Today UBS Reiterates a Buy Rating on BlackRock (NYSE:BLK) and a $525 Target Price

October 13, 2017 - By Peter Erickson

 Today UBS Reiterates a Buy Rating on BlackRock (NYSE:BLK) and a $525 Target Price

Investors sentiment increased to 1.28 in Q2 2017. Its up 0.09, from 1.19 in 2017Q1. It is positive, 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.

Chevy Chase Inc holds 0.23% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 113,598 shares. Hengehold Management Ltd Liability Company holds 0.63% or 5,308 shares. Whittier has invested 0.57% in BlackRock, Inc. (NYSE:BLK). Schwab Charles Inv Management Incorporated invested in 400,707 shares. Hgk Asset Mngmt Inc holds 2,310 shares. Daniel Devine & owns 3,460 shares for 1.19% of their portfolio. Missouri-based Ent Finance Svcs Corp has invested 0.05% in BlackRock, Inc. (NYSE:BLK). 2,038 were accumulated by Cape Ann Bank & Trust. Blue Chip Prtn stated it has 1.98% of its portfolio in BlackRock, Inc. (NYSE:BLK). Massachusetts Svcs Ma holds 0.38% or 2.01M shares in its portfolio. Creative Planning holds 4,253 shares or 0.01% of its portfolio. Howard Cap Management holds 28,540 shares or 1.9% of its portfolio. Motco invested in 22,593 shares. Banque Pictet Cie holds 0.01% in BlackRock, Inc. (NYSE:BLK) or 1,451 shares. Livforsakringsbolaget Skandia Omsesidigt invested in 0.09% or 2,323 shares.

BlackRock (NYSE:BLK) Rating Reaffirmed

Recently, In analysts report sent to clients and investors on Thursday, 12 October, BlackRock (NYSE:BLK) shares have had their Buy Rating kept by stock analysts at UBS, who currently has a $525 target price per share on company. This target by UBS gives the possibile upside of 10.41 % from the stock close price.

Investors sentiment increased to 1.28 in Q2 2017. Its up 0.09, from 1.19 in 2017Q1. It is positive, 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.

Chevy Chase Inc holds 0.23% of its portfolio in BlackRock, Inc. (NYSE:BLK) for 113,598 shares. Hengehold Management Ltd Liability Company holds 0.63% or 5,308 shares. Whittier has invested 0.57% in BlackRock, Inc. (NYSE:BLK). Schwab Charles Inv Management Incorporated invested in 400,707 shares. Hgk Asset Mngmt Inc holds 2,310 shares. Daniel Devine & owns 3,460 shares for 1.19% of their portfolio. Missouri-based Ent Finance Svcs Corp has invested 0.05% in BlackRock, Inc. (NYSE:BLK). 2,038 were accumulated by Cape Ann Bank & Trust. Blue Chip Prtn stated it has 1.98% of its portfolio in BlackRock, Inc. (NYSE:BLK). Massachusetts Svcs Ma holds 0.38% or 2.01M shares in its portfolio. Creative Planning holds 4,253 shares or 0.01% of its portfolio. Howard Cap Management holds 28,540 shares or 1.9% of its portfolio. Motco invested in 22,593 shares. Banque Pictet Cie holds 0.01% in BlackRock, Inc. (NYSE:BLK) or 1,451 shares. Livforsakringsbolaget Skandia Omsesidigt invested in 0.09% or 2,323 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. As per Friday, September 8, the company rating was initiated by Barclays Capital. Barclays Capital maintained it with “Equal-Weight” rating and $375 target in Wednesday, August 24 report. On Friday, October 2 the stock rating was upgraded by UBS to “Buy”. The rating was maintained by Barclays Capital on Wednesday, August 26 with “Equal-Weight”. On Tuesday, April 12 the stock rating was maintained by Credit Suisse with “Outperform”. The firm earned “Buy” rating on Thursday, October 12 by UBS. The rating was maintained by Barclays Capital on Tuesday, August 9 with “Equal-Weight”. The rating was maintained by Keefe Bruyette & Woods on Friday, June 23 with “Hold”. The stock of BlackRock, Inc. (NYSE:BLK) earned “Outperform” rating by Credit Suisse on Thursday, September 10. The rating was maintained by Deutsche Bank with “Buy” on Thursday, June 16.

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.

Analysts expect BlackRock, Inc. (NYSE:BLK) to report $5.52 EPS on October, 17.They anticipate $0.38 EPS change or 7.39 % from last quarter’s $5.14 EPS. BLK’s profit would be $888.56 million giving it 21.53 P/E if the $5.52 EPS is correct. After having $5.24 EPS previously, BlackRock, Inc.’s analysts see 5.34 % EPS growth.

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: Nasdaq.com which released: “Blackrock Inc. Profit Advances 13% In Q3” on October 11, 2017, also Forbes.com with their article: “Earnings Preview: What To Expect From BlackRock On Wednesday” published on October 09, 2017, Bloomberg.com published: “Is BlackRock the Amazon.com of Investing?” on October 11, 2017. More interesting news about BlackRock, Inc. (NYSE:BLK) were released by: Bloomberg.com and their article: “BlackRock Names Former Obama Aide to Run Sustainable Investing” published on October 10, 2017 as well as Reuters.com‘s news article titled: “BlackRock closes in on $6 trillion in assets as index funds boom” with publication date: October 11, 2017.

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