BlackRock (BLK) Stock Drops Despite Market Gains: Important Facts to Note
BlackRock (BLK) reachead $771.41 at the closing of the latest trading day, reflecting a -1.34% change compared to its last close.
BlackRock TCP Capital: Post-Merger Opportunity For Income And Growth
BlackRock TCP Capital completed its merger with BlackRock Capital Investment, resulting in a jump in portfolio value. The company has lowered its management fee, potentially leading to an increase in dividends. BlackRock TCP Capital has the potential for re-rating as it resolves credit issues and maintains strong dividend coverage.
BlackRock Lists Pair of Targeted Fixed Income ETFs
On Friday, BlackRock rolled out its newest pair of iShares ETFs. These funds are the iShares iBonds Dec 2034 Term Corporate ETF (IBDZ) and the iShares iBonds Oct 2034 Term TIPS ETF (IBIK).
First Look At BlackRock's HY Muni ETF
The BlackRock High Yield Muni Income Bond ETF is a municipal bond fund without leverage that focuses on the middle of the investable universe. HYMU primarily invests in high-yield municipal bonds rated below investment grade and seeks to maximize tax-free current income. HYMU has outperformed similar funds since its launch and is recommended as a Buy for investors seeking a municipal bond fund.
BlackRock: Investing In The Largest Asset Manager In The World
BlackRock is the largest asset manager in the world, with $10.5 trillion in assets under management (AUM). The company's strong brand and reputation contribute to consistent funds inflows and profitability. Additionally, management puts considerable effort into diversifying the business mix. BlackRock's financial performance is robust, with strong earnings growth, dividend hikes, and share buybacks.
BlackRock (BLK) Stock Sinks As Market Gains: Here's Why
BlackRock (BLK) concluded the recent trading session at $805.19, signifying a -0.87% move from its prior day's close.
BlackRock (BLK) Stock Sinks As Market Gains: Here's Why
Zacks Equity Research Tale of the Tape BlackRock (BLK Quick QuoteBLK - Free Report) closed the latest trading day at $805.19, indicating a -0.87% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.09%. Elsewhere, the Dow lost 0.49%, while the tech-heavy Nasdaq added 0.65%.Shares of the investment firm have appreciated by 8.3% over the course of the past month, outperforming the Finance sector's gain of 7.41% and the S&P 500's gain of 5.78%.The investment community will be paying close attention to the earnings performance of BlackRock in its upcoming release. The company is expected to report EPS of $9.96, up 7.33% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $4.89 billion, indicating a 9.66% increase compared to the same quarter of the previous year.For the full year, the Zacks Consensus Estimates are projecting earnings of $41.31 per share and revenue of $20.21 billion, which would represent changes of +9.37% and +13.19%, respectively, from the prior year. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for BlackRock. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.29% higher. Right now, BlackRock possesses a Zacks Rank of #3 (Hold).Looking at its valuation, BlackRock is holding a Forward P/E ratio of 19.66. This expresses a premium compared to the average Forward P/E of 10.36 of its industry.One should further note that BLK currently holds a PEG ratio of 1.68. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Financial - Investment Management industry had an average PEG ratio of 0.96 as trading concluded yesterday.The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 148, putting it in the bottom 42% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow BLK in the coming trading sessions, be sure to utilize Zacks.com. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
BlackRock Just Sent These 8%+ Payers Soaring
A couple weeks ago, on May 3, BlackRock BlackRock , the world's largest investment firm, did something that will send a shockwave through our favorite high-yield investments: closed-end funds (CEFs).
Fed's $7.3 trillion balance sheet is worrying the world's largest asset manager. Here's why.
Changes to how the Federal Reserve manages one of world's most crucial piles of assets pose “underappreciated” risks to financial markets, BlackRock warned in a Friday client note.
Activist Boaz Weinstein says BlackRock funds are 'crushing shareholder rights'
Boaz Weinstein is fighting for control or reform at 10 BlackRock closed-end funds, which trade at a steep discount to their net asset value.
BlackRock CEO sees 'giant issue' for Europe due to AI power needs
The enormous power supply required by data centres to support artificial intelligence (AI) technologies will create competitive issues among countries and put Europe at a disadvantage, the CEO of BlackRock said on Friday.
Trailing S&P500 BY 11% YTD, Where Is BlackRock Headed?
BlackRock's stock (NYSE: BLK) has given negligible returns YTD as compared to the 11% rise in the S&P500 index over the same period. Further, at its current price of $816 per share, the stock is trading 11% below its fair value of $914 – Trefis' estimate for BlackRock's valuation.
