3,404 Shares in BlackRock, Inc. (BLK) Purchased by IFM Investors Pty Ltd
IFM Investors Pty Ltd acquired a new position in BlackRock, Inc. (NYSE:BLK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,404 shares of the asset manager’s stock, valued at approximately $1,522,000.
Other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC lifted its position in BlackRock by 0.6% during the 2nd quarter. Fisher Asset Management LLC now owns 109,403 shares of the asset manager’s stock worth $46,213,000 after acquiring an additional 629 shares during the period. State of Alaska Department of Revenue lifted its position in BlackRock by 7.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 302 shares of the asset manager’s stock worth $127,000 after acquiring an additional 20 shares during the period. National Pension Service lifted its position in BlackRock by 9.7% during the 2nd quarter. National Pension Service now owns 99,151 shares of the asset manager’s stock worth $41,965,000 after acquiring an additional 8,751 shares during the period. Somerset Trust Co lifted its position in BlackRock by 3.2% during the 2nd quarter. Somerset Trust Co now owns 3,237 shares of the asset manager’s stock worth $1,367,000 after acquiring an additional 99 shares during the period. Finally, Leavell Investment Management Inc. acquired a new stake in BlackRock during the 2nd quarter worth about $210,000. 83.74% of the stock is owned by hedge funds and other institutional investors.
BlackRock, Inc. (NYSE BLK) opened at $512.55 on Thursday. The stock has a market capitalization of $83,008.69, a PE ratio of 24.02, a PEG ratio of 1.80 and a beta of 1.81. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.09. BlackRock, Inc. has a fifty-two week low of $365.83 and a fifty-two week high of $518.88.
BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, October 11th. The asset manager reported $5.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.49 by $0.43. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.14 EPS. sell-side analysts expect that BlackRock, Inc. will post 22.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Monday, December 4th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $10.00 annualized dividend and a dividend yield of 1.95%. BlackRock’s dividend payout ratio (DPR) is presently 46.82%.
In other news, insider Mark Mccombe sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $478.99, for a total value of $478,990.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J. Richard Kushel sold 100 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $481.58, for a total value of $48,158.00. The disclosure for this sale can be found here. In the last three months, insiders sold 5,200 shares of company stock valued at $2,599,302. Insiders own 1.86% of the company’s stock.
A number of analysts have commented on BLK shares. Goldman Sachs Group raised BlackRock from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $440.00 to $500.00 in a research report on Thursday, September 28th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $475.00 price target (up previously from $450.00) on shares of BlackRock in a research report on Thursday, October 12th. Barclays started coverage on BlackRock in a research report on Friday, September 8th. They set an “overweight” rating and a $475.00 price target for the company. Zacks Investment Research raised BlackRock from a “hold” rating to a “buy” rating and set a $501.00 price target for the company in a research report on Tuesday, October 3rd. Finally, Jefferies Group reaffirmed a “hold” rating and set a $440.00 price target on shares of BlackRock in a research report on Tuesday, September 26th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $489.08.
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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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