BlackRock (BLK)

Re: BlackRock (BLK)

Postby winston » Wed Feb 27, 2019 10:16 pm

not vested

We Just Bought This Stock For The Income Builder Portfolio

by Mike Nadel

According to Value Line’s “Relative P/E” — which compares one stock to the 1,700 it covers, with 1.00 being fairly valued — BlackRock is priced just about right.

VL also says BLK can appreciate about 20% to 60% over the next 3-5 years.


Source: Daily Trade Alert

https://dailytradealert.com/2019/02/27/ ... tfolio-10/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106914
Joined: Wed May 07, 2008 9:28 am

Re: BlackRock (BLK)

Postby winston » Tue Sep 24, 2019 9:52 pm

not vested

BlackRock

Many on Wall Street love this firm’s growth potential near term and especially long term.

BlackRock Inc. (NYSE: BLK) is the largest asset manager in the world, with more than $5 trillion in assets under management.

Its acquisitions of Merrill Lynch Investment Management and iShares transformed it from a fixed income manager into a multi-product and multi-channel giant, with roughly 40% of its assets under management overseas.

It has leading franchises in exchange-traded funds (ETFs), institutional fixed income, alternatives and cash. It also operates Solutions, a leader in risk analytics.

The company’s strong historical and prospective dividend growth is underpinned by the high-quality and diversified business model. Dividends have increased 18% annually over the past 10 years. Dividend growth likely will moderate but remains solid in the low teens, consistent with expectations for earnings growth in the years ahead.

The Jefferies report noted this:

Management has been able to drive +7.2% organic growth year to date, and tech revs are up 15.4% year over year.

The company had record-breaking fixed income flows in the second quarter and we expect that momentum to continue into the third quarter.

Shares trade at 14.5 times 2020 estimated EPS, which we view as an attractive entry point considering the positive secular trends supporting the company.

Shareholders receive a 3% dividend.

The Jefferies price objective for the shares is $537, while the Wall Street consensus price target is $524.46.

The stock closed Monday at $446.20 a share.

Source: Jefferie's
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106914
Joined: Wed May 07, 2008 9:28 am

Re: BlackRock (BLK)

Postby winston » Wed Feb 19, 2020 1:43 pm

not vested

BlackRock Inc. (BLK)

On Wall Street, BlackRock is known as one of the largest asset managers in the world. Pulling the trigger on BLK in the fourth quarter, Bridgewater purchased over 32,000 shares for $16.1 million.

Following the company’s solid quarterly performance, several analysts also see the stock as a Buy.

In Q4, BLK posted EPS of $8.34, well above the $7.66 consensus estimate. In addition, long-term inflows surpassed the Street’s $82 billion projection, landing at $99 billion or a 6.1% annualized pace.

While higher opex led to an operating margin compression of 254 basis points to 43.5%, Morgan Stanley’s Michael Cyprys thinks the print was positive overall.

“4Q19 results this morning demonstrate BLK's ability to continue delivering strong organic growth,” the four-star analyst explained. On top of this, he pointed out, “Debunking ‘too big to grow fears,’ BLK delivered 7%-plus organic asset growth for the full year 2019, which is an acceleration from 2.1%-plus organic growth in 2018 and 4.3%-plus average growth rate over last five years. Importantly, strong net new money growth translated into 5% organic base fee growth in 2019, better than the 2% growth in 2018.”

Based on this report, Cyprys expects other analysts to make adjustments to their outlooks for 2020. “Higher AUM levels, better fee rate, and strong organic growth trajectory should support upward revisions to consensus EPS, despite higher core G&A expense guidance into 2020,” he noted.

With the company also hoping to receive the board’s approval for a dividend increase, the deal is sealed for Cyprys. In line with his bullish take on the financial stock, he left both his Overweight rating and $603 price target unchanged. Should the target be met, a twelve-month gain of 7% could be in the cards. (To watch Cyprys’ track record, click here)

In general, the rest of the Street is on the same page. With 7 Buys and 2 Holds received in the last three months, the consensus rating comes in as a Strong Buy.

Source: TipRanks
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106914
Joined: Wed May 07, 2008 9:28 am

Re: BlackRock (BLK)

Postby winston » Tue May 12, 2020 11:41 am

not vested

BlackRock's Largest Shareholder Sells 22% Stakes

PNC, BlackRock’s largest shareholder, plans to sell its entire 22% shareholdings.

BlackRock is going to buy back US$1.1 billion in common shares.

Its stock price slipped 2.3% during the extended trading hours to US$481.99.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106914
Joined: Wed May 07, 2008 9:28 am

Re: BlackRock (BLK)

Postby winston » Tue May 12, 2020 9:37 pm

not vested

Fed Will Start Buying Bond ETFs Tuesday; Blackrock To Make Over $15 Million In Fees

Source: Investing.com
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 106914
Joined: Wed May 07, 2008 9:28 am

Previous

Return to A to D

Who is online

Users browsing this forum: No registered users and 3 guests

cron