News headlines about BlackRock (NYSE:BLK) have been trending somewhat positive on Tuesday, AlphaOne Sentiment reports. The research firm, a division of Accern, ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. BlackRock earned a news impact score of 0.18 on AlphaOne’s scale. AlphaOne also gave media stories about the asset manager an impact score of 86 out of 100, meaning that recent news coverage is very likely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Alpha One Sentiment’s analysis:
BLK has been the subject of several research analyst reports. Deutsche Bank AG lifted their price objective on BlackRock from $447.00 to $449.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Morgan Stanley reissued a “buy” rating on shares of BlackRock in a research report on Saturday, March 18th. JPMorgan Chase & Co. reissued a “buy” rating on shares of BlackRock in a research report on Wednesday, March 8th. Credit Suisse Group AG reissued a “buy” rating and issued a $464.00 price objective on shares of BlackRock in a research report on Thursday, February 9th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $387.00 price objective on shares of BlackRock in a research report on Wednesday, May 17th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $410.70. BlackRock (NYSE BLK) opened at 414.22 on Tuesday. The firm has a market cap of $67.46 billion, a P/E ratio of 20.35 and a beta of 1.72. The firm’s 50-day moving average price is $390.90 and its 200-day moving average price is $384.56. BlackRock has a 1-year low of $317.60 and a 1-year high of $417.71.
BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, April 19th. The asset manager reported $5.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.94 by $0.31. BlackRock had a net margin of 28.44% and a return on equity of 11.20%. The business had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same quarter last year, the firm earned $4.25 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Equities research analysts anticipate that BlackRock will post $21.70 earnings per share for the current fiscal year. The firm also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Monday, June 5th will be paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, June 1st. BlackRock’s dividend payout ratio is 48.11%.
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