BlackRock, Inc. (BLK) Insider Jeff A. Smith Sells 1,250 Shares

BlackRock, Inc. (NYSE:BLK) insider Jeff A. Smith sold 1,250 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $536.57, for a total transaction of $670,712.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jeff A. Smith also recently made the following trade(s):

  • On Tuesday, January 16th, Jeff A. Smith sold 425 shares of BlackRock stock. The shares were sold at an average price of $565.96, for a total transaction of $240,533.00.

BlackRock, Inc. (BLK) traded down $22.88 on Thursday, reaching $509.38. 1,034,457 shares of the company were exchanged, compared to its average volume of 739,298. The firm has a market cap of $83,480.00, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.75. BlackRock, Inc. has a 1-year low of $368.00 and a 1-year high of $594.52. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.89 and a current ratio of 2.89.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.94 by $0.30. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. The business’s revenue was up 20.0% on a year-over-year basis. During the same period last year, the business earned $5.14 EPS. analysts forecast that BlackRock, Inc. will post 28.52 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be issued a dividend of $2.88 per share. This represents a $11.52 dividend on an annualized basis and a yield of 2.26%. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. The ex-dividend date is Tuesday, March 6th. BlackRock’s dividend payout ratio (DPR) is presently 33.00%.

A number of equities analysts have recently commented on BLK shares. Wells Fargo & Co reissued a “market perform” rating and issued a $475.00 target price (up previously from $450.00) on shares of BlackRock in a research note on Thursday, October 12th. JPMorgan Chase & Co. raised their target price on shares of BlackRock to $558.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Zacks Investment Research raised shares of BlackRock from a “hold” rating to a “strong-buy” rating and set a $614.00 target price on the stock in a research note on Thursday, January 11th. Citigroup raised their target price on shares of BlackRock to $625.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Finally, Jefferies Group raised their target price on shares of BlackRock to $565.00 and gave the company a “hold” rating in a research note on Monday, January 15th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $547.92.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Invictus RG acquired a new stake in BlackRock during the 3rd quarter valued at $110,000. Tower Research Capital LLC TRC grew its holdings in BlackRock by 133.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 280 shares of the asset manager’s stock valued at $118,000 after purchasing an additional 160 shares in the last quarter. Oakworth Capital Inc. grew its holdings in BlackRock by 67.6% during the 4th quarter. Oakworth Capital Inc. now owns 305 shares of the asset manager’s stock valued at $153,000 after purchasing an additional 123 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. grew its holdings in BlackRock by 1,119.2% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 317 shares of the asset manager’s stock valued at $141,000 after purchasing an additional 291 shares in the last quarter. Finally, Manchester Capital Management LLC acquired a new stake in BlackRock during the 3rd quarter valued at $156,000. 83.27% of the stock is owned by institutional investors and hedge funds.

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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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