Krilogy Financial LLC raised its position in shares of BlackRock, Inc. (NYSE:BLK – Get Rating) by 1.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,549 shares of the asset manager’s stock after buying an additional 29 shares during the period. Krilogy Financial LLC’s holdings in BlackRock were worth $943,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Mutual Advisors LLC raised its stake in BlackRock by 4.0% during the fourth quarter. Mutual Advisors LLC now owns 2,359 shares of the asset manager’s stock worth $2,160,000 after acquiring an additional 91 shares in the last quarter. GSA Capital Partners LLP acquired a new position in BlackRock during the 4th quarter worth approximately $273,000. Clearstead Advisors LLC boosted its position in BlackRock by 12.7% during the 4th quarter. Clearstead Advisors LLC now owns 2,211 shares of the asset manager’s stock worth $2,025,000 after acquiring an additional 250 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in shares of BlackRock during the 4th quarter worth approximately $1,293,000. Finally, Banco de Sabadell S.A raised its stake in shares of BlackRock by 54.0% during the 4th quarter. Banco de Sabadell S.A now owns 4,082 shares of the asset manager’s stock worth $3,735,000 after purchasing an additional 1,432 shares in the last quarter. Institutional investors and hedge funds own 76.88% of the company’s stock.
Insider Buying and Selling at BlackRock
In other news, President Robert Kapito sold 37,588 shares of BlackRock stock in a transaction on Monday, July 25th. The shares were sold at an average price of $632.88, for a total transaction of $23,788,693.44. Following the completion of the sale, the president now directly owns 226,680 shares of the company’s stock, valued at approximately $143,461,238.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, President Robert Kapito sold 37,588 shares of BlackRock stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $632.88, for a total value of $23,788,693.44. Following the sale, the president now owns 226,680 shares of the company’s stock, valued at $143,461,238.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Laurence Fink sold 44,500 shares of BlackRock stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $684.61, for a total transaction of $30,465,145.00. Following the completion of the sale, the chief executive officer now directly owns 563,771 shares in the company, valued at approximately $385,963,264.31. The disclosure for this sale can be found here. Insiders sold 83,448 shares of company stock valued at $55,259,953 in the last 90 days. Company insiders own 1.06% of the company’s stock.
Wall Street Analysts Forecast Growth
BlackRock Trading Down 1.2 %
Shares of BLK stock opened at $600.50 on Friday. The stock has a market capitalization of $90.54 billion, a price-to-earnings ratio of 15.83, a price-to-earnings-growth ratio of 3.19 and a beta of 1.23. BlackRock, Inc. has a 12-month low of $575.60 and a 12-month high of $973.16. The company has a current ratio of 3.64, a quick ratio of 3.64 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $672.16 and its 200-day moving average price is $665.81.
BlackRock (NYSE:BLK – Get Rating) last issued its quarterly earnings data on Friday, July 15th. The asset manager reported $7.36 EPS for the quarter, missing analysts’ consensus estimates of $7.94 by ($0.58). The business had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.53 billion. BlackRock had a return on equity of 15.74% and a net margin of 30.12%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the firm earned $10.03 EPS. Equities research analysts predict that BlackRock, Inc. will post 33.92 EPS for the current fiscal year.
BlackRock Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, September 22nd. Investors of record on Wednesday, September 7th were given a dividend of $4.88 per share. The ex-dividend date of this dividend was Tuesday, September 6th. This is a boost from BlackRock’s previous dividend of $2.29. BlackRock’s dividend payout ratio (DPR) is presently 51.46%.
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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