Positive Media Coverage Somewhat Unlikely to Impact BlackRock (NYSE:BLK) Stock Price

News coverage about BlackRock (NYSE:BLK) has been trending positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BlackRock earned a daily sentiment score of 0.47 on Accern’s scale. Accern also gave press coverage about the asset manager an impact score of 45.0791933178012 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

Shares of BlackRock (NYSE BLK) traded up $12.13 during trading on Friday, hitting $521.51. The stock had a trading volume of 934,429 shares, compared to its average volume of 787,949. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89. The company has a market cap of $83,987.10, a price-to-earnings ratio of 23.02, a PEG ratio of 1.40 and a beta of 1.76. BlackRock has a 12-month low of $368.00 and a 12-month high of $594.52.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, January 12th. The asset manager reported $6.24 EPS for the quarter, beating the consensus estimate of $5.94 by $0.30. The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. The company’s revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the company earned $5.14 EPS. analysts expect that BlackRock will post 28.52 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be given a dividend of $2.88 per share. This represents a $11.52 annualized dividend and a yield of 2.21%. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. The ex-dividend date is Tuesday, March 6th. BlackRock’s dividend payout ratio (DPR) is presently 33.00%.

A number of brokerages have issued reports on BLK. Citigroup downgraded BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 price objective for the company. in a research note on Thursday, January 25th. Argus reiterated a “buy” rating and set a $620.00 price target (up previously from $520.00) on shares of BlackRock in a research note on Tuesday, January 16th. Wells Fargo & Co reiterated a “market perform” rating and set a $555.00 price target (up previously from $535.00) on shares of BlackRock in a research note on Tuesday, January 16th. Jefferies Group increased their price target on BlackRock to $565.00 and gave the stock a “hold” rating in a research note on Monday, January 15th. Finally, Credit Suisse Group reissued a “buy” rating and set a $680.00 price objective on shares of BlackRock in a report on Friday, January 12th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $547.92.

In related news, insider Jeff A. Smith sold 100 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $477.54, for a total transaction of $47,754.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeff A. Smith sold 1,250 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $536.57, for a total value of $670,712.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,775 shares of company stock worth $2,983,400. 1.86% of the stock is owned by corporate insiders.

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BlackRock Company Profile

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its 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.

Insider Buying and Selling by Quarter for BlackRock (NYSE:BLK)

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