Press coverage about BlackRock (NYSE:BLK) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog 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 0.14 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 45.9758616249307 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Global trade could derail markets: BlackRock’s Wiseman (bnn.ca)
- WATCH: Andrew Conway scored Toulon wonder try before in his schools days for Blackrock (independent.ie)
- Indian investors need both active and passive funds: Anil Ghelani, DSP BlackRock Mutual Fund (economictimes.indiatimes.com)
- Analyzing Virtu Financial (VIRT) and BlackRock (BLK) (americanbankingnews.com)
- Helen McAlinden enjoys a sea change in Blackrock (thetimes.co.uk)
Shares of NYSE:BLK traded down $22.72 during trading on Monday, hitting $519.00. 746,192 shares of the company were exchanged, compared to its average volume of 641,441. The company has a market capitalization of $87,064.15, a PE ratio of 22.96, a price-to-earnings-growth ratio of 1.45 and a beta of 1.67. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.94 and a current ratio of 2.94. BlackRock has a 1-year low of $375.52 and a 1-year high of $594.52.
BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.94 by $0.30. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.33 billion. BlackRock had a net margin of 39.79% and a return on equity of 12.31%. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.14 earnings per share. equities analysts forecast that BlackRock will post 28.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th were issued a dividend of $2.88 per share. The ex-dividend date of this dividend was Tuesday, March 6th. This is an increase from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 annualized dividend and a dividend yield of 2.22%. BlackRock’s dividend payout ratio is 50.97%.
Several brokerages have commented on BLK. Zacks Investment Research upgraded shares of BlackRock from a “hold” rating to a “strong-buy” rating and set a $614.00 price objective for the company in a research report on Thursday, January 11th. JPMorgan Chase restated an “overweight” rating and set a $640.00 price objective on shares of BlackRock in a research report on Wednesday, March 14th. Jefferies Group boosted their price objective on shares of BlackRock to $565.00 and gave the company a “hold” rating in a research report on Monday, January 15th. Citigroup boosted their price objective on shares of BlackRock to $625.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Finally, Wells Fargo restated a “market perform” rating and set a $555.00 price objective (up from $535.00) on shares of BlackRock in a research report on Tuesday, January 16th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $567.15.
In related news, Director Deryck C. Maughan purchased 3,861 shares of the stock in a transaction dated Wednesday, January 17th. The stock was bought at an average cost of $573.44 per share, for a total transaction of $2,214,051.84. Following the completion of the acquisition, the director now owns 12,265 shares of the company’s stock, valued at $7,033,241.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeff A. Smith sold 425 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $565.96, for a total transaction of $240,533.00. The disclosure for this sale can be found here. Insiders have sold 20,961 shares of company stock valued at $11,375,444 over the last quarter. Company insiders own 1.86% of the company’s stock.
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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.
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