Stock Update (NYSE:BLK): BlackRock Announces Share Splits for iShares ETFs

[Business Wire] – BlackRock, Inc. announced today that the Board of Trustees of iShares Trust has authorized share splits for a number of iShares ETFs. The Board has approved share split Read more on this. BlackRock, Inc. (BLK) , valued at $52.78B, opened this morning at $326.48. Looking at the stock, its one day range is $317.60 to $326.63 with the price of the stock fluctuating between $275.00 to $369.33 over the last 52 weeks. Priced at 17.05x this year’s forecasted earnings, BLK shares are relatively expensive compared to the industry’s -53.33x forward p/e ratio. And for dividend hunters, the company pays shareholders $9.16 per share annually in dividends, yielding 2.75%. Consensus earnings for the current quarter by the 16 sell-side analysts covering the stock is an estimate of $4.84 per share, which would be $0.12 worse than the year-ago quarter and a $0.10 sequential increase. In looking at the bigger picture, the full-year EPS estimate of $19.50 would be a $0.10 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.82 Billion. If realized, that would be a 2.76% decrease over the year-ago quarter. More recently, Citigroup upgraded BLK from Neutral to Buy (Apr 19, 2016). Previously, Gabelli & Co upgraded BLK from Hold to Buy. Investors should keep in mind is that the average price target is $389.71, which is 19.37% above where the stock opened this morning. See more in (NYSE:BLK) Similar Articles: Market Update (NYSE:BLK): BlackRock Introduces iShares Sustainable MSCI Global Impact ETF Market Update: BlackRock Inc (NYSE:BLK) – BlackRock switches benchmarks on U.S. bond ETFs Company Update (NYSE:BLK): BlackRock Announces Primary Listing Venue Changes for 11 iShares ETFs