Regentatlantic Capital LLC maintained its position in shares of BlackRock, Inc. (NYSE:BLK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 669 shares of the asset manager’s stock at the end of the second quarter. Regentatlantic Capital LLC’s holdings in BlackRock were worth $283,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the company. Alpha Windward LLC boosted its position 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 in the last quarter. Atria Investments LLC boosted its position in shares of BlackRock by 90.4% in the first quarter. Atria Investments LLC now owns 4,155 shares of the asset manager’s stock worth $1,594,000 after buying an additional 1,973 shares in the last quarter. Integrated Wealth Management boosted its position in shares of BlackRock by 1.1% in the first quarter. Integrated Wealth Management now owns 4,005 shares of the asset manager’s stock worth $1,536,000 after buying an additional 43 shares in the last quarter. Skylands Capital LLC boosted its position in shares of BlackRock by 141.5% in the first quarter. Skylands Capital LLC now owns 12,075 shares of the asset manager’s stock worth $4,631,000 after buying an additional 7,075 shares in the last quarter. Finally, Tompkins Financial Corp boosted its position in shares of BlackRock by 103.4% in the first quarter. Tompkins Financial Corp now owns 1,485 shares of the asset manager’s stock worth $506,000 after buying an additional 755 shares in the last quarter. 80.37% of the stock is currently owned by institutional investors.

Shares of BlackRock, Inc. (NYSE BLK) traded up 0.35% on Friday, hitting $424.16. The stock had a trading volume of 807,059 shares. BlackRock, Inc. has a 12 month low of $336.84 and a 12 month high of $442.84. The firm has a market cap of $68.80 billion, a P/E ratio of 20.36 and a beta of 1.71. The firm’s 50-day moving average price is $428.03 and its 200 day moving average price is $399.68.

BlackRock (NYSE:BLK) last announced its quarterly earnings data 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. BlackRock had a net margin of 29.92% and a return on equity of 11.74%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the company posted $4.78 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. Analysts anticipate that BlackRock, Inc. will post $21.85 EPS for the current fiscal 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 dividend of $2.50 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $10.00 annualized dividend and a yield of 2.36%. BlackRock’s dividend payout ratio is presently 47.98%.

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A number of equities research analysts have issued reports on the company. Deutsche Bank AG reiterated a “buy” rating and issued a $441.00 price target (down previously from $449.00) on shares of BlackRock in a research note on Saturday, April 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $387.00 price target on shares of BlackRock in a research note on Wednesday, May 17th. Bank of America Corporation reiterated a “buy” rating and issued a $450.00 price target on shares of BlackRock in a research note on Monday, June 19th. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “buy” rating and set a $480.00 price target for the company in a research note on Tuesday, June 20th. Finally, BidaskClub upgraded BlackRock from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. BlackRock currently has a consensus rating of “Buy” and an average price target of $434.93.

In related news, insider Mark Mccombe sold 500 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $405.98, for a total transaction of $202,990.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeff A. Smith sold 250 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $434.87, for a total transaction of $108,717.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,772 shares of company stock valued at $1,567,516. 1.86% of the stock is owned by corporate 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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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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