Q2 2018 Sentiment Blackrock Inc (NYSE:BLK)

September 30, 2018 - By Vernon Prom

BlackRock, Inc. (NYSE:BLK) Logo

Sentiment for Blackrock Inc (NYSE:BLK)

Blackrock Inc (NYSE:BLK) institutional sentiment increased to 1.32 in 2018 Q2. Its up 0.33, from 0.99 in 2018Q1. The ratio is more positive, as 455 funds started new and increased equity positions, while 346 reduced and sold equity positions in Blackrock Inc. The funds in our partner’s database now own: 127.39 million shares, down from 129.75 million shares in 2018Q1. Also, the number of funds holding Blackrock Inc in their top 10 equity positions decreased from 43 to 29 for a decrease of 14. Sold All: 43 Reduced: 303 Increased: 346 New Position: 109.

BlackRock, Inc. is a publicly owned investment manager. The company has market cap of $75.78 billion. 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, firms, official institutions, and banks. It has a 14.21 P/E ratio. It also provides global risk management and advisory services.

The stock decreased 1.37% or $6.56 during the last trading session, reaching $471.33. About 532,182 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 9.67% since September 30, 2017 and is uptrending. It has underperformed by 5.95% the S&P500.

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on October, 10. They expect $6.98 earnings per share, up 17.91 % or $1.06 from last year’s $5.92 per share. BLK’s profit will be $1.12 billion for 16.88 P/E if the $6.98 EPS becomes a reality. After $6.66 actual earnings per share reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts 4.80 % EPS growth.

Mizuho Financial Group Inc holds 99.68% of its portfolio in BlackRock, Inc. for 3.07 million shares. Pnc Financial Services Group Inc. owns 34.22 million shares or 16.86% of their US portfolio. Moreover, Davis Capital Partners Llc has 8.37% invested in the company for 180,000 shares. The Ohio-based Cincinnati Insurance Co has invested 5.59% in the stock. Marvin & Palmer Associates Inc, a Delaware-based fund reported 11,355 shares.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Ratings analysis reveals 75% of BlackRock’s analysts are positive. Out of 8 Wall Street analysts rating BlackRock, 6 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $559 while the high is $682. The stock’s average target of $606 is 28.57% above today’s ($471.33) share price. BLK was included in 11 notes of analysts from April 6, 2018. Credit Suisse maintained BlackRock, Inc. (NYSE:BLK) on Friday, April 13 with “Outperform” rating. On Friday, April 6 the stock rating was maintained by Deutsche Bank with “Buy”. As per Thursday, August 16, the company rating was maintained by Deutsche Bank. As per Tuesday, July 17, the company rating was maintained by Barclays Capital. The company was maintained on Tuesday, April 10 by Keefe Bruyette & Woods. On Thursday, September 27 the stock rating was maintained by Deutsche Bank with “Buy”. The firm has “Hold” rating by Jefferies given on Wednesday, April 11. On Thursday, April 5 the stock rating was maintained by Credit Suisse with “Buy”. On Friday, July 13 the stock rating was upgraded by Wood to “Outperform”. The company was maintained on Thursday, July 12 by Morgan Stanley.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Seekingalpha.com which released: “Open Letter To BlackRock CEO, Larry Fink” on September 20, 2018, also Seekingalpha.com with their article: “Is BlackRock Finally Looking Attractive?” published on September 17, 2018, Seekingalpha.com published: “BlackRock: Crown Jewel + Hidden Gem = Opportunity” on September 18, 2018. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Benzinga.com and their article: “The Money Man: Venture Capitalist Dan Ciporin Talks Fintech” published on September 30, 2018 as well as Globenewswire.com‘s news article titled: “Notice of Acquisition During a Take-Over Bid” with publication date: September 24, 2018.

BlackRock, Inc. (NYSE:BLK) Ratings Chart

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