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

September 16, 2018 - By Darrel Chase

BlackRock, Inc. (NYSE:BLK) LogoInvestors sentiment increased to 1.32 in 2018 Q2. 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.
Ferguson Wellman Cap has invested 0.72% of its portfolio in BlackRock, Inc. (NYSE:BLK). Tributary Capital Mngmt Limited Liability Co reported 6,976 shares. Zevenbergen Cap Investments Ltd Liability Co invested 0.04% in BlackRock, Inc. (NYSE:BLK). Ibm Retirement Fund reported 2,367 shares or 0.25% of all its holdings. Hsbc Holdg Public Ltd Com holds 144,069 shares. Ims Capital Mgmt owns 3,482 shares for 1.1% of their portfolio. Live Your Vision Ltd Liability stated it has 0.01% in BlackRock, Inc. (NYSE:BLK). Fukoku Mutual Life Insur Company holds 0.69% or 9,700 shares in its portfolio. Moors And Cabot reported 3,402 shares or 0.23% of all its holdings. Hilton Mngmt Llc stated it has 850 shares. Great West Life Assurance Communication Can reported 0.13% of its portfolio in BlackRock, Inc. (NYSE:BLK). First Financial In holds 0.11% or 305 shares in its portfolio. Weatherstone Cap has invested 0.24% in BlackRock, Inc. (NYSE:BLK). Penobscot Management has invested 0.66% in BlackRock, Inc. (NYSE:BLK). Cincinnati Corp accumulated 0.74% or 35,000 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 1.51% 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. Deutsche Bank maintained it with “Buy” rating and $614 target in Friday, April 6 report. The firm earned “Outperform” rating on Friday, April 13 by Credit Suisse. The stock of BlackRock, Inc. (NYSE:BLK) earned “Buy” rating by Credit Suisse on Thursday, April 5. The firm earned “Overweight” rating on Thursday, July 12 by Morgan Stanley. The stock has “Hold” rating by Jefferies on Wednesday, April 11. Keefe Bruyette & Woods maintained BlackRock, Inc. (NYSE:BLK) on Tuesday, April 10 with “Hold” rating. The stock of BlackRock, Inc. (NYSE:BLK) earned “Buy” rating by Citigroup on Monday, June 18. Barclays Capital maintained BlackRock, Inc. (NYSE:BLK) on Tuesday, July 17 with “Overweight” rating. The firm has “Buy” rating given on Thursday, August 16 by Deutsche Bank. The rating was upgraded by Wood on Friday, July 13 to “Outperform”.

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: Seekingalpha.com, which released: “Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q2 2018 Update” on September 04, 2018. Globenewswire.com‘s article titled: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs” and published on August 21, 2018 is yet another important article.

BlackRock, Inc. (NYSE:BLK) Ratings Chart

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