Prudential Financial Inc. Has $76.44 Million Stake in BlackRock, Inc. (BLK)

Olive Hawkins
January 13, 2018

The firm has a market capitalization of $86,250.00, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 1.57 and a beta of 1.81. It operates through four divisions: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health. It has a 18.63 P/E ratio. The Diagnostics segment provides Aptima family of assays, target capture/nucleic acid extraction technology, transcription-mediated amplification technology, hybridization protection and dual kinetic assays, Procleix family of assays for blood screening, instrumentation, Invader chemistry platform, ThinPrep system, and rapid fetal fibronectin test. The institutional investor owned 3,650 shares of the asset manager's stock after selling 300 shares during the period. BlackRock, Inc. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09. The stock decreased 0.44% or $2.37 during the last trading session, reaching $531.57. About 753,920 shares traded or 64.89% up from the average.

Operating income reported by BlackRock, the fourth quarter of 2017 was $1.49 billion. It has underperformed by 4.51% the S&P500. BlackRock, Inc. has a one year low of $365.83 and a one year high of $540.00. (NYSE:BLK) rating on Sunday, August 13. The institutional investor held 22,123 shares of the finance company at the end of 2017Q3, valued at $9.89M, up from 21,228 at the end of the previous reported quarter. BLK's profit will be $957.10 million for 22.41 P/E if the $5.93 EPS becomes a reality. The asset manager reported $6.24 earnings per share for the quarter, topping the Zacks' consensus estimate of $5.94 by $0.30, Bloomberg Earnings reports. It also reduced Target Corp Com (NYSE:TGT) stake by 14,090 shares and now owns 16,290 shares. Wells Fargo (NYSE:WFC) was raised too. Beacon Gp holds 0.06% in BlackRock, Inc.

Ratings analysis reveals 76% of BlackRock's analysts are positive. BlackRock had 77 analyst reports since August 26, 2015 according to SRatingsIntel. Blue Chip Partners Inc. grew its position in BlackRock by 8.5% in the 2nd quarter. (NYSE:BLK) has "Outperform" rating given on Tuesday, April 12 by Credit Suisse. The rating was maintained by Deutsche Bank with "Buy" on Wednesday, October 5. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The rating was maintained by Morgan Stanley with "Overweight" on Thursday, October 5. Deutsche Bank has "Buy" rating and $455 target. Argus Research maintained BlackRock, Inc. The stock of EQT Corporation (NYSE:EQT) has "Buy" rating given on Friday, August 14 by Global Hunter Securities. Credit Suisse maintained the shares of BLK in report on Tuesday, July 18 with "Outperform" rating. The company presently has a consensus rating of "Buy" and an average price target of $498.50. The rating was upgraded by Goldman Sachs to "Buy" on Thursday, September 28. Finally, Jefferies Group reissued a "hold" rating and set a $465.00 price objective on shares of BlackRock in a report on Thursday, October 12th. The biggest holder now is Laurence D. Fink who owns 1,061,159 shares (0.66% of those outstanding), whilst Ralph L. Schlosstein holds 600,935 (0.37% of shares outstanding) and Charles S. Hallac holds 551,506 (0.34% of shares outstanding). It increased, as 27 investors sold BLK shares while 287 reduced holdings.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. 206.32 million shares or 5.35% less from 217.98 million shares in 2017Q2 were reported. The legal version of this article can be read at Kistler reported 275 shares. Schwab Charles Inv Inc holds 0.16% or 418,198 shares. (NYSE:BLK). Profund Advsr Limited Liability holds 0.06% or 3,044 shares in its portfolio.

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The energy company reported ($0.08) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.20) by $0.12. On Thursday, December 7 the stock rating was downgraded by Imperial Capital to "In-Line". ( BBG ) opened at $5.18 on Monday.

Several research analysts have commented on BLK shares. (NYSE:BLK). Cedar Hill Ltd Limited Liability Company owns 553 shares. EQT Corporation (NYSE:EQT) has declined 18.61% since January 11, 2017 and is downtrending. Moreover, Homrich And Berg has 0.07% invested in BlackRock, Inc. Wellington Shields Management Ltd Limited Liability Company holds 0.12% or 1,960 shares in its portfolio. 29,314 were accumulated by X Limited Liability. BlackRock earned a daily sentiment score of 0.11 on Accern's scale. Wealthtrust Fairport Lc has invested 0.93% of its portfolio in BlackRock, Inc.

Since January 1, 2018, it had 2 buys, and 0 sales for $40,356 activity. (NASDAQ:SIGM) to report earnings on April, 4. Redwood Capital Management Llc sold 148,769 shares as the company's stock rose 11.09% with the market. Following the transaction, the director now owns 481,915 shares in the company, valued at approximately $243,897,181.50. New York State Common Retirement Fund now owns 357,800 shares of the asset manager's stock worth $159,969,000 after purchasing an additional 31,600 shares during the last quarter. Cibc Asset Mgmt reported 17,845 shares stake.

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