BlackRock, Inc. (BLK) Position Decreased by Duncker Streett & Co. Inc.
Duncker Streett & Co. Inc. reduced its position in shares of BlackRock, Inc. (NYSE:BLK) by 14.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 622 shares of the asset manager’s stock after selling 107 shares during the period. Duncker Streett & Co. Inc.’s holdings in BlackRock were worth $263,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC raised its position in BlackRock by 44.1% in the first quarter. Fisher Asset Management LLC now owns 108,774 shares of the asset manager’s stock worth $41,716,000 after buying an additional 33,283 shares in the last quarter. Stifel Financial Corp raised its position in BlackRock by 19.1% in the first quarter. Stifel Financial Corp now owns 170,590 shares of the asset manager’s stock worth $65,487,000 after buying an additional 27,321 shares in the last quarter. KBC Group NV raised its position in BlackRock by 35.1% in the first quarter. KBC Group NV now owns 50,282 shares of the asset manager’s stock worth $19,284,000 after buying an additional 13,065 shares in the last quarter. Van Cleef Asset Management Inc raised its position in BlackRock by 1.6% in the first quarter. Van Cleef Asset Management Inc now owns 3,237 shares of the asset manager’s stock worth $1,241,000 after buying an additional 50 shares in the last quarter. Finally, Pinnacle Bank purchased a new position in BlackRock during the first quarter worth approximately $202,000. 80.37% of the stock is currently owned by institutional investors.
BlackRock, Inc. (NYSE BLK) traded up 0.21% during midday trading on Monday, reaching $427.42. 106,733 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $427.11 and a 200 day moving average price of $397.31. BlackRock, Inc. has a 12 month low of $336.84 and a 12 month high of $442.83. The company has a market cap of $69.33 billion, a P/E ratio of 20.52 and a beta of 1.71.
BlackRock (NYSE:BLK) last released its earnings results on Monday, July 17th. The asset manager reported $5.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.39 by $0.15. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.01 billion. BlackRock had a return on equity of 11.79% and a net margin of 29.92%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $4.78 earnings per share. On average, equities analysts anticipate that BlackRock, Inc. will post $21.84 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 5th will be paid a $2.50 dividend. This represents a $10.00 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, August 31st. BlackRock’s dividend payout ratio (DPR) is presently 47.98%.
BLK has been the topic of a number of recent analyst reports. BidaskClub raised shares of BlackRock from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Deutsche Bank AG restated a “buy” rating and issued a $441.00 price objective (down previously from $449.00) on shares of BlackRock in a research note on Saturday, April 22nd. Morgan Stanley restated an “overweight” rating and issued a $460.00 price objective (up previously from $422.00) on shares of BlackRock in a research note on Monday, July 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $440.00 price objective on shares of BlackRock in a research note on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of BlackRock from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. BlackRock presently has an average rating of “Buy” and an average target price of $434.93.
In other news, insider Jeff A. Smith sold 522 shares of the firm’s stock in a transaction dated Tuesday, July 18th. The stock was sold at an average price of $421.52, for a total transaction of $220,033.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Wagner sold 2,500 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $414.31, for a total value of $1,035,775.00. Following the transaction, the director now owns 484,386 shares of the company’s stock, valued at $200,685,963.66. The disclosure for this sale can be found here. Insiders sold 3,772 shares of company stock worth $1,567,516 over the last ninety days. 1.86% of the stock is currently owned by insiders.
BlackRock Company Profile
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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