UBS Has Just Reaffirmed $525 Target Price Per Share on BlackRock (NYSE:BLK) stock, While They’ve Also Reiterated Their Buy Rating

October 13, 2017 - By Vivian Park

 UBS Has Just Reaffirmed $525 Target Price Per Share on BlackRock (NYSE:BLK) stock, While They’ve Also Reiterated Their Buy Rating

Investors sentiment increased to 1.28 in 2017 Q2. Its up 0.09, from 1.19 in 2017Q1. It improved, as 40 investors sold BlackRock, Inc. shares while 284 reduced holdings. 95 funds opened positions while 320 raised stakes. 129.86 million shares or 1.53% more from 127.89 million shares in 2017Q1 were reported.

Lowe Brockenbrough And holds 0.28% or 4,217 shares in its portfolio. National Bank Of America De reported 4.35M shares or 0.37% of all its holdings. Great West Life Assurance Company Can reported 122,240 shares. Hyman Charles D holds 530 shares or 0.03% of its portfolio. Edgemoor Inv Advsrs Incorporated reported 20,262 shares. Shelton Cap Mgmt has 7,446 shares. Prudential Financial invested in 171,219 shares. Alyeska Invest Gp Inc L P has 0.19% invested in BlackRock, Inc. (NYSE:BLK) for 50,004 shares. Cap One National Association has 0.22% invested in BlackRock, Inc. (NYSE:BLK). The Ohio-based Gateway Inv Advisers Limited Liability Corp has invested 0.03% in BlackRock, Inc. (NYSE:BLK). Hilltop Inc holds 660 shares. 94,144 are owned by Us Savings Bank De. Dimensional Fund L P has invested 0.07% in BlackRock, Inc. (NYSE:BLK). Hudson Bay Mngmt Limited Partnership owns 0.2% invested in BlackRock, Inc. (NYSE:BLK) for 23,821 shares. Intact Invest Inc owns 1,000 shares.

BlackRock (NYSE:BLK) Rating Reaffirmed

The firm has just set a target price of $525 on BlackRock (NYSE:BLK) shares. This is 10.41 % from the close price. In a note revealed on 12 October, UBS reconfirmed their Buy rating on shares of BLK.

Investors sentiment increased to 1.28 in 2017 Q2. Its up 0.09, from 1.19 in 2017Q1. It improved, as 40 investors sold BlackRock, Inc. shares while 284 reduced holdings. 95 funds opened positions while 320 raised stakes. 129.86 million shares or 1.53% more from 127.89 million shares in 2017Q1 were reported.

Lowe Brockenbrough And holds 0.28% or 4,217 shares in its portfolio. National Bank Of America De reported 4.35M shares or 0.37% of all its holdings. Great West Life Assurance Company Can reported 122,240 shares. Hyman Charles D holds 530 shares or 0.03% of its portfolio. Edgemoor Inv Advsrs Incorporated reported 20,262 shares. Shelton Cap Mgmt has 7,446 shares. Prudential Financial invested in 171,219 shares. Alyeska Invest Gp Inc L P has 0.19% invested in BlackRock, Inc. (NYSE:BLK) for 50,004 shares. Cap One National Association has 0.22% invested in BlackRock, Inc. (NYSE:BLK). The Ohio-based Gateway Inv Advisers Limited Liability Corp has invested 0.03% in BlackRock, Inc. (NYSE:BLK). Hilltop Inc holds 660 shares. 94,144 are owned by Us Savings Bank De. Dimensional Fund L P has invested 0.07% in BlackRock, Inc. (NYSE:BLK). Hudson Bay Mngmt Limited Partnership owns 0.2% invested in BlackRock, Inc. (NYSE:BLK) for 23,821 shares. Intact Invest Inc owns 1,000 shares.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Among 17 analysts covering BlackRock (NYSE:BLK), 13 have Buy rating, 0 Sell and 4 Hold. Therefore 76% are positive. BlackRock has $612.0 highest and $304 lowest target. $443.80’s average target is -6.66% below currents $475.49 stock price. BlackRock had 75 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Thursday, October 15 with “Buy”. The stock has “Buy” rating by Gabelli on Wednesday, September 16. Argus Research maintained the shares of BLK in report on Thursday, October 15 with “Buy” rating. The stock of BlackRock, Inc. (NYSE:BLK) earned “Buy” rating by Deutsche Bank on Friday, August 5. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, April 5. Keefe Bruyette & Woods maintained BlackRock, Inc. (NYSE:BLK) rating on Wednesday, October 11. Keefe Bruyette & Woods has “Hold” rating and $500.0 target. Argus Research maintained BlackRock, Inc. (NYSE:BLK) on Friday, January 15 with “Buy” rating. Credit Suisse maintained it with “Outperform” rating and $420 target in Tuesday, April 12 report. The firm earned “Buy” rating on Tuesday, January 26 by Deutsche Bank. The stock has “Buy” rating by UBS on Wednesday, October 19.

The stock decreased 1.06% or $5.1 during the last trading session, reaching $475.49. About 639,645 shares traded or 26.04% up from the average. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since October 13, 2016 and is uptrending. It has underperformed by 4.51% the S&P500.

Investors wait BlackRock, Inc. (NYSE:BLK) to report on October, 17. its quarterly earnings Wall Street analysts expect $5.52 EPS, up $0.38 or 7.39 % from last year’s $5.14 same quarter earnings. This translates into $888.56M profit for BLK giving the stock a 21.53 P/E. This is assuming the current $5.52 EPS is accurate. BlackRock, Inc.’s Wall Street analysts see 5.34 % EPS growth, taking into account the $5.24 EPS reproted in the previous quarter,

BlackRock, Inc. is an investment management company. The company has market cap of $76.54 billion. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. It has a 22.26 P/E ratio. The Company’s 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.

More notable recent BlackRock, Inc. (NYSE:BLK) news were published by: Bloomberg.com which released: “BlackRock Names Former Obama Aide to Run Sustainable Investing” on October 10, 2017, also Seekingalpha.com with their article: “BlackRock Investors Should Trade Carefully” published on September 27, 2017, Globenewswire.com published: “BlackRock® Canada Announces October Cash Distributions for the iShares® ETFs” on October 13, 2017. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Nasdaq.com and their article: “Blackrock Inc. Profit Advances 13% In Q3” published on October 11, 2017 as well as Forbes.com‘s news article titled: “Earnings Preview: What To Expect From BlackRock On Wednesday” with publication date: October 09, 2017.

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