Freestone Capital Holdings LLC decreased its position in BlackRock, Inc. (NYSE:BLK – Free Report) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 661 shares of the asset manager’s stock after selling 40 shares during the quarter. Freestone Capital Holdings LLC’s holdings in BlackRock were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in BLK. Norges Bank bought a new stake in BlackRock in the 4th quarter worth approximately $1,037,009,000. Moneta Group Investment Advisors LLC increased its position in shares of BlackRock by 104,159.9% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 697,499 shares of the asset manager’s stock valued at $494,269,000 after purchasing an additional 696,830 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of BlackRock by 14.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,335,602 shares of the asset manager’s stock valued at $2,363,708,000 after purchasing an additional 430,524 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of BlackRock during the 1st quarter valued at approximately $187,527,000. Finally, First Trust Advisors LP increased its position in shares of BlackRock by 277.9% during the 1st quarter. First Trust Advisors LP now owns 317,614 shares of the asset manager’s stock valued at $242,711,000 after purchasing an additional 233,568 shares during the last quarter. Institutional investors own 77.01% of the company’s stock.
Insider Buying and Selling
In related news, Director Mark Wiedman sold 2,079 shares of the company’s 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 completion of the sale, the director now directly owns 6,160 shares in the company, valued at approximately $4,520,331.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mark Wiedman sold 2,079 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 6,160 shares of the company’s stock, valued at approximately $4,520,331.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Laurence Fink sold 20,200 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 464,125 shares in the company, 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.
Analysts Set New Price Targets
View Our Latest Stock Analysis on BLK
BlackRock Price Performance
Shares of BLK stock opened at $690.62 on Monday. BlackRock, Inc. has a twelve month low of $503.12 and a twelve month high of $785.65. The stock has a market capitalization of $103.11 billion, a price-to-earnings ratio of 20.17, a P/E/G ratio of 1.94 and a beta of 1.29. The stock has a fifty day simple moving average of $705.57 and a two-hundred day simple moving average of $680.79. The company has a current ratio of 4.21, a quick ratio of 4.21 and a debt-to-equity ratio of 0.36.
BlackRock (NYSE:BLK – Get Free Report) last issued its quarterly earnings data on Friday, July 14th. The asset manager reported $9.28 earnings per share for the quarter, topping analysts’ consensus estimates of $8.52 by $0.76. The firm had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $4.47 billion. BlackRock had a return on equity of 14.29% and a net margin of 29.90%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $7.36 EPS. On average, analysts predict that BlackRock, Inc. will post 35.48 EPS for the current fiscal year.
BlackRock Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be paid a dividend of $5.00 per share. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, September 7th. BlackRock’s dividend payout ratio (DPR) is currently 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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