BlackRock (BLK) Price Target Raised to $682.00 at Credit Suisse Group

14 April, 2018, 22:55 | Author: Regina Silva
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In related news, Director Deryck C. Maughan acquired 3,861 shares of the business's stock in a transaction on Wednesday, January 17th. Covington Capital Management who had been investing in Blackrock Inc for a number of months, seems to be less bullish one the $84.90B market cap company. The stock decreased 1.55% or $8.24 during the last trading session, reaching $524.77. About 6.32 million shares traded or 15.47% up from the average. (NYSE:BLK). Moreover, Capital Invest Advisors Limited Liability has 0.07% invested in BlackRock, Inc. It has outperformed by 30.35% the S&P500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Benjamin F. Edwards & Company Inc. now owns 960 shares of the asset manager's stock valued at $493,000 after acquiring an additional 93 shares during the last quarter. The hedge fund held 180,000 shares of the finance company at the end of 2017Q4, valued at $92.47 million, down from 205,000 at the end of the previous reported quarter. About 136,654 shares traded. It also increased its holding in Omnicom Group Inc. (NYSE:JPM) has risen 23.99% since April 14, 2017 and is uptrending. It has underperformed by 6.86% the S&P500. Wells Fargo maintained BlackRock, Inc. (NYSE:BLK) to report earnings on April, 18. The company's revenue for the quarter was up 15.9% on a year-over-year basis. equities analysts expect that BlackRock will post 28.05 earnings per share for the current year. BLK's profit will be $1.05 billion for 20.21 P/E if the $6.46 EPS becomes a reality. The asset manager reported $6.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $6.39 by $0.31.

Investors sentiment decreased to 1.19 in 2017 Q4. It has change of 0.19, from 2017Q3's 1.38. (NYSE:BLK). Cypress Asset Management Tx reported 4,010 shares. 129.61 million shares or 0.73% less from 130.57 million shares in 2017Q3 were reported. Estabrook Cap Mngmt holds 190 shares. Buckhead Capital Mgmt Ltd Com reported 14,342 shares stake. Finally, Assetmark Inc. grew its holdings in shares of BlackRock by 57.1% during the fourth quarter. The stock increased 2.58% or $1.85 during the last trading session, reaching $73.63. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment invested in 40,100 shares or 0.18% of the stock. Somerset Trust Co grew its holdings in BlackRock by 2.7% during the 4th quarter. Burns J W & Communication Ny invested 0.13% in BlackRock, Inc. (NYSE:BLK) for 67,754 shares.

State Of Tennessee Treasury Department increased Blackrock Inc (BLK) stake by 10.35% reported in 2017Q4 SEC filing. (NYSE:BLK) for 1,265 shares. Naples Global Advisors LLC grew its holdings in shares of BlackRock by 1.7% during the fourth quarter. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Therefore 50% are positive. Blackrock Inc had 11 analyst reports since December 21, 2017 according to SRatingsIntel. Assetmark Inc. now owns 278 shares of the asset manager's stock worth $143,000 after acquiring an additional 101 shares during the last quarter. Credit Suisse Group restated a "buy" rating and issued a $464.00 price objective on shares of BlackRock in a research report on Thursday, February 9th.

NYSE:BLK opened at $533.01 on Friday. The company was maintained on Tuesday, October 10 by Barclays Capital. (NASDAQ:AMAT) has "Buy" rating given on Thursday, February 15 by Deutsche Bank. Wellington Management Grp Inc Llp invested 0.68% in BlackRock, Inc. (NYSE:BLK) earned "Overweight" rating by JP Morgan on Wednesday, March 14. Wood maintained it with "Market Perform" rating and $393 target in Friday, October 14 report. Finally, Argus restated a buy rating and set a $620.00 target price (up previously from $520.00) on shares of BlackRock in a report on Tuesday, January 16th.

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Covington Capital Management, which manages about $1.97B and $1.62 billion US Long portfolio, upped its stake in Royal Dutch Shell Plc by 13,884 shares to 42,285 shares, valued at $2.82M in 2017Q4, according to the filing. It also reduced its holding in Alexion Pharmaceuticals (NASDAQ:ALXN) by 651,941 shares in the quarter, leaving it with 758,209 shares, and cut its stake in Alibaba Group Holding (NYSE:BABA). Haverford holds 2.94% of its portfolio in BlackRock, Inc. (NYSE:BLK) to report earnings on April, 18. During the same period in the previous year, the business posted $5.14 EPS. After $5.68 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts -4.75% negative EPS growth. Accern also gave press coverage about the asset manager an impact score of 45.8745264046812 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.

TRADEMARK VIOLATION NOTICE: "BlackRock (NYSE:BLK) Earning Somewhat Favorable Media Coverage, Report Shows" was reported by Macon Daily and is the sole property of of Macon Daily. Therefore 96% are positive. As per Monday, July 11, the company rating was maintained by Jefferies. On Thursday, January 25 the rating was downgraded by Citigroup to "Hold". The firm earned "Buy" rating on Thursday, November 10 by Rafferty. The rating was maintained by Keefe Bruyette & Woods with "Hold" on Tuesday, October 17. The stock of Applied Materials, Inc. The company was maintained on Tuesday, August 9 by Barclays Capital.

Since October 18, 2017, it had 0 buys, and 10 sales for $31.19 million activity. (NYSE:GS) was sold by SCHWARTZ HARVEY M on Friday, October 20. Company insiders own 1.86% of the company's stock. GREUBEL WILLIAM P sold $1.19 million worth of stock or 17,856 shares. Lake Marianne also sold $1.03M worth of JPMorgan Chase & Co. 21,252 shares valued at $5.77 million were sold by SOLOMON DAVID M on Monday, January 29.

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