Bearish Options Activity on BlackRock, Inc. After Worse Fundamentals

 Bearish Options Activity on BlackRock, Inc. After Worse Fundamentals

In today’s session BlackRock, Inc. (BLK) recorded an unusually high (1,321) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious BLK decrease. With 1,321 contracts traded and 4274 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: BLK170120P00320000 closed last at: $7.1 or 14.5% down. About 150,633 shares traded hands. BlackRock, Inc. (NYSE:BLK) has declined 0.06% since March 29, 2016 and is downtrending. It has underperformed by 3.54% the S&P500.

BlackRock, Inc. (NYSE:BLK) Ratings Coverage

Out of 13 analysts covering BlackRock (NYSE:BLK), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. $430 is the highest target while $304 is the lowest. The $377.87 average target is 10.20% above today’s ($342.9) stock price. BlackRock has been the topic of 54 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, August 24. The firm earned “Market Perform” rating on Friday, October 14 by Wood. Barclays Capital maintained the stock with “Equal-Weight” rating in Tuesday, April 5 report. RBC Capital Markets maintained the shares of BLK in a report on Thursday, October 15 with “Outperform” rating. Argus Research maintained BlackRock, Inc. (NYSE:BLK) on Monday, January 18 with “Buy” rating. The firm has “Equal-Weight” rating given on Tuesday, August 9 by Barclays Capital. The company was maintained on Friday, August 5 by Deutsche Bank. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) on Thursday, March 17 with “Buy” rating. Jefferies maintained the shares of BLK in a report on Wednesday, October 7 with “Hold” rating. Deutsche Bank maintained BlackRock, Inc. (NYSE:BLK) rating on Friday, September 9. Deutsche Bank has “Buy” rating and $414 price target.

According to Zacks Investment Research, “BlackRock, Inc. is one of the largest investment management firms in the United States. The company offers a variety of investment products to institutional and individual investors in the U.S. and internationally. The company also offers a variety of risk management services to large institutional fixed income investors.”

Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.11, from 1.07 in 2016Q1. The ratio fall, as 66 funds sold all BlackRock, Inc. shares owned while 282 reduced positions. 55 funds bought stakes while 279 increased positions. They now own 129.74 million shares or 9.62% less from 143.56 million shares in 2016Q1.
The Georgia-based Atlantic Grp Incorporated Limited Liability Com has invested 0.72% in BlackRock, Inc. (NYSE:BLK). Creative Planning holds 0.01% or 3,179 shares in its portfolio. Community Commercial Bank Na accumulated 93 shares or 0.01% of the stock. Point72 Asia (Hong Kong) Ltd has 0.11% invested in the company for 269 shares. Moreover, Hudock Cap Group Inc Ltd Liability has 0% invested in BlackRock, Inc. (NYSE:BLK) for 29 shares. Sii Investments Wi accumulated 1,314 shares or 0.04% of the stock. Torray Ltd Liability Corporation holds 2.38% or 91,549 shares in its portfolio. Silvercrest Asset Mngmt Group Llc accumulated 1.21% or 278,869 shares. Macquarie Grp holds 0.04% or 61,714 shares in its portfolio. Bridgecreek Mgmt Ltd Liability Corporation holds 17,660 shares or 1.86% of its portfolio. Conning holds 0.85% or 60,142 shares in its portfolio. Moreover, Boys Arnold & Inc has 0.04% invested in BlackRock, Inc. (NYSE:BLK) for 610 shares. Exxonmobil Invest Mgmt Tx has 0.24% invested in the company for 32,561 shares. Fiduciary holds 0.04% or 3,621 shares in its portfolio. North Star Inv Mgmt last reported 103 shares in the company.

BlackRock, Inc. is an investment management company. The company has a market cap of $56.09 billion. The Firm provides a range of investment and risk management services to institutional and retail clients across the world. It has a 18.02 P/E ratio. The Company’s offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.

BLK Company Profile

BlackRock, Inc., incorporated on February 13, 2006, is an investment management company. The Firm provides a range of investment and risk management services to institutional and retail clients across the world. The Company’s product offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. The Company’s products are offered directly and through intermediaries in a range of vehicles, including open-end and closed-end mutual funds, iShares exchange-traded funds (ETFs), separate accounts, collective investment funds and other pooled investment vehicles. The Firm offers its BlackRock Solutions (BRS) investment and risk management technology platform, Aladdin; risk analytics, and advisory services and solutions to a range of institutional investors.

Another recent and important BlackRock, Inc. (NYSE:BLK) news was published by Etfdailynews.com which published an article titled: “BlackRock Slashes Management Fees Across Several Key ETFs” on October 05, 2016.

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