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

September 14, 2018 - By Jimmy Cauthen

BlackRock, Inc. (NYSE:BLK) LogoInvestors sentiment increased to 1.32 in Q2 2018. Its up 0.33, from 0.99 in 2018Q1. It is positive, 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.
E&G Advsr Limited Partnership reported 0.48% stake. State Bank Of Hawaii holds 0.09% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 2,188 shares. 6,913 are held by Atria Invs Limited Liability Com. American Century reported 0.03% in BlackRock, Inc. (NYSE:BLK). Woodley Farra Manion Mngmt has invested 0.03% of its portfolio in BlackRock, Inc. (NYSE:BLK). Charter Trust stated it has 0.32% in BlackRock, Inc. (NYSE:BLK). Iberiabank Corp accumulated 4,411 shares or 0.38% of the stock. Wealthtrust Fairport Limited Com owns 19,360 shares. Guggenheim Capital Limited Liability Corporation reported 39,267 shares or 0.13% of all its holdings. Stonebridge Advsrs Limited Liability invested in 1.79% or 16,437 shares. Pennsylvania-based Tower Bridge Advisors has invested 0% in BlackRock, Inc. (NYSE:BLK). Commerzbank Aktiengesellschaft Fi holds 0.12% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 24,366 shares. Mufg Americas Corp accumulated 0.25% or 16,441 shares. Adams Diversified Equity Fund reported 41,400 shares stake. Lazard Asset Mgmt Ltd Liability, a New York-based fund reported 100 shares.

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 1.49% or $7.005 during the last trading session, reaching $475.985. About 296,026 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 9.67% since September 14, 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. The stock of BlackRock, Inc. (NYSE:BLK) has “Outperform” rating given on Friday, July 13 by Wood. The stock of BlackRock, Inc. (NYSE:BLK) has “Outperform” rating given on Friday, April 13 by Credit Suisse. The stock of BlackRock, Inc. (NYSE:BLK) has “Overweight” rating given on Tuesday, July 17 by Barclays Capital. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) on Friday, April 6 with “Buy” rating. The firm has “Buy” rating given on Monday, June 18 by Citigroup. The firm has “Buy” rating given on Thursday, April 5 by Credit Suisse. Keefe Bruyette & Woods maintained it with “Hold” rating and $61400 target in Tuesday, April 10 report. Deutsche Bank maintained the stock with “Buy” rating in Thursday, August 16 report. The firm has “Overweight” rating by Morgan Stanley given on Thursday, July 12. The stock has “Hold” rating by Jefferies on Wednesday, April 11.

BlackRock, Inc. is a publicly owned investment manager. The company has market cap of $76.42 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 14.35 P/E ratio. It also provides global risk management and advisory services.

More recent BlackRock, Inc. (NYSE:BLK) news were published by: Seekingalpha.com which released: “Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q2 2018 Update” on September 04, 2018. Also Fool.com published the news titled: “This High-Yield Renewable Energy Company Adds More Power to Achieve its Ambitious Dividend Growth Goal” on September 05, 2018. Globenewswire.com‘s news article titled: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” with publication date: August 21, 2018 was also an interesting one.

BlackRock, Inc. (NYSE:BLK) Ratings Chart

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