United Capital Financial Advisers LLC lowered its position in BlackRock, Inc. (NYSE:BLK) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,667 shares of the asset manager’s stock after selling 2,052 shares during the quarter. United Capital Financial Advisers LLC’s holdings in BlackRock were worth $51,332,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of BLK. FMR LLC grew its holdings in BlackRock by 11.0% during the 2nd quarter. FMR LLC now owns 3,892,865 shares of the asset manager’s stock worth $3,406,141,000 after acquiring an additional 386,410 shares in the last quarter. Liberty Wealth Management LLC lifted its position in shares of BlackRock by 112,080.7% during the second quarter. Liberty Wealth Management LLC now owns 127,886 shares of the asset manager’s stock valued at $146,000 after buying an additional 127,772 shares during the last quarter. Mn Services Vermogensbeheer B.V. purchased a new stake in shares of BlackRock during the second quarter valued at about $82,772,000. Toronto Dominion Bank lifted its position in shares of BlackRock by 98.8% during the second quarter. Toronto Dominion Bank now owns 192,225 shares of the asset manager’s stock valued at $87,487,000 after buying an additional 95,552 shares during the last quarter. Finally, Bank of Nova Scotia lifted its position in shares of BlackRock by 313.3% during the second quarter. Bank of Nova Scotia now owns 122,260 shares of the asset manager’s stock valued at $106,947,000 after buying an additional 92,682 shares during the last quarter. Institutional investors own 78.13% of the company’s stock.
BLK traded up $26.66 on Thursday, reaching $894.47. The company’s stock had a trading volume of 22,899 shares, compared to its average volume of 583,632. The stock has a 50 day moving average of $895.01 and a two-hundred day moving average of $866.24. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $136.13 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 2.40 and a beta of 1.15. BlackRock, Inc. has a fifty-two week low of $587.90 and a fifty-two week high of $959.89.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 22nd. Shareholders of record on Tuesday, September 7th were paid a $4.13 dividend. This represents a $16.52 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Friday, September 3rd. BlackRock’s dividend payout ratio is currently 48.85%.
Several equities analysts recently commented on the stock. Citigroup increased their price objective on shares of BlackRock from $1,030.00 to $1,035.00 and gave the company a “buy” rating in a research report on Thursday. BMO Capital Markets dropped their price objective on shares of BlackRock from $797.00 to $794.00 and set a “market perform” rating on the stock in a research note on Thursday. Credit Suisse Group dropped their price objective on shares of BlackRock from $1,011.00 to $1,000.00 and set an “outperform” rating on the stock in a research note on Thursday, July 15th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of BlackRock from $1,039.00 to $1,008.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Morgan Stanley lifted their price target on shares of BlackRock from $1,021.00 to $1,026.00 and gave the company an “overweight” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, BlackRock presently has a consensus rating of “Buy” and a consensus price target of $952.93.
In other news, General Counsel Christopher J. Meade sold 2,106 shares of the company’s stock in a transaction that occurred on Tuesday, July 20th. The stock was sold at an average price of $877.24, for a total transaction of $1,847,467.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.16% of the stock is owned by corporate insiders.
BlackRock Company Profile
BlackRock, Inc engages in providing investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments. The company was founded by Ralph L.
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