Y.D. More Investments Ltd lifted its stake in shares of BlackRock, Inc. (NYSE:BLK – Free Report) by 25.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85 shares of the asset manager’s stock after buying an additional 17 shares during the period. Y.D. More Investments Ltd’s holdings in BlackRock were worth $59,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of BLK. Norges Bank acquired a new position in shares of BlackRock during the fourth quarter worth $1,037,009,000. Moneta Group Investment Advisors LLC raised its position in shares of BlackRock by 104,159.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 697,499 shares of the asset manager’s stock worth $494,269,000 after acquiring an additional 696,830 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of BlackRock by 14.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,335,602 shares of the asset manager’s stock worth $2,363,708,000 after acquiring an additional 430,524 shares during the period. Renaissance Technologies LLC acquired a new stake in BlackRock during the 1st quarter valued at approximately $187,527,000. Finally, First Trust Advisors LP raised its holdings in BlackRock by 277.9% during the 1st quarter. First Trust Advisors LP now owns 317,614 shares of the asset manager’s stock worth $242,711,000 after purchasing an additional 233,568 shares during the last quarter. 77.01% of the stock is currently owned by institutional investors.
Insider Activity at BlackRock
In related news, CEO Laurence Fink sold 20,200 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $742.04, for a total value of $14,989,208.00. Following the sale, the chief executive officer now directly owns 464,125 shares in the company, valued at approximately $344,399,315. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other BlackRock news, Director Mark Wiedman sold 2,079 shares of the stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $733.82, for a total transaction of $1,525,611.78. Following the sale, the director now owns 6,160 shares in the company, valued at $4,520,331.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Laurence Fink sold 20,200 shares of BlackRock stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $742.04, for a total value of $14,989,208.00. Following the completion of the transaction, the chief executive officer now owns 464,125 shares of the company’s stock, valued at $344,399,315. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
BlackRock Stock Down 0.4 %
Shares of NYSE BLK opened at $694.89 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.21 and a quick ratio of 4.21. The company has a 50-day moving average price of $706.56 and a 200-day moving average price of $681.26. The stock has a market capitalization of $103.75 billion, a P/E ratio of 20.29, a P/E/G ratio of 1.98 and a beta of 1.29. BlackRock, Inc. has a 1 year low of $503.12 and a 1 year high of $785.65.
BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings results on Friday, July 14th. The asset manager reported $9.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.52 by $0.76. BlackRock had a return on equity of 14.29% and a net margin of 29.90%. The business had revenue of $4.46 billion during the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter in the previous year, the business earned $7.36 EPS. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that BlackRock, Inc. will post 35.48 EPS for the current fiscal year.
BlackRock Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $5.00 dividend. This represents a $20.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Thursday, September 7th. BlackRock’s dividend payout ratio is presently 58.41%.
BlackRock Company Profile
BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.
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