$6.98 EPS Expected for BlackRock, Inc. (BLK)

September 16, 2018 - By Nadine Davis

BlackRock, Inc. (NYSE:BLK) LogoInvestors sentiment increased to 1.32 in 2018 Q2. Its up 0.33, from 0.99 in 2018Q1. It improved, as 43 investors sold BlackRock, Inc. shares while 303 reduced holdings. 109 funds opened positions while 346 raised stakes. 127.39 million shares or 1.82% less from 129.75 million shares in 2018Q1 were reported.
Texas Permanent School Fund holds 0.21% or 30,097 shares in its portfolio. Birinyi Assoc invested 0.14% of its portfolio in BlackRock, Inc. (NYSE:BLK). First Merchants reported 4,962 shares stake. Twin Focus Capital Partners Ltd Liability Com holds 0.37% or 1,462 shares in its portfolio. Dowling And Yahnke Ltd Liability Company reported 0.26% in BlackRock, Inc. (NYSE:BLK). Buckhead Mgmt Ltd reported 13,502 shares. Covington Inv Advsrs Inc owns 10,524 shares for 1.86% of their portfolio. Penobscot Investment Management Communication holds 0.66% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 5,725 shares. Cohen Steers Inc stated it has 0.01% in BlackRock, Inc. (NYSE:BLK). Kentucky Retirement Systems Ins Trust Fund stated it has 0.28% of its portfolio in BlackRock, Inc. (NYSE:BLK). Weatherstone Cap Management holds 0.24% in BlackRock, Inc. (NYSE:BLK) or 593 shares. Nomura Asset Company Ltd reported 103,094 shares or 0.53% of all its holdings. Confluence Wealth Management Lc has invested 0.4% in BlackRock, Inc. (NYSE:BLK). Aspiriant Ltd Liability Company invested in 0.03% or 755 shares. Fairfield Bush reported 0.29% stake.

Analysts expect BlackRock, Inc. (NYSE:BLK) to report $6.98 EPS on October, 10.They anticipate $1.06 EPS change or 17.91 % from last quarter’s $5.92 EPS. BLK’s profit would be $1.12B giving it 17.05 P/E if the $6.98 EPS is correct. After having $6.66 EPS previously, BlackRock, Inc.’s analysts see 4.80 % EPS growth. The stock increased 1.51% or $7.08 during the last trading session, reaching $476.06. About 416,701 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 9.67% since September 16, 2017 and is uptrending. It has underperformed by 5.95% the S&P500.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Among 8 analysts covering BlackRock (NYSE:BLK), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. BlackRock had 10 analyst reports since April 6, 2018 according to SRatingsIntel. On Tuesday, July 17 the stock rating was maintained by Barclays Capital with “Overweight”. The company was maintained on Thursday, July 12 by Morgan Stanley. The firm has “Outperform” rating by Credit Suisse given on Friday, April 13. The company was upgraded on Friday, July 13 by Wood. Keefe Bruyette & Woods maintained it with “Hold” rating and $61400 target in Tuesday, April 10 report. Credit Suisse maintained BlackRock, Inc. (NYSE:BLK) on Thursday, April 5 with “Buy” rating. Deutsche Bank maintained the shares of BLK in report on Friday, April 6 with “Buy” rating. On Thursday, August 16 the stock rating was maintained by Deutsche Bank with “Buy”. Citigroup upgraded the stock to “Buy” rating in Monday, June 18 report. Jefferies maintained the shares of BLK in report on Wednesday, April 11 with “Hold” rating.

BlackRock, Inc. is a publicly owned investment manager. The company has market cap of $76.43 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 14.36 P/E ratio. It also provides global risk management and advisory services.

More news for BlackRock, Inc. (NYSE:BLK) were recently published by: Globenewswire.com, which released: “BlackRock┬« Canada Announces August Cash Distributions for the iShares┬« ETFs” on August 21, 2018. Seekingalpha.com‘s article titled: “Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q2 2018 Update” and published on September 04, 2018 is yet another important article.

BlackRock, Inc. (NYSE:BLK) Ratings Chart

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