January 23, 2018

BlackRock (BLK) Announces Earnings Results, Beats Expectations By $0.30 EPS

13 January 2018, 01:24 | Edward Lowe

The rating was upgraded by Evercore on Wednesday, August 26 to "Buy". WFG Advisors LP now owns 1,096 shares of the asset manager's stock worth $463,000 after purchasing an additional 438 shares during the last quarter. About 3.37M shares traded. It has underperformed by 13.33% the S&P500.

Dupont Capital Management Corp increased its stake in Blackrock Inc (BLK) by 11.55% based on its latest 2017Q3 regulatory filing with the SEC. After $0.50 actual earnings per share reported by Hologic, Inc. for the previous quarter, Wall Street now forecasts -2.00% negative EPS growth. The Private Advisor Group Llc holds 5,717 shares with $2.63 million value, up from 4,560 last quarter.

BlackRock, Inc (BlackRock) is an investment management company.

The stock decreased 0.19% or $0.08 during the last trading session, reaching $41.34. About 255,060 shares traded. (NASDAQ:BLK) to report earnings on Jan, 12 for the fiscal quarter ending Dec 2017. It has underperformed by 4.51% the S&P500. Parsec Financial Management Inc sold 789 shares as Blackrock Inc Cl A (BLK)'s stock rose 1.17%. Therefore 76% are positive. BLK was included in 77 notes of analysts from August 26, 2015. Credit Suisse Group reaffirmed an "outperform" rating on shares of BlackRock in a report on Thursday, October 12th. The firm earned "Outperform" rating on Thursday, September 10 by Credit Suisse. The rating was maintained by Deutsche Bank with "Buy" on Friday, January 8. As per Monday, June 19, the company rating was maintained by Bank of America. Piper Jaffray initiated Cigna Corporation (NYSE:CI) on Wednesday, January 4 with "Overweight" rating. BlackRock accounts for 3.6% of Windward Capital Management Co. Barclays Capital maintained BlackRock, Inc. RBC Capital Markets maintained Cigna Corporation (NYSE:CI) rating on Sunday, July 23. Jefferies maintained it with "Hold" rating and $440.0 target in Monday, September 25 report. (NYSE:BLK) earned "Hold" rating by Jefferies on Thursday, April 13. The stock has a market capitalization of $61.66 billion, a price-to-earnings ratio of 19.85 and a beta of 1.72. Its up 0.10, from 1.28 in 2017Q2. It improved, as 27 investors sold BLK shares while 287 reduced holdings. 103 funds opened positions while 331 raised stakes. Prudential Financial Inc. owned 0.11% of BlackRock worth $76,439,000 at the end of the most recent reporting period. BlackRock, Inc. has a one year low of $365.83 and a one year high of $540.00. (NYSE:BLK) for 17,918 shares. (NYSE:BLK). Texas Permanent School Fund has invested 0.2% in BlackRock, Inc. Pennsylvania-based Mycio Wealth Partners Limited Liability has invested 0.14% in Cigna Corporation (NYSE:CI). (NYSE:BLK) to report earnings on January, 12. Blb&B Advisors Llc, Pennsylvania-based fund reported 481 shares. Adirondack has invested 0.14% in BlackRock, Inc. It invests in public equity markets of the United States.

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The last of the plant's roughly 700 production workers are expected to be laid off this year, with that work also going to Mexico. Carrier, owned by Hartford, Connecticut-based United Technologies Corp., once had its worldwide headquarters in Syracuse.

Now insiders hold 5,180,284 shares in the business which makes up 3.23% of shares. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. (NYSE:BLK) for 577 shares. The legal version of this article can be read at

Among 17 analysts covering BlackRock (NYSE:BLK), 13 have Buy rating, 0 Sell and 4 Hold. (NYSE:BLK). 11,800 are held by Picton Mahoney Asset Mgmt. Lodestar Investment Counsel Lc Il reported 27,819 shares. Moreover, Homrich And Berg has 0.07% invested in BlackRock, Inc.

Investors sentiment increased to 1.08 in 2017 Q3.

Since January 1, 0001, it had 0 buys, and 4 selling transactions for $1.18 million activity. It fall, as 18 investors sold Sigma Designs, Inc. shares while 14 reduced holdings. Wayne Hummer Investments L.L.C. now owns 732 shares of the company's stock worth $265,000 after buying an additional 44 shares during the last quarter. Maplelane Capital Llc accumulated 35,000 shares or 0.31% of the stock. Tower Research Capital LLC TRC now owns 280 shares of the asset manager's stock valued at $118,000 after acquiring an additional 160 shares during the period. Cibc Asset Mgmt reported 17,845 shares stake. Hilltop holds 0.1% or 712 shares in its portfolio. First Fincl Corporation In stated it has 429 shares or 0.13% of all its holdings.

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This rhetoric has returned more strongly in the last few days after he accused China of allowing oil to go into North Korea. At the heart of the matter was CFIUS's concerns about privacy protection for MoneyGram's millions of users.

Other large investors have also made changes to their positions in the company. Patten Grp reported 0.08% stake. Us National Bank De owns 300 shares. Davis R M accumulated 0.01% or 569 shares. Aperio Group LLC grew its position in shares of BlackRock by 8.6% during the 3rd quarter.

Analysts await Sigma Designs, Inc. (NASDAQ:HOLX) to report earnings on February, 7. They expect $-0.16 EPS, up 11.11% or $0.02 from last year's $-0.18 per share.

BlackRock, Inc.'s earnings report for the fourth quarter of the year includes earnings per share of 6.24.

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