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BLK
Stock ticker: NYSE
AS OF
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Capitalization
99.86B

BLK Blackrock Forecast, Technical & Fundamental Analysis

a provider of investment and risk management services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BLK with price predictions
08:00 PM EDT Sep 20, 2023

BLK sees MACD Histogram crosses below signal line

BLK saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 21, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 18, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BLK as a result. In of 66 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

BLK moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BLK declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BLK's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BLK advanced for three days, in of 356 cases, the price rose further within the following month. The odds of a continued upward trend are .

BLK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 337 cases where BLK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. BLK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock slightly better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.614) is normal, around the industry mean (3.515). P/E Ratio (19.531) is within average values for comparable stocks, (31.128). Projected Growth (PEG Ratio) (2.357) is also within normal values, averaging (4.176). Dividend Yield (0.030) settles around the average of (0.071) among similar stocks. P/S Ratio (5.838) is also within normal values, averaging (78.181).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Bank of New York Mellon Corp (NYSE:BK), Ares Capital Corp (NASDAQ:ARCC), WisdomTree (NYSE:WT), AMTD IDEA Group (NYSE:AMTD).

Industry description

Investment Managers manage financial assets and other investments of clients. Management includes designing a short- or long-term strategy for buying/holding and selling of portfolio holdings. It can also include tax services and other aspects of financial planning as well. While it is perceived that the industry is faced with growing competition from robo-advisors/digital platforms and passive/ index-tracking funds, many investors still find value in actively managed in-person services that investment management companies often emphasize on. At the same time, many wealth managers are also incorporating digital initiatives/low cost options in addition to their in-person customized services. Their main sources of revenues are fees as a percentage of assets under management, in addition to a certain portion of clients’ gains from asset appreciation. BlackRock, Inc., Blackstone Group Inc and Brookfield Asset Management are some of the major investment management companies.

Market Cap

The average market capitalization across the Investment Managers Industry is 5.25B. The market cap for tickers in the group ranges from 57 to 108.81B. FDLPF holds the highest valuation in this group at 108.81B. The lowest valued company is RSERF at 57.

High and low price notable news

The average weekly price growth across all stocks in the Investment Managers Industry was -2%. For the same Industry, the average monthly price growth was 8%, and the average quarterly price growth was 13%. GGPXF experienced the highest price growth at 13%, while PNXPF experienced the biggest fall at -58%.

Volume

The average weekly volume growth across all stocks in the Investment Managers Industry was 3%. For the same stocks of the Industry, the average monthly volume growth was 18% and the average quarterly volume growth was -6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 36
P/E Growth Rating: 50
Price Growth Rating: 56
SMR Rating: 69
Profit Risk Rating: 80
Seasonality Score: -23 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
Show details...
A.I. Advisor
published Earnings

BLK is expected to report earnings to fall 4.96% to $8.82 per share on October 11

Blackrock BLK Stock Earnings Reports
Q3'23
Est.
$8.82
Q2'23
Beat
by $0.85
Q1'23
Beat
by $0.18
Q4'22
Beat
by $1.07
Q3'22
Beat
by $2.49
The last earnings report on July 14 showed earnings per share of $9.28, beating the estimate of $8.43. With 466.67K shares outstanding, the current market capitalization sits at 99.86B.
A.I.Advisor
published Dividends

BLK paid dividends on September 22, 2023

Blackrock BLK Stock Dividends
А dividend of $5.00 per share was paid with a record date of September 22, 2023, and an ex-dividend date of September 07, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of investment and risk management services

Industry InvestmentManagers

Profile
Fundamentals
Details
Industry
Investment Managers
Address
50 Hudson Yards
Phone
+1 212 810-5300
Employees
19800
Web
https://www.blackrock.com
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BLK and

Correlation & Price change

A.I.dvisor indicates that over the last year, BLK has been closely correlated with TROW. These tickers have moved in lockstep 83% of the time. This A.I.-generated data suggests there is a high statistical probability that if BLK jumps, then TROW could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BLK
1D Price
Change %
BLK100%
-1.31%
TROW - BLK
83%
Closely correlated
-0.69%
BEN - BLK
80%
Closely correlated
-0.64%
IVZ - BLK
79%
Closely correlated
-0.96%
SEIC - BLK
77%
Closely correlated
-0.03%
KKR - BLK
75%
Closely correlated
+1.27%
More

Groups containing BLK

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BLK
1D Price
Change %
BLK100%
-1.31%
BLK
(undefined stocks)
94%
Closely correlated
-0.33%
investment
(undefined stocks)
87%
Closely correlated
-0.26%
social
(undefined stocks)
87%
Closely correlated
-0.50%
risk
(undefined stocks)
85%
Closely correlated
-0.20%
Investment Managers
(undefined stocks)
79%
Closely correlated
-0.11%