Headlines about BlackRock (NYSE:BLK) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. BlackRock earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned news headlines about the asset manager an impact score of 46.8605633503095 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- BlackRock (BLK) Cut to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Kroger’s Fred Meyer plans to phase out firearms business – Reuters (reuters.com)
- Glistening Stock’s Review – BlackRock Inc (NYSE: BLK) – Stocks Market Cap (stocksmarketcap.com)
- [$$] Will BlackRock’s algorithms beat the fund managers? (finance.yahoo.com)
- BlackRock’s Seth Doesn’t See Changes in Fed’s Path or Communications (finance.yahoo.com)
A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and set a $640.00 price objective on shares of BlackRock in a report on Wednesday, March 14th. Zacks Investment Research lowered shares of BlackRock from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. ValuEngine lowered shares of BlackRock from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Deutsche Bank decreased their price target on shares of BlackRock to $623.00 and set a “buy” rating for the company in a report on Tuesday, March 6th. Finally, Argus reaffirmed a “buy” rating and issued a $620.00 price target (up from $520.00) on shares of BlackRock in a report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $567.15.
BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, January 12th. The asset manager reported $6.24 EPS for the quarter, beating the Zacks’ consensus estimate of $5.94 by $0.30. The firm had revenue of $3.47 billion for 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 firm’s revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the firm posted $5.14 earnings per share. analysts forecast that BlackRock will post 28.46 EPS 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 paid a $2.88 dividend. This represents a $11.52 dividend on an annualized basis and a dividend yield of 2.07%. This is a boost from BlackRock’s previous quarterly dividend of $2.50. The ex-dividend date of this dividend is Tuesday, March 6th. BlackRock’s payout ratio is presently 38.02%.
In other news, Director Ryan Stork sold 7,136 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $543.50, for a total value of $3,878,416.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeff A. Smith sold 425 shares of the company’s stock in a transaction dated 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 sold 20,961 shares of company stock valued at $11,375,444 over the last 90 days. 1.86% of the stock is 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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