Insider Selling: BlackRock, Inc. (BLK) Insider Sells 1,250 Shares of Stock
BlackRock, Inc. (NYSE:BLK) insider Jeff A. Smith sold 1,250 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $536.57, for a total transaction of $670,712.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Jeff A. Smith also recently made the following trade(s):
- On Tuesday, January 16th, Jeff A. Smith sold 425 shares of BlackRock stock. The stock was sold at an average price of $565.96, for a total transaction of $240,533.00.
Shares of BlackRock, Inc. (BLK) traded down $22.88 on Thursday, hitting $509.38. 1,034,457 shares of the stock traded hands, compared to its average volume of 739,298. The firm has a market cap of $83,480.00, a PE ratio of 16.81, a P/E/G ratio of 1.44 and a beta of 1.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89. BlackRock, Inc. has a 12 month low of $368.00 and a 12 month high of $594.52.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be paid a $2.88 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $11.52 annualized dividend and a dividend yield of 2.26%. This is a boost from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s payout ratio is currently 33.00%.
A number of research firms have commented on BLK. Wells Fargo & Co restated a “market perform” rating and set a $475.00 price target (up from $450.00) on shares of BlackRock in a research report on Thursday, October 12th. Jefferies Group restated a “hold” rating and set a $465.00 price target on shares of BlackRock in a research report on Thursday, October 12th. Citigroup downgraded shares of BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 price target on the stock. in a research report on Thursday, January 25th. Argus restated a “buy” rating and set a $620.00 price target (up from $520.00) on shares of BlackRock in a research report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $500.00 price target on shares of BlackRock in a research report on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. BlackRock has an average rating of “Buy” and an average target price of $547.92.
Institutional investors and hedge funds have recently made changes to their positions in the company. Aperio Group LLC grew its stake in shares of BlackRock by 8.6% in the 3rd quarter. Aperio Group LLC now owns 68,737 shares of the asset manager’s stock worth $30,732,000 after purchasing an additional 5,451 shares during the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in shares of BlackRock in the third quarter worth approximately $222,000. Berkshire Asset Management LLC PA increased its position in shares of BlackRock by 33.0% in the fourth quarter. Berkshire Asset Management LLC PA now owns 899 shares of the asset manager’s stock worth $462,000 after acquiring an additional 223 shares in the last quarter. WFG Advisors LP increased its position in shares of BlackRock by 66.6% in the second quarter. WFG Advisors LP now owns 1,096 shares of the asset manager’s stock worth $463,000 after acquiring an additional 438 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of BlackRock by 9.7% in the third quarter. New York State Common Retirement Fund now owns 357,800 shares of the asset manager’s stock worth $159,969,000 after acquiring an additional 31,600 shares in the last quarter. 83.27% of the stock is currently owned by institutional investors.
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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