BlackRock, Inc. (BLK) - JP Morgan Maintains Rating And Updates Price Target

Marco Green
October 13, 2017

The Teacher Retirement System Of Texas holds 40,866 shares with $4.21M value, up from 29,477 last quarter. Blackrock Inc now has $78.02 billion valuation.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, October 11th. It has outperformed by 24.08% the S&P500. Therefore 75% are positive. BlackRock has a 52 week low of $336.84 and a 52 week high of $474.37. October 10 investment analysts at Barclays maintained a stock rating of "Overweight" but moved down the price target to $500.00 from $475.00. BlackRock had 70 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of BlackRock, Inc. Deutsche Bank maintained it with "Buy" rating and $392 target in Friday, July 15 report. The rating was maintained by Keefe Bruyette & Woods with "Hold" on Friday, June 23.

Most of the company's growth has come from its wildly successful exchange-traded fund business, known as iShares, which Credit Suisse estimates now accounts for half of all USA investments in the products. Societe Generale maintained the stock with "Hold" rating in Wednesday, October 28 report. The firm has "Hold" rating by Jefferies given on Thursday, April 13.

And shares could go even higher, according to Credit Suisse. (NYSE:BLK) on Friday, September 8 with "Overweight" rating. Susquehanna maintained the stock with "Neutral" rating in Thursday, September 3 report. (NYSE:BLK) rating on Tuesday, April 12. Canaccord Genuity maintained BP plc (LON:BP) rating on Friday, June 16.

The stock realized a rise in short interest of 1.57% as of the latest report on September 29, 2017. Its down 0.27, from 1.09 in 2017Q1. It improved, as 31 investors sold MSCI shares while 102 reduced holdings. 41 funds opened positions while 138 raised stakes. 417,311 are held by Kayne Anderson Rudnick Investment Mngmt Limited Liability Co. Mufg Americas Corporation holds 0.02% in Conagra Brands Inc (NYSE:CAG) or 13,810 shares. Parametric Associate Limited Liability Company has invested 0.13% in BlackRock, Inc. Moreover, Td Asset Management has 0.01% invested in Msci Inc (NYSE:MSCI). Advantus Capital Mgmt accumulated 12,361 shares. The fund owned 238,471 shares of the asset manager's stock after selling 18,366 shares during the quarter. 2,746 are held by Pitcairn Co. 349.71 million shares or 2.43% less from 358.41 million shares in 2017Q1 were reported. (NYSE:BLK). Balyasny Asset Limited Co owns 52,062 shares for 0.09% of their portfolio. Private Advisor Gp Lc has invested 0.01% in Msci Inc (NYSE:MSCI). Arizona State Retirement Systems invested 0.05% in Msci Inc (NYSE:MSCI). Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Therefore 25% are positive.

Several equities analysts recently issued reports on the company. As per Wednesday, January 11, the company rating was upgraded by Citigroup. Morgan Stanley maintained Msci Inc (NYSE:MSCI) on Monday, August 7 with "Equal-Weight" rating. (NYSE:LVLT) rating on Tuesday, November 1. The stock of Msci Inc (NYSE:MSCI) has "Buy" rating given on Monday, November 2 by UBS. The firm has "Buy" rating given on Tuesday, November 10 by Cantor Fitzgerald.

Papp L Roy & Associates increased Johnson & Johnson (NYSE:JNJ) stake by 5,145 shares to 85,389 valued at $11.30M in 2017Q2.

About 5.25M shares traded. Dominion Energy Inc (NYSE:DCUC) was reduced too. During the same period in the previous year, the business posted $5.14 earnings per share. BLK's profit will be $901.15 million for 21.46 P/E if the $5.52 EPS becomes a reality.

Investors sentiment decreased to 0.99 in 2017 Q2. Its up 0.09, from 1.19 in 2017Q1. It increased, as 40 investors sold BLK shares while 284 reduced holdings. The Business's products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. 129.86 million shares or 1.53% more from 127.89 million shares in 2017Q1 were reported.

Credit Suisse's Craig Siegenthaler and his team take a look at BlackRock today (BLK), writing that it's their top pick among traditional asset managers, thanks to its strong inflows and earnings per share growth between 15% and 20%. Over the last five trading sessions, the stock has moved 3.50%. 423 are held by Patten Gru. Swiss National Bank & Trust reported 1.18 million shares or 0.08% of all its holdings.

Raymond James Financial Services Advisors Inc. grew its position in shares of BlackRock, Inc. (NYSE:BLK) for 3,335 shares. Goldman Sachs upgraded BlackRock, Inc. (NYSE:BLK). Segall Bryant And Hamill Llc reported 0.01% in BlackRock, Inc. Nordea Mngmt Ab invested 0.06% in BlackRock, Inc. (NYSE:LVLT) for 625,859 shares. Its up 136.36% from 1,100 shares previously. Dynamic Cap Management has invested 0.5% in BlackRock, Inc. Moreover, Sei Invs Communication has 0.04% invested in BlackRock, Inc.

BlackRock, Inc.is an investment management company.

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