Great West Life Assurance Co. Can increased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,198 shares of the asset manager’s stock after buying an additional 597 shares during the quarter. Great West Life Assurance Co. Can owned 0.07% of BlackRock worth $61,901,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the stock. Bamco Inc. NY acquired a new stake in BlackRock during the 1st quarter valued at $106,000. Princeton Capital Management LLC acquired a new stake in BlackRock during the 1st quarter valued at $115,000. Bray Capital Advisors acquired a new stake in BlackRock during the 1st quarter valued at $128,000. O Shaughnessy Asset Management LLC acquired a new stake in BlackRock during the 1st quarter valued at $139,000. Finally, Assetmark Inc. increased its holdings in BlackRock by 57.1% during the 4th quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock valued at $143,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 83.36% of the company’s stock.
A number of equities research analysts recently weighed in on BLK shares. Deutsche Bank dropped their price target on BlackRock to $623.00 and set a “buy” rating for the company in a report on Tuesday, March 6th. ValuEngine cut BlackRock from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research cut BlackRock from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $640.00 price target on shares of BlackRock in a report on Wednesday, March 14th. Finally, Credit Suisse Group raised their price target on BlackRock from $672.00 to $678.00 and gave the company an “outperform” rating in a report on Thursday, April 5th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. BlackRock presently has an average rating of “Buy” and a consensus price target of $566.62.
BlackRock opened at $539.61 on Monday, according to Marketbeat. The firm has a market capitalization of $86.43 billion, a PE ratio of 23.88, a PEG ratio of 1.63 and a beta of 1.67. BlackRock, Inc. has a 52 week low of $403.12 and a 52 week high of $594.52. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.02.
BlackRock (NYSE:BLK) last released its earnings results on Thursday, April 12th. The asset manager reported $6.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $6.39 by $0.31. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. BlackRock had a return on equity of 12.76% and a net margin of 39.22%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $5.25 EPS. equities research analysts expect that BlackRock, Inc. will post 28.05 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 21st. Stockholders of record on Thursday, June 7th will be paid a $2.88 dividend. The ex-dividend date of this dividend is Wednesday, June 6th. This represents a $11.52 annualized dividend and a dividend yield of 2.13%. BlackRock’s dividend payout ratio (DPR) is currently 50.97%.
BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.
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