Published: Mon, July 17, 2017
Markets | By Noel Gibbs

The Keefe, Bruyette & Woods Reiterates Hold Rating for BlackRock, Inc. (BLK)

The Keefe, Bruyette & Woods Reiterates Hold Rating for BlackRock, Inc. (BLK)

Depending on the earnings numbers reported, BlackRock, Inc. Finally, BidaskClub raised shares of BlackRock from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 1st. BlackRock's payout ratio is now 49.14%. Shares are trading at $441.39 which is slightly above $410.09, the 50 day moving average and which is just a bit higher than the 200 day moving average of $390.31. Empire Life Investments Inc. bought a new stake in BlackRock during the fourth quarter worth $30,490,000.

More than ever, Mr. Fink is positioning BlackRock to focus on such systematic investment strategies as basic index funds, E.T.F.s and blended strategies like smart beta and factors that target investment themes like momentum and low volatility. BlackRock now has a consensus rating of "Buy" and an average target price of $428.36. AQR Capital Management LLC boosted its stake in BlackRock by 51.0% in the fourth quarter.

BlackRock Inc Chief Executive Larry Fink on Monday said it will be hard for the United States to reach the 3 percent annual growth target set by President Donald Trump. As of the end of the quarter Fisher Asset Management, LLC had bought 629 shares growing its stake by 0.6%. Finally, Zacks Investment Research upgraded BlackRock from a "hold" rating to a "buy" rating and set a $480.00 price target for the company in a research note on Tuesday, June 20th. Norges Bank purchased a new stake in shares of BlackRock during the fourth quarter valued at about $3,254,686,000. Wells Fargo & Company MN raised its stake in BlackRock by 4.1% in the first quarter.

Jackie Bradley, Jr. made the darndest catch last night against the Yankees
In the early game, Sabathia (8-3) made his second start since a stint on the disabled list (strained left hamstring). Yankees SS Didi Gregorius' fifth-inning homer to right field in game one Sunday traveled 295 feet, per Statcast.

Shares of the asset management firm have outperformed the broader stock market and the financials sector this year. They presently have a $440.00 price objective on the asset manager's stock. Equities research analysts anticipate that BlackRock, Inc. will post $22.12 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in BLK.

Last time, the company failed Wall Street by reporting EPS of $4.76, smashing the consensus of $4.89 per share. Proficio Capital Partners LLC now owns 259 shares of the asset manager's stock valued at $103,000 after buying an additional 85 shares during the period. Kings Point Capital Management increased its position in shares of BlackRock by 34.5% in the first quarter.

$1M in marijuana found inside Ford Fusions
The marijuana-laden vehicles were transported to the USA and on to Lordstown, Ohio, via CSX railways. This isn't the first time Ford Fusions made in Mexico have been used to smuggle marijuana.

ILLEGAL ACTIVITY WARNING: This story was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece of content on another publication, it was stolen and republished in violation of USA & global copyright & trademark law. The correct version of this report can be accessed at Also, Director Susan Wagner sold 2,500 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $414.31, for a total transaction of $1,035,775.00. Following the completion of the transaction, the director now directly owns 484,386 shares of the company's stock, valued at approximately $200,685,963.66.

In other news, insider Mark Mccombe sold 500 shares of the business's stock in a transaction on Friday, May 26th.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages. The disclosure for this sale can be found here. Company insiders own 1.86% of the company's stock. BlackRock offers its Aladdin investment system, as well as risk management, outsourcing, advisory and technology services, to institutional investors and wealth management intermediaries under the BlackRock Solutions (BRS) name.

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