Blackrock Inc (NYSE:BLK): Institutional Investor Sentiment Down to 1.27

BlackRock, Inc. (NYSE:BLK) Logo

Sentiment for Blackrock Inc (NYSE:BLK)

Blackrock Inc (NYSE:BLK) institutional sentiment decreased to 1.27 in Q2 2019. Its down -0.11, from 1.38 in 2019Q1. The ratio is negative, as 425 active investment managers increased and started new stock positions, while 334 sold and trimmed stakes in Blackrock Inc. The active investment managers in our partner’s database reported: 122.38 million shares, down from 122.61 million shares in 2019Q1. Also, the number of active investment managers holding Blackrock Inc in their top 10 stock positions increased from 16 to 17 for an increase of 1. Sold All: 36 Reduced: 298 Increased: 332 New Position: 93.

BlackRock, Inc. is a publicly owned investment manager. The company has market cap of $68.90 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 16.84 P/E ratio. It also provides global risk management and advisory services.

The stock increased 1.89% or $8.21 during the last trading session, reaching $442.96. About 556,191 shares traded or 0.79% up from the average. BlackRock, Inc. (NYSE:BLK) has declined 6.50% since September 13, 2018 and is downtrending. It has underperformed by 6.50% the S&P500.

Analysts await BlackRock, Inc. (NYSE:BLK) to report earnings on October, 15. They expect $7.08 EPS, down 5.85 % or $0.44 from last year’s $7.52 per share. BLK’s profit will be $1.10B for 15.64 P/E if the $7.08 EPS becomes a reality. After $6.41 actual EPS reported by BlackRock, Inc. for the previous quarter, Wall Street now forecasts 10.45 % EPS growth.

Pnc Financial Services Group Inc. holds 15.65% of its portfolio in BlackRock, Inc. for 34.03 million shares. Cincinnati Indemnity Co owns 4,900 shares or 7.41% of their US portfolio. Moreover, Junto Capital Management Lp has 6.7% invested in the company for 247,367 shares. The California-based Davis Capital Partners Llc has invested 5.58% in the stock. Cincinnati Insurance Co, a Ohio-based fund reported 386,900 shares.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Ratings analysis reveals 75% of Blackrock Inc’s analysts are positive. Out of 4 Wall Street analysts rating Blackrock Inc, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $431 while the high is $55000. The stock’s average target of $508.20 is 14.73% above today’s ($442.96) share price. BLK was included in 8 notes of analysts from March 14, 2019. Barclays Capital maintained it with “Overweight” rating and $515 target in Wednesday, April 17 report. The rating was maintained by Barclays Capital with “Buy” on Thursday, March 14. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) on Friday, March 15 with “Hold” rating. Morgan Stanley maintained it with “Overweight” rating and $545 target in Wednesday, April 17 report. Citigroup maintained it with “Buy” rating and $500 target in Monday, April 15 report.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Globenewswire.com which released: “BlackRock® Canada Announces Final August Cash Distributions for the iShares® Premium Money Market ETF – GlobeNewswire” on August 26, 2019, also Globenewswire.com with their article: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs – GlobeNewswire” published on August 20, 2019, Seekingalpha.com published: “BlackRock tightens guidelines on CEOs serving on several boards – Seeking Alpha” on August 27, 2019. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Seekingalpha.com and their article: “BlackRock may invest in infrastructure in Israel – Seeking Alpha” published on August 25, 2019 as well as Seekingalpha.com‘s news article titled: “Introducing Our DGI Portfolio: August Update – Seeking Alpha” with publication date: August 20, 2019.

BlackRock, Inc. (NYSE:BLK) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.