Uptick Partners LLC bought a new stake in BlackRock (NYSE:BLK - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 327 shares of the asset manager's stock, valued at approximately $343,000.
A number of other large investors have also bought and sold shares of BLK. Duncker Streett & Co. Inc. lifted its position in BlackRock by 48.2% in the second quarter. Duncker Streett & Co. Inc. now owns 676 shares of the asset manager's stock valued at $710,000 after purchasing an additional 220 shares during the last quarter. Smart Portfolios LLC raised its holdings in BlackRock by 3.1% during the 2nd quarter. Smart Portfolios LLC now owns 857 shares of the asset manager's stock valued at $899,000 after buying an additional 26 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in BlackRock by 3.5% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 321 shares of the asset manager's stock valued at $337,000 after buying an additional 11 shares during the period. Ritholtz Wealth Management grew its holdings in BlackRock by 20.1% in the 2nd quarter. Ritholtz Wealth Management now owns 2,675 shares of the asset manager's stock worth $2,806,000 after acquiring an additional 448 shares during the last quarter. Finally, Curated Wealth Partners LLC purchased a new position in shares of BlackRock in the second quarter valued at about $214,000. 80.69% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other BlackRock news, Director Fabrizio Freda sold 4,434 shares of the business's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $1,122.81, for a total value of $4,978,539.54. Following the sale, the director directly owned 3,506 shares of the company's stock, valued at approximately $3,936,571.86. The trade was a 55.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Laurence Fink sold 14,828 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $1,122.28, for a total value of $16,641,167.84. Following the transaction, the chief executive officer owned 263,751 shares of the company's stock, valued at $296,002,472.28. The trade was a 5.32% 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 worth $74,694,573 over the last three months. 1.98% of the stock is owned by corporate insiders.
BlackRock Stock Performance
Shares of BlackRock stock opened at $1,193.23 on Wednesday. BlackRock has a 12 month low of $773.74 and a 12 month high of $1,209.82. The firm has a market capitalization of $184.77 billion, a P/E ratio of 28.85, a P/E/G ratio of 2.10 and a beta of 1.45. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. The business has a fifty day simple moving average of $1,137.33 and a two-hundred day simple moving average of $1,038.10.
BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.78 by ($0.23). BlackRock had a return on equity of 15.53% and a net margin of 29.68%.The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.22 billion. During the same quarter in the previous year, the business earned $11.46 earnings per share. The firm's revenue was up 25.2% compared to the same quarter last year. On average, equities analysts forecast that BlackRock will post 47.41 earnings per share for the current fiscal year.
BlackRock Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Investors of record on Friday, September 5th were given a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, September 5th. BlackRock's dividend payout ratio (DPR) is 50.39%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. BMO Capital Markets initiated coverage on shares of BlackRock in a report on Friday, October 3rd. They set an "outperform" rating and a $1,280.00 target price for the company. Jefferies Financial Group upped their price target on BlackRock from $1,196.00 to $1,325.00 and gave the company a "buy" rating in a research report on Tuesday, October 7th. BNP Paribas Exane lifted their price objective on BlackRock from $1,160.00 to $1,265.00 and gave the stock an "outperform" rating in a research report on Thursday, October 9th. Argus reissued a "buy" rating on shares of BlackRock in a research note on Tuesday, July 8th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $980.00 price target on shares of BlackRock in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, BlackRock currently has an average rating of "Moderate Buy" and a consensus price target of $1,267.69.
Check Out Our Latest Report on BlackRock
BlackRock Company Profile
(
Free Report)
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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