BlackRock, Inc. (NYSE:BLK) declared a quarterly dividend on Tuesday, November 19th, Zacks reports. Investors of record on Friday, December 6th will be given a dividend of 3.30 per share by the asset manager on Monday, December 23rd. This represents a $13.20 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, December 5th.
BlackRock stock opened at $489.70 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.33 and a current ratio of 2.33. The business’s 50-day simple moving average is $474.19 and its two-hundred day simple moving average is $451.23. The company has a market cap of $76.40 billion, a PE ratio of 18.18, a PEG ratio of 1.74 and a beta of 1.54. BlackRock has a fifty-two week low of $360.79 and a fifty-two week high of $496.90.
BlackRock (NYSE:BLK) last announced its quarterly earnings data on Tuesday, October 15th. The asset manager reported $7.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.95 by $0.20. BlackRock had a return on equity of 12.95% and a net margin of 29.31%. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same period last year, the business posted $7.52 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, analysts predict that BlackRock will post 27.57 EPS for the current fiscal year.
Several equities analysts recently weighed in on BLK shares. Deutsche Bank increased their price target on shares of BlackRock from $543.00 to $546.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. ValuEngine cut shares of BlackRock from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Citigroup dropped their price objective on shares of BlackRock from $545.00 to $500.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Morgan Stanley increased their price objective on shares of BlackRock from $547.00 to $554.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Co reissued a “hold” rating on shares of BlackRock in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $507.34.
In related news, CFO Gary Shedlin sold 3,995 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $490.96, for a total transaction of $1,961,385.20. Also, insider Jerkovic Milan 2,522,596 shares of BlackRock stock in a transaction on Wednesday, October 9th. Insiders sold 6,095 shares of company stock valued at $2,900,567 over the last three months. 1.42% of the stock is currently owned by corporate insiders.
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.
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