BlackRock, Inc. (NYSE:BLK) Shares Bought by MBB Public Markets I LLC

MBB Public Markets I LLC lifted its position in shares of BlackRock, Inc. (NYSE:BLK) by 1,880.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,614 shares of the asset manager’s stock after purchasing an additional 10,078 shares during the quarter. MBB Public Markets I LLC’s holdings in BlackRock were worth $8,357,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLK. Carolinas Wealth Consulting LLC raised its stake in shares of BlackRock by 25.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 200 shares of the asset manager’s stock valued at $163,000 after acquiring an additional 40 shares during the period. California State Teachers Retirement System raised its position in BlackRock by 0.7% in the fourth quarter. California State Teachers Retirement System now owns 237,740 shares of the asset manager’s stock valued at $192,997,000 after purchasing an additional 1,647 shares during the period. Axxcess Wealth Management LLC boosted its position in shares of BlackRock by 35.8% in the first quarter. Axxcess Wealth Management LLC now owns 4,732 shares of the asset manager’s stock worth $3,945,000 after buying an additional 1,248 shares during the period. Morningstar Investment Services LLC raised its holdings in shares of BlackRock by 97.1% during the 4th quarter. Morningstar Investment Services LLC now owns 114,379 shares of the asset manager’s stock valued at $93,151,000 after buying an additional 56,357 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in BlackRock by 3.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 387,202 shares of the asset manager’s stock worth $322,810,000 after acquiring an additional 14,477 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Up 1.0 %

Shares of NYSE:BLK opened at $945.77 on Friday. BlackRock, Inc. has a 1-year low of $596.18 and a 1-year high of $952.75. The company’s fifty day moving average is $874.71 and its two-hundred day moving average is $820.11. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The stock has a market capitalization of $140.54 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30.

BlackRock (NYSE:BLK) last issued its earnings results on Monday, July 15th. The asset manager reported $10.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.96 by $0.40. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.85 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. BlackRock’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $9.28 earnings per share. Equities analysts anticipate that BlackRock, Inc. will post 41.37 EPS for the current year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Monday, September 9th were paid a dividend of $5.10 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $20.40 dividend on an annualized basis and a yield of 2.16%. BlackRock’s payout ratio is currently 51.84%.

Insiders Place Their Bets

In other news, Director Mark Wiedman sold 27,000 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total value of $22,529,340.00. Following the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,407,041.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other BlackRock news, Director Mark Wiedman sold 27,000 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total transaction of $22,529,340.00. Following the sale, the director now owns 6,480 shares in the company, valued at approximately $5,407,041.60. The transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the sale, the chief executive officer now owns 353,718 shares in the company, valued at approximately $298,272,703.50. The disclosure for this sale can be found here. Insiders have sold 93,042 shares of company stock valued at $79,387,117 over the last three months. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BLK. Morgan Stanley reduced their target price on shares of BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Keefe, Bruyette & Woods upped their price objective on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft boosted their price target on BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. UBS Group lowered their price objective on BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Finally, Barclays upped their target price on BlackRock from $985.00 to $990.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $902.13.

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.