Capital Advisors Inc. OK raised its holdings in BlackRock, Inc. (NYSE:BLK) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,544 shares of the asset manager’s stock after buying an additional 199 shares during the period. Capital Advisors Inc. OK’s holdings in BlackRock were worth $8,678,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Financial Architects Inc grew its position in shares of BlackRock by 0.7% in the 2nd quarter. Financial Architects Inc now owns 291 shares of the asset manager’s stock valued at $123,000 after acquiring an additional 2 shares during the period. Davis R M Inc. grew its position in shares of BlackRock by 0.4% in the 2nd quarter. Davis R M Inc. now owns 564 shares of the asset manager’s stock valued at $238,000 after acquiring an additional 2 shares during the period. Eqis Capital Management Inc. grew its position in shares of BlackRock by 0.5% in the 1st quarter. Eqis Capital Management Inc. now owns 609 shares of the asset manager’s stock valued at $233,000 after acquiring an additional 3 shares during the period. National Asset Management Inc. grew its position in shares of BlackRock by 0.4% in the 1st quarter. National Asset Management Inc. now owns 716 shares of the asset manager’s stock valued at $275,000 after acquiring an additional 3 shares during the period. Finally, Proficio Capital Partners LLC grew its position in shares of BlackRock by 1.2% in the 2nd quarter. Proficio Capital Partners LLC now owns 262 shares of the asset manager’s stock valued at $111,000 after acquiring an additional 3 shares during the period. Hedge funds and other institutional investors own 82.47% of the company’s stock.
In other BlackRock news, insider Jeff A. Smith sold 250 shares of the stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $434.87, for a total transaction of $108,717.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert W. Fairbairn sold 3,675 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $415.31, for a total transaction of $1,526,264.25. The disclosure for this sale can be found here. Insiders have sold 4,447 shares of company stock valued at $1,855,015 in the last 90 days. 1.86% of the stock is currently owned by corporate insiders.
A number of research analysts have recently commented on BLK shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $440.00 price objective on shares of BlackRock in a research report on Friday, July 14th. Bank of America Corporation reissued a “buy” rating and issued a $450.00 price objective on shares of BlackRock in a research report on Monday, June 19th. Barclays PLC started coverage on shares of BlackRock in a research report on Friday, September 8th. They issued an “overweight” rating and a $475.00 price objective for the company. Zacks Investment Research raised shares of BlackRock from a “hold” rating to a “buy” rating and set a $480.00 price objective for the company in a research report on Tuesday, June 20th. Finally, Deutsche Bank AG lifted their price objective on shares of BlackRock from $447.00 to $449.00 and gave the company a “buy” rating in a research report on Tuesday, July 4th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. BlackRock presently has an average rating of “Buy” and an average target price of $449.08.
Shares of BlackRock, Inc. (BLK) opened at 432.39 on Wednesday. The company has a market cap of $70.14 billion, a P/E ratio of 20.75 and a beta of 1.71. The company’s 50 day moving average is $422.45 and its 200 day moving average is $406.87. BlackRock, Inc. has a one year low of $336.84 and a one year high of $442.84.
BlackRock (NYSE:BLK) last posted its quarterly earnings data on Monday, July 17th. The asset manager reported $5.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.39 by ($0.15). BlackRock had a return on equity of 11.74% and a net margin of 29.92%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the business posted $4.78 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts predict that BlackRock, Inc. will post $21.83 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 5th will be issued a dividend of $2.50 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $10.00 dividend on an annualized basis and a yield of 2.31%. BlackRock’s dividend payout ratio (DPR) is presently 47.98%.
BlackRock Company Profile
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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