1.28 is Blackrock Inc’s (NYSE:BLK) Institutional Investor Sentiment

December 11, 2017 - By reb123z

 1.28 is Blackrock Inc's (NYSE:BLK) Institutional Investor Sentiment

Sentiment for Blackrock Inc (NYSE:BLK)

Blackrock Inc (NYSE:BLK) institutional sentiment increased to 1.28 in Q2 2017. Its up 0.09, from 1.19 in 2017Q1. The ratio is more positive, as 415 institutional investors increased and opened new holdings, while 324 decreased and sold their equity positions in Blackrock Inc. The institutional investors in our partner’s database now own: 129.86 million shares, up from 127.89 million shares in 2017Q1. Also, the number of institutional investors holding Blackrock Inc in their top 10 holdings increased from 23 to 29 for an increase of 6. Sold All: 40 Reduced: 284 Increased: 320 New Position: 95.

BlackRock, Inc. is a publicly owned investment manager. The company has market cap of $82.86 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 24.05 P/E ratio. It also provides global risk management and advisory services.

The stock decreased 0.41% or $2.1 during the last trading session, reaching $513.39. About 192,590 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since December 11, 2016 and is uptrending. It has underperformed by 4.51% the S&P500.

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on January, 12. They expect $5.92 earnings per share, up 15.18 % or $0.78 from last year’s $5.14 per share. BLK’s profit will be $955.49 million for 21.68 P/E if the $5.92 EPS becomes a reality. After $5.92 actual earnings per share reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Mizuho Financial Group Inc holds 99.71% of its portfolio in BlackRock, Inc. for 3.07 million shares. Pnc Financial Services Group Inc. owns 34.42 million shares or 15.62% of their US portfolio. Moreover, Davis Capital Partners Llc has 11.07% invested in the company for 205,000 shares. The New York-based Birch Run Capital Advisors Lp has invested 9.08% in the stock. Junto Capital Management Lp, a New York-based fund reported 217,165 shares.#img1#

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Ratings analysis reveals 76% of BlackRock’s analysts are positive. Out of 17 Wall Street analysts rating BlackRock, 13 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $304 while the high is $612.0. The stock’s average target of $443.80 is -13.55% below today’s ($513.39) share price. BLK was included in 75 notes of analysts from August 26, 2015. The company was maintained on Thursday, January 21 by RBC Capital Markets. The stock has “Buy” rating by UBS on Thursday, October 12. The rating was maintained by Jefferies on Monday, July 11 with “Hold”. Credit Suisse maintained the shares of BLK in report on Tuesday, April 12 with “Outperform” rating. The stock of BlackRock, Inc. (NYSE:BLK) earned “Market Perform” rating by Keefe Bruyette & Woods on Friday, July 15. The firm has “Buy” rating given on Wednesday, September 16 by Gabelli. The firm has “Buy” rating given on Monday, June 19 by Bank of America. The firm has “Outperform” rating by Wood given on Thursday, September 3. Citigroup maintained BlackRock, Inc. (NYSE:BLK) rating on Thursday, April 14. Citigroup has “Buy” rating and $340 target. Argus Research maintained the stock with “Buy” rating in Monday, January 18 report.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Businessinsider.com which released: “BlackRock, the biggest fund manager in the world, is joining the robot revolution” on November 20, 2017, also Seekingalpha.com with their article: “BlackRock: Momentum But Little Value” published on November 22, 2017, Bloomberg.com published: “BlackRock and Vanguard Are Less Than a Decade Away From Managing $20 Trillion” on December 04, 2017. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Nasdaq.com and their article: “BlackRock, Inc. (BLK) Ex-Dividend Date Scheduled for December 01, 2017” published on November 30, 2017 as well as Nasdaq.com‘s news article titled: “BlackRock Inc. Buys DowDuPont Inc, Eversource Energy, Andeavor, Sells EI …” with publication date: November 17, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.