BlackRock (NYSE:BLK) is set to release its earnings data before the market opens on Thursday, January 11th. Analysts expect BlackRock to post earnings of $5.94 per share for the quarter.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.49 by $0.43. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company posted $5.14 earnings per share. On average, analysts expect BlackRock to post $22 EPS for the current fiscal year and $25 EPS for the next fiscal year.

Shares of BlackRock (BLK) opened at $514.34 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89. The stock has a market capitalization of $82,470.00, a P/E ratio of 24.08, a P/E/G ratio of 1.57 and a beta of 1.81. BlackRock has a 12 month low of $365.83 and a 12 month high of $520.74.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Monday, December 4th were paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, December 1st. BlackRock’s dividend payout ratio (DPR) is currently 46.82%.

In other news, Director Susan Wagner sold 4,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $506.10, for a total value of $2,024,400.00. Following the completion of the transaction, the director now directly owns 481,915 shares in the company, valued at approximately $243,897,181.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J. Richard Kushel sold 100 shares of the stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $481.58, for a total value of $48,158.00. The disclosure for this sale can be found here. Insiders have sold 5,200 shares of company stock valued at $2,599,302 over the last 90 days. Corporate insiders own 1.86% of the company’s stock.

Several brokerages recently issued reports on BLK. Jefferies Group reiterated a “hold” rating and issued a $440.00 price target on shares of BlackRock in a research note on Tuesday, September 26th. Wells Fargo & Co reiterated a “market perform” rating and issued a $475.00 price target (up from $450.00) on shares of BlackRock in a research note on Thursday, October 12th. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “buy” rating and set a $501.00 price target for the company in a research note on Tuesday, October 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $500.00 target price on shares of BlackRock in a research note on Thursday, October 12th. Finally, JPMorgan Chase & Co. upped their target price on BlackRock to $558.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $489.08.

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About BlackRock

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its 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.

Earnings History for BlackRock (NYSE:BLK)

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