Company Update (NYSE:BLK): BlackRock Announces Primary Listing Venue Changes for 11 iShares ETFs

[Business Wire] – BlackRock, Inc. plans to change the primary listing venue for 11 iShares ETFs. The following funds are scheduled to move on or about February 2nd, 2016: Read more on this. BlackRock, Inc. (BLK) , currently valued at $55.46B, started trading this morning at $334.19. Shares have traded today between $329.12 and $336.10 per share with a one year range of $275.00 to $382.84. BLK shares are currently priced at 16.91x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.98x earnings multiple for the same period. And for income investors, the company pays shareholders $8.72 per share annually in dividends, yielding 2.56%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $4.82 per share, which would be $0.00 worse than the year-ago quarter and a $0.12 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $19.70 would be a $0.36 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.83 Billion. If reported, that would be a 1.80% increase over the year-ago quarter. More recently, Gabelli & Co upgraded BLK from Hold to Buy (Sep 16, 2015). Previously, Credit Suisse upgraded BLK from Neutral to Outperform. When considering if the stock is under or overvalued, the average price target is $376.41, which is 12.63% above where the stock opened this morning. See more in (NYSE:BLK) Similar Articles: Market Update: BlackRock Inc (NYSE:BLK) – BlackRock broad-market iShares ETF becoming cheaper than Vanguard’s Stock Update: BlackRock Inc (NYSE:BLK) – BlackRock Launches Impact Equity Funds Company Update: BlackRock Inc (NYSE:BLK) – BlackRock to Acquire FutureAdvisor