BlackRock (NYSE:BLK) Shares Bought by Greenleaf Trust

Greenleaf Trust raised its stake in BlackRock (NYSE:BLK - Free Report) by 9.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,644 shares of the asset manager's stock after acquiring an additional 689 shares during the quarter. Greenleaf Trust's holdings in BlackRock were worth $7,235,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. IAG Wealth Partners LLC acquired a new position in shares of BlackRock in the fourth quarter worth $26,000. Investment Management Corp VA ADV purchased a new stake in shares of BlackRock in the fourth quarter valued at $30,000. Fairway Wealth LLC grew its position in shares of BlackRock by 76.5% in the first quarter. Fairway Wealth LLC now owns 30 shares of the asset manager's stock valued at $28,000 after purchasing an additional 13 shares during the period. MorganRosel Wealth Management LLC purchased a new stake in shares of BlackRock in the first quarter valued at $31,000. Finally, Curio Wealth LLC purchased a new stake in BlackRock during the fourth quarter valued at about $41,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Trading Down 0.0%

NYSE:BLK opened at $1,075.92 on Wednesday. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.38. The business's 50 day moving average is $986.01 and its two-hundred day moving average is $970.03. BlackRock has a 52 week low of $773.74 and a 52 week high of $1,086.84. The company has a market cap of $166.69 billion, a PE ratio of 26.14, a P/E/G ratio of 3.24 and a beta of 1.41.

BlackRock (NYSE:BLK - Get Free Report) last released its earnings results on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, topping analysts' consensus estimates of $10.84 by $0.46. BlackRock had a return on equity of 15.57% and a net margin of 30.09%. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter last year, the business posted $9.81 EPS. BlackRock's quarterly revenue was up 11.6% compared to the same quarter last year. On average, analysts predict that BlackRock will post 47.41 EPS for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Thursday, June 5th were given a dividend of $5.21 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $20.84 dividend on an annualized basis and a yield of 1.94%. BlackRock's dividend payout ratio is currently 50.63%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BLK. Morgan Stanley reissued an "overweight" rating and set a $1,164.00 price target on shares of BlackRock in a research report on Tuesday. TD Cowen lowered their price target on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Argus reaffirmed a "buy" rating on shares of BlackRock in a research report on Tuesday. Wall Street Zen raised BlackRock to a "hold" rating in a research report on Saturday, May 24th. Finally, Citigroup decreased their target price on BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,108.62.

Insiders Place Their Bets

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $912.50, for a total transaction of $9,125,000.00. Following the sale, the director owned 66,034 shares of the company's stock, valued at $60,256,025. The trade was a 13.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.98% of the stock is owned by insiders.

BlackRock Company Profile

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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