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BLK

BlackRock

$525.31

-8.65 (-1.62%)

06:19
04/12/18
04/12
06:19
04/12/18
06:19

BlackRock reports long-term net inflows of $57.3B

Long-term net inflows of $57.3 billion and $3.2 billion from clients in the Americas and Asia-Pacific regions, respectively, were partially offset by net outflows of $5.9 billion from clients in EMEA. At March 31, 2018, BlackRock managed 63% of its long-term AUM for clients in the Americas, 29% for clients in EMEA and 8% for clients in Asia-Pacific. The Company's net flows by client type for the first quarter of 2018 are presented below. Retail long-term net inflows of $16.7 billion reflected net inflows of $8.7 billion in the United States and $8.0 billion internationally. Fixed income net inflows of $10.0 billion were diversified across the Company's top-performing active platform, led by net inflows into unconstrained, emerging market and municipals categories. Equity net inflows of $4.2 billion reflected inflows into index mutual funds and international active equities. Multi-asset net inflows of $2.0 billion were largely due to inflows into the Multi-asset Income fund family. iShares ETFs long-term net inflows of $34.6 billion reflected strength in iShares Core ETFs. Equity net inflows of $29.7 billion were driven by both U.S. and international equity market exposures. Fixed income and commodity iShares generated $3.2 billion and $1.7 billion of net inflows, respectively. Institutional active long-term net outflows of $7.1 billion were driven by fixed income outflows of $4.1 billion linked to profit-taking and cash repatriation planning, and multi-asset net outflows of $4.1 billion resulting from a single redemption associated with client M&A activity. Alternatives net inflows of $1.4 billion were led by inflows into hedge funds, private equity solutions and infrastructure offerings. Institutional index long-term net inflows of $10.4 billion included fixed income net inflows of $17.5 billion, led by demand for liability-driven solutions, partially offset by equity net outflows of $7.2 billion.

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BLK BlackRock
$525.31

-8.65 (-1.62%)

01/16/18
ARGS
01/16/18
NO CHANGE
Target $170
ARGS
Buy
PNC Financial price target raised to $170 from $150 at Argus
Argus analyst Stephen Biggar raised his price target on PNC Financial (PNC) to $170, citing the company's Q4 earnings beat that also featured a 9% rise in net interest income, a 5% increase in average loans, and a 19bps net interest margin expansion. The analyst also notes PNC Financial's management forecasting a 2018 effective tax rate of 17%, down from 25% paid in 2017. Biggar keeps his Buy rating on PNC Financial, adding that the stock should trade at a premium to peers based on its 21% stake in BlackRock (BLK) which offers a "healthy" recurring dividend stream.
01/25/18
SBSH
01/25/18
DOWNGRADE
Target $625
SBSH
Neutral
BlackRock downgraded to Neutral from Buy at Citi
Citi analyst William Katz downgraded BlackRock to Neutral saying the "revaluation thesis" is now well understood . The analyst sees less positive earnings and valuation surprise potential at current stock levels. He keeps a $625 price target for BlackRock shares.
01/25/18
01/25/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Discover (DFS) downgraded to In Line from Outperform at Evercore ISI. 2. BlackRock (BLK) downgraded to Neutral from Buy at Citi with analyst William Katz saying the "revaluation thesis" is now well understood. 3. bluebird bio (BLUE) downgraded to Market Perform from Outperform at Leerink with analyst Michael Schmidt saying the company's clinical stage pipeline now is fairly valued while visibility into additional near-term sources of upside is limited. 4. Jagged Peak Energy (JAG) downgraded to Sector Perform from Outperform at RBC Capital with analyst Scott Hanold citing a tight frac service market in the Permian that lowers his projected growth outlook, saying the company is "more susceptible to frac service constraints due to its smaller scale and being a relatively newer entrant." 5. Varian Medical (VAR) downgraded to Sell from Neutral at Goldman Sachs with analyst Isaac Ro saying shares offer poor risk/reward versus MedTech peers. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/05/18
FBCO
04/05/18
NO CHANGE
Target $678
FBCO
Outperform
BlackRock price target raised to $678 from $672 at Credit Suisse
Credit Suisse analyst Craig Siegenthaler raised his price target for BlackRock to $678 from $672 on valuation. The analyst reiterates an Outperform rating on the shares.

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MSI

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SPDR Gold Shares

$115.56

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iShares Silver Trust

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United States Oil Fund

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AQST

Aquestive Therapeutics

$17.02

0.23 (1.37%)

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DAKT

Daktronics

$7.67

0.07 (0.92%)

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TI

Telecom Italia

$6.02

0.12 (2.03%)

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MAXR

Maxar Technologies

$18.77

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PLUG

Plug Power

$1.83

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GSB

GlobalSCAPE

$4.55

-0.02 (-0.44%)

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EQIX

Equinix

$388.18

2.67 (0.69%)

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LMT

Lockheed Martin

$301.06

-4.42 (-1.45%)

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TLGT

Teligent

$2.56

0.045 (1.79%)

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STAF

Staffing 360 Solutions

$1.82

0.07 (4.00%)

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IMMR

Immersion

$9.56

-0.14 (-1.44%)

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ATNX

Athenex

$11.95

0.74 (6.60%)

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TSRO

Tesaro

$34.96

8.39 (31.58%)

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EEI

Ecology & Environment

$10.50

-2 (-16.00%)

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AEE

Ameren

$69.29

0.01 (0.01%)

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EQS

Equus II Inc

$1.86

(0.00%)

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VAPO

Vapotherm

$17.10

-0.42 (-2.40%)

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COTY

Coty

$9.09

0.39 (4.48%)

16:55
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Hot Stocks
Coty CEO acquires 2.3M common shares »

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  • 03

    Mar

NVS

Novartis

$87.74

0.52 (0.60%)

16:54
11/16/18
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16:54
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16:54
Upgrade
Novartis rating change at Goldman Sachs »

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