BlackRock (NYSE:BLK) “Buy” Rating Reconfirmed Today By UBS; The Target Price is $525

October 13, 2017 - By Peter Erickson

 BlackRock (NYSE:BLK)

Investors sentiment increased to 1.28 in 2017 Q2. Its up 0.09, from 1.19 in 2017Q1. It improved, as 40 investors sold BlackRock, Inc. shares while 284 reduced holdings. 95 funds opened positions while 320 raised stakes. 129.86 million shares or 1.53% more from 127.89 million shares in 2017Q1 were reported.

Waldron Limited Partnership owns 545 shares for 0.07% of their portfolio. Palladium Ltd Liability Corp holds 0.51% or 15,174 shares. Principal Grp Inc reported 527,380 shares stake. Capital Advsrs Limited Liability Co reported 2 shares. Crestpoint Capital Mgmt Ltd Limited Liability Company reported 0.18% stake. Riverpark Capital, a New York-based fund reported 27,166 shares. Wfg Advsr L P has invested 0.1% in BlackRock, Inc. (NYSE:BLK). Essex has invested 0.17% in BlackRock, Inc. (NYSE:BLK). Arrowstreet Capital Lp has 20,200 shares. Neuberger Berman Grp Llc invested 0.29% of its portfolio in BlackRock, Inc. (NYSE:BLK). London Of Virginia holds 990,692 shares or 2.84% of its portfolio. 7,564 are owned by Sawgrass Asset Mngmt. Advisory Serv has 0.11% invested in BlackRock, Inc. (NYSE:BLK). 480,130 are held by Bahl And Gaynor. State Common Retirement Fund invested in 326,200 shares.

BlackRock (NYSE:BLK) Rating Reaffirmed

They currently have a $525 TP on BlackRock (NYSE:BLK). The target price by UBS would suggest a potential upside of 10.41 % from the company’s previous stock close. This has been revealed to investors in an analyst note on Thursday morning.

Investors sentiment increased to 1.28 in 2017 Q2. Its up 0.09, from 1.19 in 2017Q1. It improved, as 40 investors sold BlackRock, Inc. shares while 284 reduced holdings. 95 funds opened positions while 320 raised stakes. 129.86 million shares or 1.53% more from 127.89 million shares in 2017Q1 were reported.

Waldron Limited Partnership owns 545 shares for 0.07% of their portfolio. Palladium Ltd Liability Corp holds 0.51% or 15,174 shares. Principal Grp Inc reported 527,380 shares stake. Capital Advsrs Limited Liability Co reported 2 shares. Crestpoint Capital Mgmt Ltd Limited Liability Company reported 0.18% stake. Riverpark Capital, a New York-based fund reported 27,166 shares. Wfg Advsr L P has invested 0.1% in BlackRock, Inc. (NYSE:BLK). Essex has invested 0.17% in BlackRock, Inc. (NYSE:BLK). Arrowstreet Capital Lp has 20,200 shares. Neuberger Berman Grp Llc invested 0.29% of its portfolio in BlackRock, Inc. (NYSE:BLK). London Of Virginia holds 990,692 shares or 2.84% of its portfolio. 7,564 are owned by Sawgrass Asset Mngmt. Advisory Serv has 0.11% invested in BlackRock, Inc. (NYSE:BLK). 480,130 are held by Bahl And Gaynor. State Common Retirement Fund invested in 326,200 shares.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Among 17 analysts covering BlackRock (NYSE:BLK), 13 have Buy rating, 0 Sell and 4 Hold. Therefore 76% are positive. BlackRock has $612.0 highest and $304 lowest target. $443.80’s average target is -6.66% below currents $475.49 stock price. BlackRock had 75 analyst reports since August 26, 2015 according to SRatingsIntel. Barclays Capital maintained BlackRock, Inc. (NYSE:BLK) rating on Wednesday, August 24. Barclays Capital has “Equal-Weight” rating and $375 target. Credit Suisse maintained BlackRock, Inc. (NYSE:BLK) rating on Friday, August 11. Credit Suisse has “Outperform” rating and $593 target. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) rating on Tuesday, January 26. Deutsche Bank has “Buy” rating and $338 target. The company was maintained on Friday, July 15 by Deutsche Bank. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, September 28. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, April 5. The stock of BlackRock, Inc. (NYSE:BLK) has “Neutral” rating given on Wednesday, January 4 by Goldman Sachs. Barclays Capital maintained BlackRock, Inc. (NYSE:BLK) rating on Tuesday, August 9. Barclays Capital has “Equal-Weight” rating and $364 target. Barclays Capital initiated the stock with “Overweight” rating in Friday, September 8 report. JP Morgan maintained it with “Overweight” rating and $558 target in Thursday, October 12 report.

The stock decreased 1.06% or $5.1 during the last trading session, reaching $475.49. About 639,645 shares traded or 26.04% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since October 13, 2016 and is uptrending. It has underperformed by 4.51% the S&P500.

Analysts expect BlackRock, Inc. (NYSE:BLK) to report $5.52 EPS on October, 17.They anticipate $0.38 EPS change or 7.39 % from last quarter’s $5.14 EPS. BLK’s profit would be $888.56 million giving it 21.53 P/E if the $5.52 EPS is correct. After having $5.24 EPS previously, BlackRock, Inc.’s analysts see 5.34 % EPS growth.

BlackRock, Inc. is an investment management company. The company has market cap of $76.54 billion. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. It has a 22.26 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: Nasdaq.com which released: “Blackrock Inc. Profit Advances 13% In Q3” on October 11, 2017, also Forbes.com with their article: “Earnings Preview: What To Expect From BlackRock On Wednesday” published on October 09, 2017, Reuters.com published: “Blackrock’s Fink warns global surprise could drive major market correction” on October 13, 2017. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Seekingalpha.com and their article: “BlackRock Investors Should Trade Carefully” published on September 27, 2017 as well as Globenewswire.com‘s news article titled: “BlackRock® Canada Announces October Cash Distributions for the iShares® ETFs” with publication date: October 13, 2017.

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