BlackRock, Inc. (BLK) Shares Bought by Amundi Pioneer Asset Management Inc.
Amundi Pioneer Asset Management Inc. increased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 31.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 442,328 shares of the asset manager’s stock after buying an additional 106,315 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in BlackRock were worth $227,228,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Berkshire Asset Management LLC PA boosted its holdings in BlackRock by 33.0% during the fourth quarter. Berkshire Asset Management LLC PA now owns 899 shares of the asset manager’s stock worth $462,000 after buying an additional 223 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in BlackRock by 9.7% during 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 buying an additional 31,600 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in BlackRock during the third quarter worth about $1,778,000. Schwab Charles Investment Management Inc. boosted its holdings in BlackRock by 4.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 418,198 shares of the asset manager’s stock worth $186,973,000 after buying an additional 17,491 shares in the last quarter. Finally, BT Investment Management Ltd purchased a new stake in BlackRock during the third quarter worth about $3,687,000. 82.37% of the stock is currently owned by hedge funds and other institutional investors.
BlackRock, Inc. (BLK) opened at $537.58 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.89 and a current ratio of 2.94. The stock has a market cap of $86,190.00, a P/E ratio of 23.29, a P/E/G ratio of 1.44 and a beta of 1.71. BlackRock, Inc. has a one year low of $368.00 and a one year high of $594.52.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be paid a dividend of $2.88 per share. This is an increase from BlackRock’s previous quarterly dividend of $2.50. The ex-dividend date is Tuesday, March 6th. This represents a $11.52 annualized dividend and a dividend yield of 2.14%. BlackRock’s dividend payout ratio is presently 43.33%.
BLK has been the topic of several recent research reports. Credit Suisse Group reaffirmed a “buy” rating and issued a $680.00 price target on shares of BlackRock in a report on Friday, January 12th. Argus reaffirmed a “buy” rating and issued a $620.00 price target (up previously from $520.00) on shares of BlackRock in a report on Tuesday, January 16th. Citigroup upped their price target on shares of BlackRock to $625.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Jefferies Group upped their price target on shares of BlackRock to $565.00 and gave the company a “hold” rating in a report on Monday, January 15th. Finally, Zacks Investment Research downgraded shares of BlackRock from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $547.92.
In related news, COO Robert L. Goldstein sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $558.00, for a total transaction of $2,790,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Deryck C. Maughan acquired 3,861 shares of BlackRock stock in a transaction that occurred on Wednesday, January 17th. The shares were purchased at an average cost of $573.44 per share, for a total transaction of $2,214,051.84. Following the purchase, the director now directly owns 12,265 shares of the company’s stock, valued at approximately $7,033,241.60. The disclosure for this purchase can be found here. Insiders have sold 20,961 shares of company stock worth $11,375,444 in the last three months. Insiders own 1.86% of the company’s stock.
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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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