Albion Financial Group UT held its position in shares of BlackRock, Inc. (NYSE:BLK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 727 shares of the asset manager’s stock at the end of the 2nd quarter. Albion Financial Group UT’s holdings in BlackRock were worth $307,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BLK. Financial Architects Inc increased its holdings in BlackRock by 0.7% in the 2nd quarter. Financial Architects Inc now owns 291 shares of the asset manager’s stock worth $123,000 after acquiring an additional 2 shares in the last quarter. Davis R M Inc. increased its holdings in BlackRock by 0.4% in the 2nd quarter. Davis R M Inc. now owns 564 shares of the asset manager’s stock worth $238,000 after acquiring an additional 2 shares in the last quarter. National Asset Management Inc. increased its holdings in BlackRock by 0.4% in the 1st quarter. National Asset Management Inc. now owns 716 shares of the asset manager’s stock worth $275,000 after acquiring an additional 3 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in BlackRock by 1.2% in the 2nd quarter. Proficio Capital Partners LLC now owns 262 shares of the asset manager’s stock worth $111,000 after acquiring an additional 3 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. increased its holdings in BlackRock by 0.4% in the 2nd quarter. ZWJ Investment Counsel Inc. now owns 688 shares of the asset manager’s stock worth $291,000 after acquiring an additional 3 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.
BlackRock, Inc. (BLK) traded up 0.32% on Friday, hitting $482.15. The stock had a trading volume of 148,425 shares. The company has a 50-day moving average of $435.54 and a 200 day moving average of $414.91. BlackRock, Inc. has a 12 month low of $336.84 and a 12 month high of $485.23. The company has a market cap of $78.21 billion, a PE ratio of 22.58 and a beta of 1.72.
BlackRock (NYSE:BLK) last issued its quarterly earnings results on Wednesday, October 11th. The asset manager reported $5.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.49 by $0.43. BlackRock had a return on equity of 12.09% and a net margin of 29.52%. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the business earned $5.14 earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, analysts predict that BlackRock, Inc. will post $22.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 5th were given a dividend of $2.50 per share. This represents a $10.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Thursday, August 31st. BlackRock’s payout ratio is 46.82%.
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In other BlackRock news, insider Jeff A. Smith sold 250 shares of the business’s stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $434.87, for a total transaction of $108,717.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert W. Fairbairn sold 3,675 shares of the business’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $415.31, for a total value 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 over the last quarter. 1.86% of the stock is owned by company insiders.
Several research firms recently issued reports on BLK. Zacks Investment Research raised shares of BlackRock from a “hold” rating to a “buy” rating and set a $501.00 target price for the company in a report on Tuesday, October 3rd. Wells Fargo & Company reissued a “market perform” rating and issued a $475.00 target price (up from $450.00) on shares of BlackRock in a report on Thursday. J P Morgan Chase & Co increased their target price on shares of BlackRock to $558.00 and gave the stock an “overweight” rating in a report on Thursday. Jefferies Group LLC reissued a “hold” rating and issued a $465.00 target price on shares of BlackRock in a report on Thursday. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $500.00 target price on shares of BlackRock in a report on Thursday. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $478.50.
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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