BlackRock, Inc. (BLK) Director Susan Wagner Sells 4,000 Shares

BlackRock, Inc. (NYSE:BLK) Director Susan Wagner sold 4,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $506.10, for a total value of $2,024,400.00. Following the sale, the director now owns 481,915 shares of the company’s stock, valued at $243,897,181.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

BlackRock, Inc. (BLK) traded up $0.37 during trading on Thursday, hitting $501.19. The stock had a trading volume of 1,071,210 shares, compared to its average volume of 527,500. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89. BlackRock, Inc. has a 12 month low of $365.83 and a 12 month high of $509.00. The firm has a market cap of $81,020.00, a PE ratio of 22.88, a P/E/G ratio of 1.70 and a beta of 1.79.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.49 by $0.43. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the prior year, the firm earned $5.14 EPS. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. research analysts anticipate that BlackRock, Inc. will post 22.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Monday, December 4th will be issued a $2.50 dividend. The ex-dividend date is Friday, December 1st. This represents a $10.00 dividend on an annualized basis and a yield of 2.00%. BlackRock’s payout ratio is presently 46.82%.

A number of institutional investors and hedge funds have recently modified their holdings of BLK. Salem Investment Counselors Inc. increased its holdings in BlackRock by 14.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 240 shares of the asset manager’s stock worth $101,000 after purchasing an additional 30 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in BlackRock by 48.9% in the 1st quarter. Proficio Capital Partners LLC now owns 259 shares of the asset manager’s stock worth $103,000 after purchasing an additional 85 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in BlackRock by 52.5% in the 2nd quarter. Enterprise Financial Services Corp now owns 247 shares of the asset manager’s stock worth $104,000 after purchasing an additional 85 shares in the last quarter. Penserra Capital Management LLC acquired a new position in BlackRock in the 2nd quarter worth about $104,000. Finally, Invictus RG acquired a new position in BlackRock in the 3rd quarter worth about $110,000. 83.76% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on the company. Jefferies Group reiterated a “hold” rating and set a $440.00 target price on shares of BlackRock in a research report on Friday, August 18th. Zacks Investment Research raised BlackRock from a “hold” rating to a “buy” rating and set a $501.00 price target for the company in a report on Tuesday, October 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $500.00 price target on shares of BlackRock in a report on Thursday, October 12th. Credit Suisse Group reissued an “outperform” rating on shares of BlackRock in a report on Thursday, October 12th. Finally, Barclays began coverage on BlackRock in a report on Friday, September 8th. They set an “overweight” rating and a $475.00 price target for the company. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. BlackRock has an average rating of “Buy” and a consensus price target of $489.08.

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About BlackRock

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

Insider Buying and Selling by Quarter for BlackRock (NYSE:BLK)

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