News articles about BlackRock (NYSE:BLK) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive 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 one, with scores nearest to one being the most favorable. BlackRock earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 46.8605633503095 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- BlackRock (BLK) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Runners brave the Assault on BlackRock (smokymountainnews.com)
- BlackRock bond bosses bullish on EMD (citywireusa.com)
- BlackRock said to seek $2.5b for private credit fund (dealstreetasia.com)
- Buy Shorter-Term and Emerging Market Bonds: BlackRock (barrons.com)
Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of BlackRock from a “sell” rating to a “hold” rating in a research report on Thursday, March 29th. JPMorgan Chase reaffirmed an “overweight” rating and issued a $640.00 price objective on shares of BlackRock in a research report on Wednesday, March 14th. ValuEngine cut shares of BlackRock from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Deutsche Bank cut their price target on shares of BlackRock to $623.00 and set a “buy” rating on the stock in a research report on Tuesday, March 6th. Finally, Citigroup cut shares of BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 price target on the stock. in a research report on Thursday, January 25th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $567.15.
BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share for the quarter, topping the Zacks’ 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 firm’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.14 EPS. research analysts forecast that BlackRock will post 28.45 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th were paid a dividend of $2.88 per share. The ex-dividend date was Tuesday, March 6th. This represents a $11.52 annualized dividend and a dividend yield of 2.15%. This is an increase from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s dividend payout ratio (DPR) is presently 50.97%.
In other news, COO Robert L. Goldstein sold 5,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $558.00, for a total transaction of $2,790,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deryck C. Maughan purchased 3,861 shares of BlackRock stock in a transaction on Wednesday, January 17th. The stock was bought at an average price of $573.44 per share, with a total value of $2,214,051.84. Following the completion of the acquisition, the director now directly owns 12,265 shares of the company’s stock, valued at approximately $7,033,241.60. The disclosure for this purchase can be found here. Insiders have sold 20,961 shares of company stock valued at $11,375,444 in the last ninety days. 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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