BNP Paribas Has $7.25 Million Holdings in BlackRock $BLK

BNP Paribas grew its position in shares of BlackRock (NYSE:BLKFree Report) by 8.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,715 shares of the asset manager’s stock after acquiring an additional 537 shares during the quarter. BNP Paribas’ holdings in BlackRock were worth $7,254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Colton Groome Financial Advisors LLC increased its holdings in shares of BlackRock by 14.3% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 1,254 shares of the asset manager’s stock valued at $1,342,000 after acquiring an additional 157 shares in the last quarter. Brentview Investment Management LLC grew its holdings in BlackRock by 0.4% during the fourth quarter. Brentview Investment Management LLC now owns 3,859 shares of the asset manager’s stock worth $4,130,000 after buying an additional 14 shares in the last quarter. Ellevest Inc. grew its holdings in BlackRock by 4.7% during the fourth quarter. Ellevest Inc. now owns 379 shares of the asset manager’s stock worth $406,000 after buying an additional 17 shares in the last quarter. Rothschild Wealth LLC grew its holdings in BlackRock by 13.8% during the fourth quarter. Rothschild Wealth LLC now owns 273 shares of the asset manager’s stock worth $292,000 after buying an additional 33 shares in the last quarter. Finally, Waterloo Capital L.P. grew its holdings in BlackRock by 2.5% during the fourth quarter. Waterloo Capital L.P. now owns 2,423 shares of the asset manager’s stock worth $2,593,000 after buying an additional 58 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

More BlackRock News

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Insider Transactions at BlackRock

In related news, CEO Laurence Fink sold 33,900 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the sale, the chief executive officer owned 230,516 shares of the company’s stock, valued at approximately $242,168,583.80. This represents a 12.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Robert Kapito sold 8,739 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the sale, the president directly owned 210,186 shares in the company, valued at $222,082,527.60. This trade represents a 3.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BLK shares. Morgan Stanley upped their price target on BlackRock from $1,368.00 to $1,393.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. UBS Group upped their price target on BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. The Goldman Sachs Group upped their price target on BlackRock from $1,181.00 to $1,313.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Barclays upped their price target on BlackRock from $1,290.00 to $1,310.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Finally, Keefe, Bruyette & Woods upped their price target on BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,269.06.

Get Our Latest Report on BLK

BlackRock Stock Down 2.4%

BLK stock opened at $1,021.31 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09. The company has a market capitalization of $158.54 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.36 and a beta of 1.42. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The stock has a fifty day moving average of $1,030.75 and a 200-day moving average of $1,053.05.

BlackRock (NYSE:BLKGet Free Report) last posted its quarterly earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share for the quarter, topping the consensus estimate of $12.40 by $0.13. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $6.56 billion. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.64 EPS. As a group, equities research analysts predict that BlackRock will post 52.8 earnings per share for the current year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Friday, June 5th will be issued a dividend of $5.73 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $22.92 dividend on an annualized basis and a yield of 2.2%. BlackRock’s dividend payout ratio is 57.53%.

About BlackRock

(Free Report)

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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