Banco Bilbao Vizcaya Argentaria S.A. Acquires 505 Shares of BlackRock $BLK

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in BlackRock by 13.4%, acquiring an additional 505 shares, bringing its total holdings to 4,264 shares worth approximately $4,034,000.
• BlackRock recently announced a quarterly dividend of $5.21, reflecting an annualized dividend of $20.84 and a yield of 1.8%.
• Analysts have a consensus rating of "Moderate Buy" for BlackRock, with twelve analysts recommending a "Buy" and an average price target of $1,151.21.

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 13.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,264 shares of the asset manager's stock after acquiring an additional 505 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in BlackRock were worth $4,034,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BLK. Brighton Jones LLC boosted its stake in shares of BlackRock by 23.1% during the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager's stock valued at $1,615,000 after purchasing an additional 296 shares during the period. Transce3nd LLC purchased a new stake in shares of BlackRock during the fourth quarter valued at approximately $51,000. MGO One Seven LLC purchased a new stake in BlackRock in the fourth quarter worth $3,635,000. Brasada Capital Management LP lifted its stake in BlackRock by 1.8% in the fourth quarter. Brasada Capital Management LP now owns 1,129 shares of the asset manager's stock worth $1,078,000 after acquiring an additional 20 shares during the period. Finally, Tenere Capital LLC lifted its stake in BlackRock by 50.0% in the fourth quarter. Tenere Capital LLC now owns 22,786 shares of the asset manager's stock worth $23,358,000 after acquiring an additional 7,600 shares during the period. Hedge funds and other institutional investors own 80.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BLK shares. Telsey Advisory Group reaffirmed an "outperform" rating on shares of BlackRock in a research note on Tuesday, July 8th. Argus reaffirmed a "buy" rating on shares of BlackRock in a research note on Tuesday, July 8th. Morgan Stanley lowered their price objective on BlackRock from $1,247.00 to $1,224.00 and set an "overweight" rating for the company in a research report on Wednesday, July 16th. Zacks Research lowered BlackRock from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Bank of America raised their price objective on BlackRock from $1,214.00 to $1,224.00 and gave the company a "buy" rating in a research report on Wednesday, July 16th. Twelve analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,151.21.

BlackRock Price Performance

Shares of NYSE:BLK opened at $1,129.0310 on Thursday. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,171.89. 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 business has a fifty day moving average price of $1,079.75 and a 200-day moving average price of $991.10. The company has a market capitalization of $174.83 billion, a PE ratio of 27.30, a PEG ratio of 2.16 and a beta of 1.42.

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

BlackRock Announces Dividend

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

Insiders Place Their Bets

In related news, Director J. Richard Kushel sold 17,142 shares of BlackRock stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $1,120.50, for a total value of $19,207,611.00. Following the completion of the sale, the director directly owned 61,369 shares in the company, valued at approximately $68,763,964.50. This trade represents a 21.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rachel Lord sold 18,036 shares of BlackRock stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $1,125.60, for a total value of $20,301,321.60. Following the completion of the sale, the director owned 19,205 shares of the company's stock, valued at $21,617,148. The trade was a 48.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,494 shares of company stock valued at $74,694,573 over the last quarter. Corporate insiders own 1.98% of the company's stock.

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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