Boston Trust Walden Corp Purchases 2,786 Shares of BlackRock (NYSE:BLK)

Boston Trust Walden Corp grew its position in BlackRock (NYSE:BLK - Free Report) by 10.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,888 shares of the asset manager's stock after acquiring an additional 2,786 shares during the period. Boston Trust Walden Corp's holdings in BlackRock were worth $28,288,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its stake in shares of BlackRock by 1.7% in the fourth quarter. Amalgamated Bank now owns 28,711 shares of the asset manager's stock valued at $29,432,000 after acquiring an additional 489 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of BlackRock by 4.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,480 shares of the asset manager's stock valued at $12,793,000 after acquiring an additional 578 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of BlackRock by 6.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager's stock valued at $67,038,000 after acquiring an additional 4,210 shares during the last quarter. Polar Capital Holdings Plc bought a new position in shares of BlackRock in the fourth quarter valued at approximately $15,307,000. Finally, Portland Financial Advisors Inc bought a new position in BlackRock in the 4th quarter worth approximately $353,000. Institutional investors own 80.69% of the company's stock.

Insider Activity

In other news, Director J. Richard Kushel sold 2,000 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $852.01, for a total value of $1,704,020.00. Following the completion of the transaction, the director now owns 66,034 shares of the company's stock, valued at $56,261,628.34. The trade was a 2.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.98% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BLK has been the subject of several research analyst reports. Wall Street Zen upgraded shares of BlackRock to a "hold" rating in a research report on Saturday, May 24th. Bank of America dropped their price objective on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Citigroup dropped their price objective on shares of 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. Argus boosted their price objective on shares of BlackRock from $1,028.00 to $1,090.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Morgan Stanley dropped their price objective on shares of BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,096.31.

BlackRock Price Performance

BLK opened at $977.88 on Friday. The company has a fifty day moving average price of $946.64 and a two-hundred day moving average price of $970.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.34 and a current ratio of 4.34. BlackRock has a 52 week low of $773.74 and a 52 week high of $1,084.22. The firm has a market capitalization of $151.50 billion, a PE ratio of 23.76, a P/E/G ratio of 2.97 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 net margin of 30.09% and a return on equity of 15.57%. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the business earned $9.81 EPS. The business's quarterly revenue was up 11.6% compared to the same quarter last year. As a group, analysts anticipate that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be issued a $5.21 dividend. This represents a $20.84 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock's dividend payout ratio (DPR) is 50.63%.

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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