Jeff A. Smith Sells 2,500 Shares of BlackRock, Inc. (BLK) Stock

BlackRock, Inc. (NYSE:BLK) Director Jeff A. Smith sold 2,500 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $526.93, for a total value of $1,317,325.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, February 7th, Jeff A. Smith sold 1,250 shares of BlackRock stock. The shares were sold at an average price of $536.57, for a total value of $670,712.50.
  • 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 value of $240,533.00.

BlackRock, Inc. (NYSE:BLK) traded down $4.11 during trading on Tuesday, reaching $521.27. The company had a trading volume of 516,598 shares, compared to its average volume of 734,500. The stock has a market cap of $83,987.10, a PE ratio of 17.20, a PEG ratio of 1.40 and a beta of 1.76. BlackRock, Inc. has a 1 year low of $368.00 and a 1 year high of $594.52. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Friday, January 12th. The asset manager reported $6.24 EPS for the quarter, topping analysts’ consensus estimates of $5.94 by $0.30. The firm had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.33 billion. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the business posted $5.14 EPS. equities research analysts predict that BlackRock, Inc. will post 28.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be given a dividend of $2.88 per share. This represents a $11.52 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Tuesday, March 6th. This is a boost from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s dividend payout ratio (DPR) is currently 33.00%.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in BlackRock by 4.4% in the 4th quarter. BlackRock Inc. now owns 7,255,797 shares of the asset manager’s stock worth $3,727,377,000 after buying an additional 307,213 shares during the last quarter. Stifel Financial Corp boosted its stake in BlackRock by 2,450.2% in the 3rd quarter. Stifel Financial Corp now owns 181,678 shares of the asset manager’s stock worth $81,105,000 after buying an additional 174,554 shares during the last quarter. PGGM Investments acquired a new stake in BlackRock in the 3rd quarter worth about $54,175,000. Amundi Pioneer Asset Management Inc. boosted its stake in BlackRock by 31.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 442,328 shares of the asset manager’s stock worth $227,228,000 after buying an additional 106,315 shares during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in BlackRock in the 4th quarter worth about $53,310,000. Hedge funds and other institutional investors own 83.15% of the company’s stock.

BLK has been the subject of a number of research analyst reports. Jefferies Group raised their price target on BlackRock to $565.00 and gave the company a “hold” rating in a research report on Monday, January 15th. Credit Suisse Group restated a “buy” rating and issued a $680.00 price target on shares of BlackRock in a research report on Friday, January 12th. Citigroup raised their price target on BlackRock to $625.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research cut BlackRock from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $555.00 price target (up previously from $535.00) on shares of BlackRock in a research report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $547.92.

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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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