Can analysts adopt a bullish outlook for BlackRock, Inc. (NYSE:BLK)?

September 16, 2018 - By Jack Shaw

BlackRock, Inc. (NYSE:BLK) LogoInvestors sentiment increased to 1.32 in 2018 Q2. Its up 0.33, from 0.99 in 2018Q1. It is positive, as 43 investors sold BlackRock, Inc. shares while 303 reduced holdings. 109 funds opened positions while 346 raised stakes. 127.39 million shares or 1.82% less from 129.75 million shares in 2018Q1 were reported.
Citizens Northern reported 0.24% of its portfolio in BlackRock, Inc. (NYSE:BLK). Segment Wealth Lc accumulated 6,672 shares or 0.78% of the stock. British Columbia Inv Mngmt holds 0.29% or 66,773 shares. The Colorado-based Asset Management has invested 0.55% in BlackRock, Inc. (NYSE:BLK). Freestone Capital Hldgs Limited Liability Corporation stated it has 405 shares. Piedmont Limited Com holds 0.13% or 5,354 shares in its portfolio. Victory Cap Management holds 8,957 shares. Hudock Capital Gru Limited Co has invested 0.01% of its portfolio in BlackRock, Inc. (NYSE:BLK). Pitcairn accumulated 1,818 shares or 0.1% of the stock. 5,085 were accumulated by Riverhead Mgmt Limited Liability Corp. Private Asset Mngmt has 3,704 shares. Oppenheimer Asset Management owns 8,952 shares. Thrivent For Lutherans holds 0.01% or 5,179 shares. 1,892 were accumulated by Smith Salley & Associate. Arete Wealth Advsrs Limited Liability holds 0.05% or 423 shares.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Among 8 analysts covering BlackRock (NYSE:BLK), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. BlackRock has $682 highest and $561 lowest target. $606.33’s average target is 27.36% above currents $476.06 stock price. BlackRock had 10 analyst reports since April 6, 2018 according to SRatingsIntel. As per Tuesday, July 17, the company rating was maintained by Barclays Capital. As per Thursday, April 5, the company rating was maintained by Credit Suisse. The stock of BlackRock, Inc. (NYSE:BLK) earned “Overweight” rating by Morgan Stanley on Thursday, July 12. The rating was maintained by Keefe Bruyette & Woods on Tuesday, April 10 with “Hold”. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) rating on Thursday, August 16. Deutsche Bank has “Buy” rating and $561 target. The company was maintained on Friday, April 13 by Credit Suisse. Jefferies maintained the stock with “Hold” rating in Wednesday, April 11 report. The company was upgraded on Friday, July 13 by Wood. The stock of BlackRock, Inc. (NYSE:BLK) earned “Buy” rating by Deutsche Bank on Friday, April 6. The firm has “Buy” rating given on Monday, June 18 by Citigroup. Below is a list of BlackRock, Inc. (NYSE:BLK) latest ratings and price target changes.

16/08/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $570 New Target: $561 Maintain
17/07/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $615 New Target: $595 Maintain
13/07/2018 Broker: Wood Old Rating: Market Perform New Rating: Outperform Upgrade
12/07/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $650 New Target: $624 Maintain
18/06/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade
11/04/2018 Broker: Jefferies Rating: Hold New Target: $562.0000 Maintain
10/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $614.0000 Maintain
13/04/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $678 New Target: $682 Maintain
05/04/2018 Broker: Credit Suisse Rating: Buy New Target: $678.0000 Maintain
06/04/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $623 New Target: $614 Maintain

The stock increased 1.51% or $7.08 during the last trading session, reaching $476.06. About 416,701 shares traded. BlackRock, Inc. (NYSE:BLK) has risen 9.67% since September 16, 2017 and is uptrending. It has underperformed by 5.95% the S&P500.

BlackRock, Inc. is a publicly owned investment manager. The company has market cap of $76.43 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 14.36 P/E ratio. It also provides global risk management and advisory services.

More news for BlackRock, Inc. (NYSE:BLK) were recently published by: Globenewswire.com, which released: “BlackRock┬« Canada Announces August Cash Distributions for the iShares┬« ETFs” on August 21, 2018. Seekingalpha.com‘s article titled: “Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q2 2018 Update” and published on September 04, 2018 is yet another important article.

BlackRock, Inc. (NYSE:BLK) Ratings Chart

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