Strs Ohio increased its position in shares of BlackRock Inc. (NYSE:BLK) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,428 shares of the company’s stock after buying an additional 149 shares during the period. Strs Ohio’s holdings in BlackRock were worth $26,521,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Virginia Retirement System bought a new stake in shares of BlackRock during the first quarter worth $20,241,000. Mn Services Vermogensbeheer B.V. bought a new stake in shares of BlackRock during the first quarter worth $919,000. Cryder Capital Partners LLP increased its stake in shares of BlackRock by 10.7% in the first quarter. Cryder Capital Partners LLP now owns 47,288 shares of the company’s stock worth $16,105,000 after buying an additional 4,584 shares in the last quarter. Aperio Group LLC increased its stake in shares of BlackRock by 18.7% in the first quarter. Aperio Group LLC now owns 60,451 shares of the company’s stock worth $20,588,000 after buying an additional 9,514 shares in the last quarter. Finally, Sarasin & Partners LLP bought a new stake in shares of BlackRock during the first quarter worth $110,887,000. 81.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of BlackRock Inc. (NYSE:BLK) traded down 1.35% during mid-day trading on Monday, hitting $360.70. 487,031 shares of the stock were exchanged. The firm has a market cap of $59.32 billion, a P/E ratio of 19.22 and a beta of 1.45. BlackRock Inc. has a 12 month low of $280.55 and a 12 month high of $376.65. The stock’s 50 day moving average is $369.08 and its 200 day moving average is $355.64.
BlackRock (NYSE:BLK) last released its earnings results on Thursday, July 14th. The company reported $4.78 earnings per share for the quarter, missing analysts’ consensus estimates of $4.82 by $0.04. BlackRock had a return on equity of 11.07% and a net margin of 28.12%. The business earned $2.80 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the business earned $4.96 EPS. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Analysts expect that BlackRock Inc. will post $19.21 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 2nd were given a dividend of $2.29 per share. This represents a $9.16 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Wednesday, August 31st. BlackRock’s payout ratio is 48.83%.
A number of equities research analysts recently weighed in on the stock. Goldman Sachs Group Inc. downgraded shares of BlackRock from a “conviction-buy” rating to a “buy” rating and raised their target price for the company from $390.00 to $400.00 in a research note on Monday, August 8th. Deutsche Bank AG raised their target price on shares of BlackRock from $404.00 to $414.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Barclays PLC lifted their price target on shares of BlackRock from $364.00 to $375.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 24th. Vetr downgraded shares of BlackRock from a “buy” rating to a “hold” rating and set a $382.97 price target on the stock. in a research note on Tuesday, August 16th. Finally, Zacks Investment Research raised shares of BlackRock from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $382.94.
In other news, Director Susan Wagner sold 79,346 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $366.35, for a total transaction of $29,068,407.10. Following the transaction, the director now owns 587,365 shares of the company’s stock, valued at approximately $215,181,167.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Mccombe sold 1,400 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $374.92, for a total value of $524,888.00. The disclosure for this sale can be found here. Insiders own 2.20% of the company’s stock.
BlackRock Company Profile
BlackRock, Inc is an investment management company. The Company provides a range of investment and risk management services to institutional and retail clients across the world. Its offerings include single and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments.
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).
Receive News & Ratings for BlackRock Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock Inc. and related companies with MarketBeat.com's FREE daily email newsletter.