Mufg Securities Americas Inc. Has $4.53 Million Position in BlackRock $BLK

Mufg Securities Americas Inc. raised its holdings in shares of BlackRock (NYSE:BLKFree Report) by 20.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,884 shares of the asset manager’s stock after purchasing an additional 657 shares during the quarter. Mufg Securities Americas Inc.’s holdings in BlackRock were worth $4,528,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BLK. Pacifica Partners Inc. boosted its holdings in shares of BlackRock by 450.0% during the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock worth $25,000 after buying an additional 18 shares during the period. TruNorth Capital Management LLC lifted its position in BlackRock by 1,000.0% during the third quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock worth $26,000 after acquiring an additional 20 shares during the last quarter. Traub Capital Management LLC bought a new stake in shares of BlackRock during the second quarter worth approximately $28,000. Whipplewood Advisors LLC grew its position in shares of BlackRock by 107.1% in the second quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 15 shares during the last quarter. Finally, Creekmur Asset Management LLC increased its stake in shares of BlackRock by 87.5% during the second quarter. Creekmur Asset Management LLC now owns 30 shares of the asset manager’s stock worth $32,000 after purchasing an additional 14 shares during the period. 80.69% of the stock is owned by institutional investors.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on BlackRock from $1,244.00 to $1,267.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. CICC Research lifted their target price on BlackRock from $1,000.00 to $1,250.00 in a report on Tuesday, February 3rd. Evercore decreased their price target on shares of BlackRock from $1,300.00 to $1,275.00 and set an “outperform” rating on the stock in a research note on Monday, January 12th. Bank of America boosted their price objective on shares of BlackRock from $1,456.00 to $1,464.00 in a report on Wednesday, December 10th. Finally, Freedom Capital upgraded shares of BlackRock from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and an average price target of $1,311.11.

View Our Latest Report on BlackRock

BlackRock Trading Down 2.1%

BLK opened at $1,070.16 on Tuesday. The stock has a market capitalization of $166.04 billion, a price-to-earnings ratio of 30.21, a P/E/G ratio of 1.37 and a beta of 1.47. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.34. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The company has a 50-day simple moving average of $1,093.41 and a 200 day simple moving average of $1,104.46.

BlackRock (NYSE:BLKGet Free Report) last issued its earnings results on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, beating the consensus estimate of $12.55 by $0.61. BlackRock had a net margin of 22.93% and a return on equity of 15.14%. The company had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.80 billion. During the same period in the previous year, the company earned $11.93 EPS. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. Analysts predict that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Shareholders of record on Friday, March 6th will be paid a dividend of $5.73 per share. The ex-dividend date is Friday, March 6th. This is a boost from BlackRock’s previous quarterly dividend of $5.21. This represents a $22.92 annualized dividend and a yield of 2.1%. BlackRock’s dividend payout ratio is currently 58.84%.

Insiders Place Their Bets

In related news, COO Robert L. Goldstein sold 5,293 shares of BlackRock stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $1,084.22, for a total transaction of $5,738,776.46. Following the sale, the chief operating officer directly owned 46,185 shares of the company’s stock, valued at approximately $50,074,700.70. The trade was a 10.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director J. Richard Kushel sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $1,125.00, for a total transaction of $22,500,000.00. Following the transaction, the director owned 61,894 shares of the company’s stock, valued at approximately $69,630,750. This represents a 24.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 109,967 shares of company stock valued at $122,487,380 over the last ninety days. Company insiders own 1.98% of the company’s stock.

BlackRock Profile

(Free Report)

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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