Keefe, Bruyette & Woods Reaffirms "Hold" Rating for BlackRock, Inc. (BLK)

State Treasurer State of Michigan's holdings in BlackRock were worth $16,846,000 at the end of the most recent reporting period. Torch Wealth Management LLC's holdings in BlackRock were valued $562,000 during the latest fiscal quarter. Accern also gave news headlines about the asset manager an impact score of 46.1743165559992 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future. The Rnc Capital Management Llc holds 65,936 shares with $25.09 million value, up from 63,904 last quarter. State Street Corp increased its position in BlackRock by 2.1% in the first quarter. Proficio Capital Partners LLC increased its stake in BlackRock by 48.9% in the first quarter. BlackRock Inc. now owns 6,541,505 shares of the asset manager's stock worth $2,508,733,000 after buying an additional 6,314,004 shares in the last quarter. Tompkins Financial Corp increased its stake in BlackRock by 103.4% in the first quarter. BlackRock has $534 highest and $304 lowest target. (NYSE:BLK) traded up 0.35% during trading on Friday, hitting $424.16.

About 185,286 shares traded. BlackRock, Inc. The company has a market capitalization of $68.98 billion, a P/E ratio of 20.4126 and a beta of 1.71. BlackRock, Inc. The company's 50-day moving average is $428.00 and its 200 day moving average is $399.35.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Monday, July 17th. Next quarter's EPS is forecasted to be $5.85 with next year's EPS projected to be $24.90. BlackRock had a return on equity of 11.71% and a net margin of 29.24%. BlackRock's quarterly revenue was up 5.7% compared to the same quarter previous year. During the same quarter in the prior year, the firm earned $4.78 earnings per share. Equities research analysts expect that BlackRock, Inc. will post $21.85 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 5th will be paid a $2.50 dividend. The dividend payment will be $2.500 per share for the quarter which comes to $10.00 on an annualized basis. The ex-dividend date is Thursday, August 31st. BlackRock's dividend payout ratio (DPR) is presently 47.98%.

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BLK has been the topic of several research analyst reports. Morgan Stanley reiterated an "overweight" rating and set a $460.00 price objective (up previously from $422.00) on shares of BlackRock in a research report on Monday, July 10th.

July 18 investment analysts at Deutsche Bank maintained a stock rating of "Buy" and raised the price expectation to $455.00 from $418.00. Jefferies Group LLC reaffirmed a "hold" rating and issued a $387.00 price target on shares of BlackRock in a research report on Wednesday, May 17th. Zacks Investment Research downgraded shares of BlackRock from a "buy" rating to a "hold" rating in a research report on Wednesday, July 19th. Wells Fargo & Company reiterated a "market perform" rating and issued a $425.00 price objective (up from $380.00) on shares of BlackRock in a report on Wednesday, July 12th. The stock has a consensus rating of "Buy" and a consensus target price of $434.93.

In related news, insider Mark Mccombe sold 500 shares of the company's stock in a transaction dated Friday, May 26th. Country Trust Bank sold 925 shares as Blackrock Inc Common (BLK)'s stock rose 1.17%. Following the transaction, the director now directly owns 484,386 shares of the company's stock, valued at approximately $200,685,963.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeff A. Smith sold 250 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $434.87, for a total transaction of $108,717.50. The disclosure for this sale can be found here.

Tiaa Cref Investment Management LLC divested its investment by shedding 8,142 shares a decrease of 1.9% as of 06/30/2017. Insiders sold a total of 3,772 shares of company stock worth $1,567,516 in the last ninety days. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/country-club-trust-company-n-a-acquires-shares-of-487-blackrock-inc-blk/1441331.html.

Chevron Corporation manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and global subsidiaries that engage in integrated energy and chemicals operations.

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