BlackRock (NYSE:BLK) announced a quarterly dividend on Thursday, July 25th, Stock Ratings Network.com reports. Stockholders of record on Monday, September 2nd will be paid a dividend of $1.68 per share on Monday, September 23rd. This represents a $6.72 annualized dividend and a dividend yield of 2.36%.
BLK has been the subject of a number of recent research reports. Analysts at Sterne Agee reiterated a “hold” rating on shares of BlackRock in a research note to investors on Friday, July 19th. They now have a $286.00 price target on the stock. On the ratings front, analysts at Credit Suisse raised their price target on shares of BlackRock to $288.00 in a research note to investors on Friday, July 19th. They now have a “neutral” rating on the stock. Finally, analysts at Evercore Partners initiated coverage on shares of BlackRock in a research note to investors on Wednesday, July 10th. They set an “overweight” rating on the stock.
Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $279.92.
BlackRock (NYSE: BLK) traded down 0.79% on Friday, hitting $282.74. BlackRock has a 1-year low of $165.69 and a 1-year high of $298.14. The stock’s 50-day moving average is currently $267.9. The company has a market cap of $48.377 billion and a price-to-earnings ratio of 18.51.
BlackRock (NYSE:BLK) last posted its quarterly earnings results on Thursday, July 18th. The company reported $4.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.87 by $0.28. The company had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the company posted $3.10 earnings per share. The company’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts expect that BlackRock will post $15.97 EPS for the current fiscal year.
BlackRock, Inc (NYSE: BLK) is an investment management firm.
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