BlackRock (BLK) Projected to Post Quarterly Earnings on Friday

BlackRock (NYSE:BLK - Get Free Report) is projected to release its earnings data before the market opens on Friday, April 11th. Analysts expect BlackRock to post earnings of $10.84 per share and revenue of $5.47 billion for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

BlackRock (NYSE:BLK - Get Free Report) last posted its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the prior year, the business posted $9.66 earnings per share. The business's quarterly revenue was up 22.6% on a year-over-year basis. On average, analysts expect BlackRock to post $47 EPS for the current fiscal year and $54 EPS for the next fiscal year.

BlackRock Price Performance

BlackRock stock opened at $887.47 on Friday. The firm has a market capitalization of $137.78 billion, a P/E ratio of 21.13, a PEG ratio of 1.90 and a beta of 1.28. BlackRock has a one year low of $745.55 and a one year high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The business has a fifty day moving average price of $972.74 and a 200-day moving average price of $992.16.

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Friday, March 7th. This is a positive change from BlackRock's previous quarterly dividend of $5.10. BlackRock's payout ratio is presently 49.62%.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the completion of the sale, the director now owns 68,433 shares of the company's stock, valued at approximately $69,117,330. This represents a 12.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 20,430 shares of company stock worth $21,234,629 over the last ninety days. Insiders own 0.90% of the company's stock.

Institutional Trading of BlackRock

A hedge fund recently raised its stake in BlackRock stock. Brighton Jones LLC lifted its stake in BlackRock, Inc. (NYSE:BLK - Free Report) by 23.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,575 shares of the asset manager's stock after buying an additional 296 shares during the period. Brighton Jones LLC's holdings in BlackRock were worth $1,615,000 as of its most recent SEC filing. Institutional investors own 80.69% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Bank of America cut their price objective on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a research report on Thursday. Barclays reduced their price target on shares of BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company increased their price objective on BlackRock from $1,155.00 to $1,175.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods reduced their target price on BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. lowered their price target on BlackRock from $1,053.00 to $1,046.00 and set a "neutral" rating on the stock in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,130.85.

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About BlackRock

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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