217 Shares in BlackRock $BLK Acquired by TFR Capital LLC.

Key Points

• TFR Capital LLC acquired 217 shares of BlackRock valued at approximately $228,000 during the 2nd quarter, according to their 13F filing with the SEC.
• Several institutional investors have recently increased their holdings in BlackRock; notably, Arizona State Retirement System invested $40.86 million during the 1st quarter.
• BlackRock reported a $12.05 EPS for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $5.21.

TFR Capital LLC. acquired a new position in BlackRock (NYSE:BLK - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 217 shares of the asset manager's stock, valued at approximately $228,000.

Several other institutional investors have also recently bought and sold shares of the stock. Securian Asset Management Inc. bought a new stake in shares of BlackRock during the 1st quarter valued at $7,331,000. Prudent Man Advisors LLC bought a new stake in shares of BlackRock during the 1st quarter valued at $2,018,000. Allianz SE raised its position in shares of BlackRock by 2.6% during the 1st quarter. Allianz SE now owns 11,025 shares of the asset manager's stock valued at $10,435,000 after acquiring an additional 277 shares during the last quarter. Arizona State Retirement System bought a new stake in shares of BlackRock during the 1st quarter valued at $40,868,000. Finally, Community Financial Services Group LLC raised its position in shares of BlackRock by 17.2% during the 1st quarter. Community Financial Services Group LLC now owns 5,702 shares of the asset manager's stock valued at $5,397,000 after acquiring an additional 836 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

Insider Activity

In related news, Director Fabrizio Freda sold 4,434 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $1,122.81, for a total value of $4,978,539.54. Following the completion of the sale, the director directly owned 3,506 shares in the company, valued at approximately $3,936,571.86. This trade represents a 55.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director J. Richard Kushel sold 17,142 shares of the firm's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $1,120.50, for a total transaction of $19,207,611.00. Following the completion of the sale, the director owned 61,369 shares of the company's stock, valued at $68,763,964.50. This trade represents a 21.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,494 shares of company stock valued at $74,694,573. Company insiders own 1.98% of the company's stock.

Analyst Ratings Changes

BLK has been the subject of several recent research reports. Weiss Ratings reiterated a "buy (b-)" rating on shares of BlackRock in a research report on Wednesday. BMO Capital Markets began coverage on shares of BlackRock in a research report on Friday, October 3rd. They issued an "outperform" rating and a $1,280.00 price objective for the company. UBS Group restated a "neutral" rating and issued a $980.00 price objective on shares of BlackRock in a research report on Tuesday, July 8th. Jefferies Financial Group upped their price objective on shares of BlackRock from $1,196.00 to $1,325.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Telsey Advisory Group restated an "outperform" rating on shares of BlackRock in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,254.47.

BlackRock Trading Down 0.2%

BlackRock stock opened at $1,163.72 on Thursday. The firm has a 50-day moving average of $1,132.82 and a 200-day moving average of $1,032.16. BlackRock has a one year low of $773.74 and a one year high of $1,184.13. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.04 and a quick ratio of 4.04. The company has a market cap of $180.21 billion, a price-to-earnings ratio of 28.14, a P/E/G ratio of 2.20 and a beta of 1.45.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The asset manager reported $12.05 EPS for the quarter, topping analysts' consensus estimates of $10.41 by $1.64. BlackRock had a net margin of 29.68% and a return on equity of 15.53%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.40 billion. During the same period in the prior year, the business posted $10.36 EPS. The company's quarterly revenue was up 12.9% on a year-over-year basis. On average, equities analysts expect that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 5th were paid a $5.21 dividend. This represents a $20.84 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, September 5th. BlackRock's dividend payout ratio (DPR) is 50.39%.

About BlackRock

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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