Strategic Blueprint LLC lifted its position in BlackRock, Inc. (NYSE:BLK – Free Report) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 568 shares of the asset manager’s stock after acquiring an additional 32 shares during the quarter. Strategic Blueprint LLC’s holdings in BlackRock were worth $380,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in BLK. Horan Securities Inc. boosted its position in BlackRock by 72.7% during the fourth 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 position in shares of BlackRock during the 4th quarter worth approximately $28,000. HBC Financial Services PLLC lifted its position in BlackRock by 55.6% during the fourth quarter. HBC Financial Services PLLC now owns 42 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 15 shares during the last quarter. Steward Financial Group LLC acquired a new stake in BlackRock in the fourth quarter valued at approximately $31,000. Finally, Sugarloaf Wealth Management LLC grew its holdings in BlackRock by 168.1% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 47 shares of the asset manager’s stock worth $33,000 after purchasing an additional 116 shares during the last quarter. 79.37% of the stock is owned by hedge funds and other institutional investors.
BlackRock Stock Up 1.1 %
Shares of BLK opened at $747.30 on Thursday. The company has a market capitalization of $111.92 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.17 and a beta of 1.27. BlackRock, Inc. has a 52 week low of $503.12 and a 52 week high of $785.65. The stock’s 50-day moving average price is $684.87 and its 200-day moving average price is $690.01. The company has a quick ratio of 4.20, a current ratio of 4.20 and a debt-to-equity ratio of 0.35.
BlackRock Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Thursday, June 8th were issued a $5.00 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $20.00 dividend on an annualized basis and a yield of 2.68%. BlackRock’s payout ratio is 58.41%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on BLK. Keefe, Bruyette & Woods raised BlackRock from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $770.00 to $835.00 in a research report on Monday, July 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BlackRock from $780.00 to $785.00 in a report on Monday. Evercore ISI lowered their target price on shares of BlackRock from $760.00 to $740.00 and set an “outperform” rating for the company in a research note on Thursday, April 13th. Wells Fargo & Company upped their price target on shares of BlackRock from $780.00 to $820.00 in a research note on Monday. Finally, StockNews.com started coverage on shares of BlackRock in a research note on Thursday, May 18th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $767.69.
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.
Featured Articles
- Five stocks we like better than BlackRock
- J.B. Hunt Transportation Services Could Hit New Highs By Year End
- Profits Decline At Goldman Sachs, Time To Pick Up Cheap Shares?
- The Squeeze Is On For Carvana Stock Prices
- Acumen Soars on Alzheimer’s Study…Street Sees It Doubling
- Live Nation Shares Rock Out Ahead of Q2 Earnings
Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK – Free Report).
Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.
