Earnings On Deck For BlackRock, Inc

Earnings On Deck For BlackRock, Inc

Godsey & Gibb Associates' holdings in BlackRock were worth $13,063,000 at the end of the most recent reporting period.

Several institutional investors have recently bought and sold shares of the company. WFG Advisors LP increased its position in shares of BlackRock by 61.8% in the fourth quarter. Alpha Windward LLC now owns 487 shares of the asset manager's stock worth $187,000 after buying an additional 3 shares during the last quarter. Wells Fargo & Company MN now owns 2,041,394 shares of the asset manager's stock worth $782,896,000 after buying an additional 80,433 shares during the last quarter.

The company also expects more money to roll into the MBS fund as the Federal Reserve is expected to let its own holdings roll off its balance sheet starting this year. Finally, Caldera Capital LLC acquired a new stake in BlackRock during the fourth quarter worth approximately $2,108,000.

BlackRock's revenue has not topped analysts' estimates since the fourth quarter of 2015, according to Thomson Reuters data. WFG Advisors LP now owns 998 shares of the asset manager's stock valued at $117,000 after buying an additional 381 shares in the last quarter.

BlackRock, Inc. has a 12-month low of $336.84 and a 12-month high of $442.83.

In pre-market activity on the NYSE, BlackRock shares were trading down 0.31 percent at $437. The stock's 50 day moving average is $410.09 and its 200 day moving average is $390.31. The firm has a market cap of $71.39 billion, a PE ratio of 21.54 and a beta of 1.71. The original version of this report can be read at https://transcriptdaily.com/2017/07/17/blackrock-inc-blk-posts-earnings-results-misses-estimates-by-0-12-eps.html.

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Shares of BlackRock lost almost 3 percent Monday morning after the company saw $74 billion in exchange-traded fund flows during the second quarter, Bloomberg reported. The margins are "subdued" during Aladdin's implementation process, but increased utilization and subsequent revenues will shift Aladdin to the front of BlackRock's operations. Norges Bank is the second biggest holder with 8 million shares now valued at 3.10 B million whilst Vanguard Group Inc has 8 million shares valued at 2.99 B million.

BlackRock also earned $5.22 per share in the second quarter, also short of the $5.39 per share analysts were modeling.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Monday, June 5th were paid a $2.50 dividend. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, June 1st. BlackRock's payout ratio is presently 49.14%.

Shares of BlackRock, Inc. (NYSE BLK) opened at 431.91 on Wednesday. If you are viewing this report on another site, it was illegally stolen and republished in violation of USA & global copyright laws.

BLK has been the topic of a number of research analyst reports. BidaskClub raised BlackRock from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 1st. Finally, Zacks Investment Research raised shares of BlackRock from a "hold" rating to a "buy" rating and set a $480.00 target price on the stock in a research report on Tuesday, June 20th. Morgan Stanley restated an "overweight" rating and set a $460.00 price objective (up from $422.00) on shares of BlackRock in a research report on Monday, July 10th. Jefferies Group LLC reissued a "hold" rating and issued a $387.00 price target on shares of BlackRock in a report on Wednesday, May 17th. August 24 investment analysts at Barclays held the company rating at "Equal-weight" but lowered the price expectation from $383.00 to $375.00.

In that period, BlackRock's stock has risen 15 percent, while the S&P 500 and the Financials Select Sector SPDR exchange traded fund have risen 9.8 percent and 6.9 percent, respectively.

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