Mission Wealth Management LP decreased its holdings in shares of BlackRock, Inc. (NYSE:BLK – Get Rating) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,459 shares of the asset manager’s stock after selling 48 shares during the period. Mission Wealth Management LP’s holdings in BlackRock were worth $976,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Horan Securities Inc. boosted its position in shares of BlackRock by 72.7% during the 4th quarter. Horan Securities Inc. now owns 38 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 16 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in shares of BlackRock during the 4th quarter valued at about $28,000. HBC Financial Services PLLC boosted its position in shares of BlackRock by 55.6% during the 4th quarter. HBC Financial Services PLLC now owns 42 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 15 shares in the last quarter. Steward Financial Group LLC bought a new stake in shares of BlackRock during the 4th quarter valued at about $31,000. Finally, Sugarloaf Wealth Management LLC boosted its position in shares of BlackRock by 168.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 47 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 79.37% of the company’s stock.
Insider Activity
In other news, Director J. Richard Kushel sold 3,000 shares of BlackRock stock in a transaction on Monday, April 17th. The stock was sold at an average price of $696.00, for a total value of $2,088,000.00. Following the completion of the transaction, the director now directly owns 71,307 shares in the company, valued at $49,629,672. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Laurence Fink sold 35,799 shares of the business’s stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $694.50, for a total transaction of $24,862,405.50. Following the transaction, the chief executive officer now owns 484,325 shares in the company, valued at approximately $336,363,712.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director J. Richard Kushel sold 3,000 shares of the business’s stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $696.00, for a total value of $2,088,000.00. Following the transaction, the director now owns 71,307 shares in the company, valued at approximately $49,629,672. The disclosure for this sale can be found here. 1.06% of the stock is owned by company insiders.
Analyst Ratings Changes
BlackRock Stock Performance
NYSE:BLK opened at $690.95 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.20 and a quick ratio of 4.20. The business has a fifty day simple moving average of $669.13 and a two-hundred day simple moving average of $690.52. BlackRock, Inc. has a 1 year low of $503.12 and a 1 year high of $785.65. The company has a market capitalization of $103.48 billion, a P/E ratio of 21.43, a P/E/G ratio of 2.14 and a beta of 1.27.
BlackRock (NYSE:BLK – Get Rating) last released its earnings results on Friday, April 14th. The asset manager reported $7.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.71 by $0.22. BlackRock had a return on equity of 13.66% and a net margin of 28.13%. The business had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same period last year, the business posted $9.52 earnings per share. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. On average, analysts expect that BlackRock, Inc. will post 34.28 earnings per share for the current year.
BlackRock Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Thursday, June 8th will be given a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, June 7th. BlackRock’s dividend payout ratio is currently 62.03%.
About BlackRock
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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