Blackrock Inc Stock in 2019 Q2 Driven by Institutional Investors

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 dived, as 425 institutional investors opened new or increased holdings, while 334 sold and reduced stock positions in Blackrock Inc. The institutional investors in our partner’s database now hold: 122.38 million shares, down from 122.61 million shares in 2019Q1. Also, the number of institutional investors holding Blackrock Inc in their top 10 holdings 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. On Wednesday, April 17 the stock rating was maintained by Barclays Capital with “Overweight”. As per Thursday, March 14, the company rating was maintained by Barclays Capital. The stock of BlackRock, Inc. (NYSE:BLK) earned “Overweight” rating by Morgan Stanley on Wednesday, April 17. Citigroup maintained BlackRock, Inc. (NYSE:BLK) on Monday, April 15 with “Buy” rating. The rating was maintained by Deutsche Bank with “Hold” on Friday, March 15.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Seekingalpha.com which released: “BlackRock unit to take Russia-linked firm’s Cofense stake – Seeking Alpha” on August 20, 2019, also Globenewswire.com with their article: “BlackRock® Canada Announces Final August Cash Distributions for the iShares® Premium Money Market ETF – GlobeNewswire” published on August 26, 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 Globenewswire.com‘s news article titled: “BlackRock® Canada Announces August Cash Distributions for the iShares® ETFs – GlobeNewswire” with publication date: August 20, 2019.

BlackRock, Inc. (NYSE:BLK) Ratings Chart

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