BKD Wealth Advisors LLC purchased a new stake in BlackRock, Inc. (NYSE:BLK) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 398 shares of the asset manager’s stock, valued at approximately $216,000.
Other hedge funds also recently made changes to their positions in the company. Bamco Inc. NY bought a new stake in shares of BlackRock in the 1st quarter valued at about $106,000. Princeton Capital Management LLC bought a new stake in shares of BlackRock in the 1st quarter valued at about $115,000. Bray Capital Advisors bought a new stake in shares of BlackRock in the 1st quarter valued at about $128,000. O Shaughnessy Asset Management LLC bought a new stake in shares of BlackRock in the 1st quarter valued at about $139,000. Finally, Assetmark Inc. increased its stake in shares of BlackRock by 57.1% in the 4th quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock valued at $143,000 after acquiring an additional 101 shares during the last quarter. 83.50% of the stock is owned by institutional investors.
In other BlackRock news, insider Jeff A. Smith sold 166 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $546.13, for a total transaction of $90,657.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Marc D. Comerchero sold 400 shares of the company’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $524.84, for a total value of $209,936.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,066 shares of company stock valued at $558,514. Insiders own 1.86% of the company’s stock.
Shares of BlackRock opened at $524.98 on Friday, according to MarketBeat.com. BlackRock, Inc. has a 52-week low of $408.62 and a 52-week high of $594.52. The company has a debt-to-equity ratio of 1.02, a current ratio of 3.96 and a quick ratio of 3.96. The company has a market capitalization of $84.35 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 1.59 and a beta of 1.67.
BlackRock (NYSE:BLK) last released its quarterly earnings results on Thursday, April 12th. The asset manager reported $6.70 earnings per share for the quarter, topping analysts’ consensus estimates of $6.39 by $0.31. BlackRock had a return on equity of 12.76% and a net margin of 39.22%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm posted $5.25 EPS. The business’s revenue was up 15.9% on a year-over-year basis. equities analysts forecast that BlackRock, Inc. will post 28.01 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 21st. Shareholders of record on Thursday, June 7th were given a dividend of $2.88 per share. This represents a $11.52 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date was Wednesday, June 6th. BlackRock’s dividend payout ratio (DPR) is currently 50.97%.
Several equities analysts recently issued reports on the company. Deutsche Bank decreased their price objective on BlackRock to $623.00 and set a “buy” rating for the company in a research report on Tuesday, March 6th. ValuEngine lowered BlackRock from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Zacks Investment Research lowered BlackRock from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $640.00 price objective on shares of BlackRock in a research report on Wednesday, March 14th. Finally, Credit Suisse Group boosted their price objective on BlackRock from $672.00 to $678.00 and gave the company an “outperform” rating in a research report on Thursday, April 5th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $576.33.
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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