BlackRock, Inc. (NYSE:BLK) insider J. Richard Kushel sold 8,573 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $374.92, for a total value of $3,214,189.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
BlackRock, Inc. (NYSE:BLK) traded up 0.27% during trading on Monday, reaching $383.92. The company had a trading volume of 99,429 shares. BlackRock, Inc. has a 12-month low of $297.04 and a 12-month high of $399.46. The firm has a market capitalization of $62.63 billion, a PE ratio of 20.16 and a beta of 1.72. The firm’s 50 day moving average price is $379.67 and its 200 day moving average price is $369.64.
BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, January 13th. The company reported $5.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.02 by $0.12. BlackRock had a return on equity of 11.20% and a net margin of 28.44%. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the business earned $4.75 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Analysts anticipate that BlackRock, Inc. will post $21.36 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Investors of record on Monday, March 6th will be paid a dividend of $2.50 per share. This is an increase from BlackRock’s previous quarterly dividend of $2.29. This represents a $10.00 dividend on an annualized basis and a yield of 2.61%. BlackRock’s dividend payout ratio is 48.11%.
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A number of research analysts recently commented on the company. Argus restated a “buy” rating and issued a $400.00 target price on shares of BlackRock in a research note on Friday, October 21st. Citigroup Inc. restated a “buy” rating on shares of BlackRock in a research note on Friday, October 21st. Wells Fargo & Company restated a “market perform” rating on shares of BlackRock in a research note on Friday, October 21st. Credit Suisse Group restated a “buy” rating on shares of BlackRock in a research note on Tuesday, January 17th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $383.00 target price on shares of BlackRock in a research note on Wednesday, January 11th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $403.16.
A number of hedge funds and other institutional investors have recently bought and sold shares of BLK. Massmutual Trust Co. FSB ADV purchased a new position in BlackRock during the fourth quarter worth $7,380,000. Asset Management One Co. Ltd. increased its stake in shares of BlackRock by 1,761.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 215,337 shares of the company’s stock valued at $81,920,000 after buying an additional 203,767 shares during the period. Stellar Capital Management LLC bought a new stake in shares of BlackRock during the fourth quarter valued at approximately $3,463,000. Aviva PLC increased its stake in shares of BlackRock by 4.4% in the fourth quarter. Aviva PLC now owns 97,010 shares of the company’s stock valued at $36,939,000 after buying an additional 4,077 shares during the period. Finally, Elkfork Partners LLC bought a new stake in shares of BlackRock during the fourth quarter valued at approximately $2,006,000. 80.82% of the stock is currently owned by institutional investors and hedge funds.
BlackRock, Inc is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.
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