BlackRock, Inc. (NYSE:BLK) Holdings Raised by ProShare Advisors LLC

ProShare Advisors LLC grew its position in shares of BlackRock, Inc. (NYSE:BLK) by 4.7% during the 2nd quarter, Holdings Channel reports. The firm owned 28,358 shares of the asset manager’s stock after purchasing an additional 1,276 shares during the period. ProShare Advisors LLC’s holdings in BlackRock were worth $22,327,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ensign Peak Advisors Inc lifted its position in shares of BlackRock by 1.3% in the 2nd quarter. Ensign Peak Advisors Inc now owns 62,274 shares of the asset manager’s stock valued at $49,030,000 after acquiring an additional 800 shares in the last quarter. Summit Trail Advisors LLC lifted its position in shares of BlackRock by 2.3% in the second quarter. Summit Trail Advisors LLC now owns 1,868 shares of the asset manager’s stock worth $1,470,000 after buying an additional 42 shares during the last quarter. Pacer Advisors Inc. grew its holdings in BlackRock by 5.5% during the second quarter. Pacer Advisors Inc. now owns 9,941 shares of the asset manager’s stock valued at $7,827,000 after purchasing an additional 522 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in BlackRock by 1.7% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 29,373 shares of the asset manager’s stock valued at $23,126,000 after acquiring an additional 500 shares during the period. Finally, AE Wealth Management LLC increased its stake in shares of BlackRock by 19.9% in the second quarter. AE Wealth Management LLC now owns 1,162 shares of the asset manager’s stock worth $915,000 after purchasing an additional 193 shares during the period. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Up 1.0 %

BlackRock stock opened at $937.94 on Tuesday. The firm has a market cap of $139.38 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.92 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. BlackRock, Inc. has a 52-week low of $596.18 and a 52-week high of $942.73. The firm has a 50 day moving average price of $870.85 and a two-hundred day moving average price of $818.55.

BlackRock (NYSE:BLK) last issued its earnings results on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, beating analysts’ consensus estimates of $9.96 by $0.40. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same period in the previous year, the company posted $9.28 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities analysts predict that BlackRock, Inc. will post 41.34 EPS for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were paid a $5.10 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.17%. BlackRock’s payout ratio is presently 51.84%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BLK. UBS Group decreased their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Argus boosted their price target on BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Barclays lifted their price objective on BlackRock from $985.00 to $990.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Morgan Stanley dropped their price objective on shares of BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Finally, TD Cowen dropped their price target on shares of BlackRock from $974.00 to $969.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $902.13.

Insiders Place Their Bets

In other news, Director Pamela Daley sold 1,531 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the transaction, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the completion of the sale, the director now owns 5,732 shares of the company’s stock, valued at $4,826,802.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Laurence Fink sold 29,450 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the completion of the transaction, the chief executive officer now directly owns 353,718 shares of the company’s stock, valued at approximately $298,272,703.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,042 shares of company stock valued at $79,387,117. Insiders own 0.90% of the company’s stock.

BlackRock 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.