Pensionfund DSM Netherlands Continues to Hold Position in BlackRock, Inc. (NYSE:BLK)
Pensionfund DSM Netherlands maintained its stake in shares of BlackRock, Inc. (NYSE:BLK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,100 shares of the asset manager’s stock at the end of the second quarter. Pensionfund DSM Netherlands’ holdings in BlackRock were worth $4,266,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Alpha Windward LLC increased its stake in shares of BlackRock by 0.6% in the first quarter. Alpha Windward LLC now owns 487 shares of the asset manager’s stock worth $187,000 after buying an additional 3 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of BlackRock by 0.5% in the first quarter. Eqis Capital Management Inc. now owns 609 shares of the asset manager’s stock worth $233,000 after buying an additional 3 shares during the last quarter. National Asset Management Inc. increased its stake in shares of BlackRock by 0.4% in the first quarter. National Asset Management Inc. now owns 716 shares of the asset manager’s stock worth $275,000 after buying an additional 3 shares during the last quarter. JNBA Financial Advisors increased its stake in shares of BlackRock by 0.4% in the first quarter. JNBA Financial Advisors now owns 910 shares of the asset manager’s stock worth $349,000 after buying an additional 4 shares during the last quarter. Finally, Keel Point LLC increased its stake in shares of BlackRock by 0.9% in the first quarter. Keel Point LLC now owns 797 shares of the asset manager’s stock worth $306,000 after buying an additional 7 shares during the last quarter. 80.37% of the stock is owned by institutional investors.
BlackRock, Inc. (BLK) traded up 0.04% during midday trading on Monday, reaching $426.70. The company had a trading volume of 66,943 shares. The company has a market capitalization of $69.21 billion, a price-to-earnings ratio of 20.48 and a beta of 1.71. The firm has a 50-day moving average price of $427.11 and a 200-day moving average price of $397.31. BlackRock, Inc. has a 52 week low of $336.84 and a 52 week high of $442.83.
BlackRock (NYSE:BLK) last posted its quarterly earnings data on Monday, July 17th. The asset manager reported $5.24 EPS for the quarter, missing the consensus estimate of $5.39 by $0.15. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.01 billion. BlackRock had a return on equity of 11.79% and a net margin of 29.92%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $4.78 earnings per share. Analysts expect that BlackRock, Inc. will post $21.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 5th will be issued 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 is currently 47.98%.
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A number of analysts recently commented on the company. Bank of America Corporation reaffirmed a “buy” rating and set a $450.00 price target on shares of BlackRock in a research report on Monday, June 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $476.00 price target (up from $460.00) on shares of BlackRock in a research report on Tuesday, July 18th. Zacks Investment Research raised BlackRock from a “hold” rating to a “buy” rating and set a $480.00 price target for the company in a research report on Tuesday, June 20th. Deutsche Bank AG raised their target price on BlackRock from $447.00 to $449.00 and gave the stock a “buy” rating in a research report on Tuesday, July 4th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $387.00 target price on shares of BlackRock in a research report on Wednesday, May 17th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. BlackRock currently has an average rating of “Buy” and a consensus target price of $434.93.
In related news, Director Susan Wagner sold 2,500 shares of the company’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $414.31, for a total value of $1,035,775.00. Following the completion of the transaction, the director now owns 484,386 shares of the company’s stock, valued at approximately $200,685,963.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Mccombe sold 500 shares of the company’s stock in a transaction on Friday, May 26th. The stock was sold at an average price of $405.98, for a total transaction of $202,990.00. The disclosure for this sale can be found here. Insiders sold a total of 3,772 shares of company stock valued at $1,567,516 in 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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