BlackRock, Inc. (BLK) Insider Sells $47,754.00 in Stock
BlackRock, Inc. (NYSE:BLK) insider Jeff A. Smith sold 100 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $477.54, for a total transaction of $47,754.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of BlackRock, Inc. (NYSE BLK) opened at $473.99 on Monday. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.09. The stock has a market cap of $75,995.77, a PE ratio of 22.00, a PEG ratio of 1.64 and a beta of 1.79. BlackRock, Inc. has a fifty-two week low of $365.83 and a fifty-two week high of $489.79.
BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, October 11th. The asset manager reported $5.92 EPS for the quarter, beating the Zacks’ consensus estimate of $5.49 by $0.43. BlackRock had a net margin of 29.52% and a return on equity of 12.01%. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the business earned $5.14 EPS. BlackRock’s quarterly revenue was up 14.0% on a year-over-year basis. analysts predict that BlackRock, Inc. will post 22.29 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Monday, December 4th will be paid a $2.50 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $10.00 dividend on an annualized basis and a yield of 2.11%. BlackRock’s dividend payout ratio (DPR) is currently 46.82%.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. Salem Investment Counselors Inc. grew its stake in BlackRock by 14.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 240 shares of the asset manager’s stock valued at $101,000 after buying an additional 30 shares during the last quarter. Invictus RG acquired a new position in BlackRock in the 3rd quarter valued at about $110,000. Enterprise Financial Services Corp grew its stake in BlackRock by 52.5% in the 2nd quarter. Enterprise Financial Services Corp now owns 247 shares of the asset manager’s stock valued at $104,000 after buying an additional 85 shares during the last quarter. Penserra Capital Management LLC acquired a new position in BlackRock in the 2nd quarter valued at about $104,000. Finally, Proficio Capital Partners LLC grew its stake in BlackRock by 48.9% in the 1st quarter. Proficio Capital Partners LLC now owns 259 shares of the asset manager’s stock valued at $103,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 82.13% of the company’s stock.
BLK has been the topic of several analyst reports. BidaskClub cut shares of BlackRock from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and set a $440.00 price target on shares of BlackRock in a research report on Friday, August 18th. Credit Suisse Group reissued an “outperform” rating on shares of BlackRock in a research report on Tuesday, August 29th. Barclays PLC initiated coverage on shares of BlackRock in a research report on Friday, September 8th. They set an “overweight” rating and a $475.00 price target on the stock. Finally, Goldman Sachs Group, Inc. (The) raised shares of BlackRock from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $440.00 to $500.00 in a research report on Thursday, September 28th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $489.08.
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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