Suisse Group reiterated an “outperform” rating on shares of BlackRock in a research report on Tuesday, August 29th. BidaskClub cut BlackRock from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Jefferies Group LLC restated a “hold” rating and issued a $440.00 price target on shares of BlackRock in a report on Friday, August 18th. Finally, Zacks Investment Research cut BlackRock from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $449.08.
Shares of BlackRock (NYSE:BLK) traded up 0.71% during mid-day trading on Friday, hitting $428.72. The stock had a trading volume of 850,216 shares. BlackRock has a 52 week low of $336.84 and a 52 week high of $442.84. The stock has a 50-day moving average price of $422.13 and a 200 day moving average price of $406.10. The stock has a market cap of $69.54 billion, a P/E ratio of 20.58 and a beta of 1.71.
BlackRock (NYSE:BLK) last announced its quarterly earnings results on Monday, July 17th. The asset manager reported $5.24 EPS for the quarter, missing analysts’ consensus estimates of $5.39 by ($0.15). The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.01 billion. BlackRock had a net margin of 29.92% and a return on equity of 11.74%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.78 EPS. On average, equities analysts forecast that BlackRock will post $21.83 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 5th will be paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, August 31st. BlackRock’s dividend payout ratio is presently 47.98%.
In other BlackRock news, insider Robert W. Fairbairn sold 3,675 shares of BlackRock stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $415.31, for a total value of $1,526,264.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeff A. Smith sold 250 shares of BlackRock stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $434.87, for a total transaction of $108,717.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,447 shares of company stock valued at $1,855,015. 1.86% of the stock is currently owned by corporate insiders.
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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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