Tompkins Financial Corp Holds Position in BlackRock, Inc. (NYSE:BLK)
Tompkins Financial Corp held its stake in BlackRock, Inc. (NYSE:BLK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 730 shares of the asset manager’s stock at the end of the second quarter. Tompkins Financial Corp’s holdings in BlackRock were worth $308,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake 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 boosted its stake 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 boosted its stake 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 boosted its stake 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 stake in BlackRock during the first quarter worth $202,000. Institutional investors and hedge funds own 80.37% of the company’s stock.
Shares of BlackRock, Inc. (NYSE:BLK) traded up 0.35% on Friday, hitting $424.16. The company’s stock had a trading volume of 807,059 shares. BlackRock, Inc. has a 52 week low of $336.84 and a 52 week high of $442.84. The company has a market cap of $68.80 billion, a price-to-earnings ratio of 20.36 and a beta of 1.71. The stock’s 50 day moving average is $428.03 and its 200-day moving average is $399.68.
BlackRock (NYSE:BLK) last posted its quarterly earnings data on Monday, July 17th. The asset manager reported $5.24 earnings per share for the quarter, missing the consensus estimate of $5.39 by $0.15. BlackRock had a return on equity of 11.71% and a net margin of 29.24%. The firm had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the firm posted $4.78 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts anticipate that BlackRock, Inc. will post $21.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 5th will be paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, August 31st. BlackRock’s dividend payout ratio (DPR) is currently 47.98%.
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BLK has been the topic of a number of research reports. BidaskClub upgraded BlackRock from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $441.00 target price (down previously from $449.00) on shares of BlackRock in a research note on Saturday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $460.00 target price (up previously from $422.00) on shares of BlackRock in a research note on Monday, July 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $440.00 target price on shares of BlackRock in a research note on Friday, July 14th. Finally, Zacks Investment Research lowered BlackRock from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. BlackRock currently has a consensus rating of “Buy” and an average price target of $434.93.
In other BlackRock news, Director Susan Wagner sold 2,500 shares of BlackRock stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $414.31, for a total transaction of $1,035,775.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Mccombe sold 500 shares of BlackRock stock in a transaction on Friday, May 26th. The shares were 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 have sold a total of 3,772 shares of company stock valued at $1,567,516 in the last three months. Company insiders own 1.86% of the company’s stock.
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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