BlackRock, Inc. (BLK) Analysts See $5.52 EPS

September 17, 2017 - By Maria Brooks

 BlackRock, Inc. (BLK) Analysts See $5.52 EPS
Investors sentiment increased to 1.17 in 2016 Q4. Its up 0.03, from 1.14 in 2016Q3. It is positive, as 38 investors sold BlackRock, Inc. shares while 294 reduced holdings. 86 funds opened positions while 303 raised stakes. 127.96 million shares or 1.27% less from 129.61 million shares in 2016Q3 were reported.
Lederer And Associates Counsel Ca reported 5,114 shares. Northeast Invest Management invested in 1.31% or 35,935 shares. Strategic Fincl Inc accumulated 11,789 shares. New Mexico Educational Retirement Board has 0.23% invested in BlackRock, Inc. (NYSE:BLK) for 13,039 shares. Citadel Advisors Ltd holds 89,569 shares. Leavell Invest Mgmt Inc holds 0.04% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 778 shares. 853 were reported by Pinebridge Invests Lp. Cwm Ltd Company holds 0.01% or 351 shares in its portfolio. Assetmark reported 175 shares or 0% of all its holdings. Dsm Cap Partners Limited Co invested 0.04% in BlackRock, Inc. (NYSE:BLK). Weaver C Barksdale And Associate Incorporated invested in 1.7% or 2,775 shares. St Johns Investment Management Co Llc reported 12 shares. Guardian Limited Partnership has 0.18% invested in BlackRock, Inc. (NYSE:BLK) for 3,335 shares. Alley Ltd Liability Company holds 14,397 shares. First Foundation stated it has 1.79% in BlackRock, Inc. (NYSE:BLK).

Wall Street await BlackRock, Inc. (NYSE:BLK) to release earnings on October, 17. Analysts forecast EPS of $5.52, up exactly $0.38 or 7.39 % from 2014’s $5.14 EPS. The expected BLK’s profit could reach $888.54M giving the stock 19.42 P/E in the case that $5.52 earnings per share is reported. After posting $5.24 EPS for the previous quarter, BlackRock, Inc.’s analysts now forecast 5.34 % EPS growth. The stock increased 0.71% or $3.03 on September 15, reaching $428.72. About 850,216 shares traded or 81.00% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since September 17, 2016 and is uptrending. It has underperformed by 4.51% the S&P500.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Among 15 analysts covering BlackRock (NYSE:BLK), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. BlackRock had 65 analyst reports since August 26, 2015 according to SRatingsIntel. Wood maintained BlackRock, Inc. (NYSE:BLK) rating on Thursday, September 3. Wood has “Outperform” rating and $360 target. The firm has “Buy” rating by Bank of America given on Monday, June 19. The firm earned “Overweight” rating on Friday, September 8 by Barclays Capital. The firm has “Buy” rating by Argus Research given on Tuesday, December 1. Argus Research maintained BlackRock, Inc. (NYSE:BLK) rating on Monday, January 18. Argus Research has “Buy” rating and $360 target. The stock of BlackRock, Inc. (NYSE:BLK) has “Buy” rating given on Friday, January 8 by Deutsche Bank. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, August 9 report. The stock has “Hold” rating by Keefe Bruyette & Woods on Friday, June 23. The firm earned “Buy” rating on Thursday, October 15 by Argus Research. The firm has “Hold” rating given on Monday, July 11 by Jefferies.

BlackRock, Inc. is an investment management company. The company has market cap of $69.01 billion. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. It has a 20.57 P/E ratio. The Company’s 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.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Ft.com which released: “BlackRock reshuffles senior roles in US and Europe” on September 14, 2017, also Businessinsider.com with their article: “BlackRock, the world’s largest asset manager, is reshuffling some of its top execs” published on September 12, 2017, Bloomberg.com published: “BlackRock Is in Talks for Calpers’s Buyout Business” on September 07, 2017. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Reuters.com and their article: “BlackRock reshuffles top regional, business unit executives” published on September 12, 2017 as well as Bloomberg.com‘s news article titled: “BlackRock to Absorb Cost of Analyst Research Under MiFID II” with publication date: September 14, 2017.

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