Capital Investment Advisors LLC reduced its stake in BlackRock, Inc. (NYSE: BLK – Get Rating) by 3.4% in the first quarter, reports Holdings Channel.com. The institutional investor owned 2,760 shares of the asset manager’s shares after selling 96 shares in the quarter. BlackRock’s Capital Investment Advisors LLC held $ 2,109,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added or reduced their stakes in the business. State Street Corp. increased its stake in BlackRock by 3.0% in the fourth quarter. State Street Corp. now owns 6,539,029 shares of the asset manager’s shares worth $ 5,986,873,000 after buying an additional 192,641 shares in the last quarter. Capital International Investors increased its stake in BlackRock by 2.2% in the 4th quarter. Capital International Investors now owns 3,288,052 shares of the asset manager’s shares worth $ 3,010,396,000 after purchasing an additional 71,631 shares in the last quarter. Column Capital Advisors LLC increased its stake in BlackRock by 28,992.4% in the fourth quarter. Column Capital Advisors LLC now owns 2,847,273 shares of the asset manager’s shares worth $ 2,847,000 after buying an additional 2,837,486 shares in the last quarter. Geode Capital Management LLC increased its stake in BlackRock by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 2,300,304 shares of the asset manager’s shares worth $ 2,099,650,000 after purchasing an additional 66,107 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in BlackRock by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,016,362 shares of the asset manager’s shares worth $ 1,846,102,000 after purchasing an additional 68,493 shares in the last quarter. 93.81% of the shares are owned by institutional investors and hedge funds.
Shares of NYSE BLK opened at $ 647.78 on Friday. The company has a current ratio of 4.33, a fast ratio of 4.33 and a debt to equity ratio of 0.39. BlackRock, Inc. has a 12-month low of $ 575.60 and a 12-month high of $ 973.16. The company has a market capitalization of $ 98.14 billion, a PE ratio of 16.28, a price-earnings-growth ratio of 2.00 and a beta ratio of 1.27. The company has a 50-day simple moving average of $ 634.62 and a two-day simple moving average of $ 743.51.
BlackRock (NYSE: BLK – Get Rating) last released its quarterly earnings data on Wednesday, April 13th. The asset manager reported $ 9.52 EPS for the quarter, beating the consensus estimate of $ 8.92 by $ 0.60. BlackRock had a net margin of 31.20% and a return on equity of 17.00%. The business had revenue of $ 4.70 billion in the quarter, compared to analysts’ estimates of $ 4.76 billion. In the same period last year, the business earned $ 7.77 EPS. The company’s revenue for the quarter increased by 6.8% on an annual basis. On average, sales analysts predict that BlackRock, Inc. will report 38.35 earnings per share for the current year.
The business also recently unveiled a three-month dividend that was paid on Thursday (June 23rd). The record shareholders on Monday, June 6, received a dividend of $ 4.88. The date of the former dividend was Friday, June 3. This represents a $ 19.52 annual dividend and a yield of 3.01%. BlackRock’s dividend payout ratio (DPR) is currently 49.06%.
A number of stock research analysts have recently issued reports on BLK shares. Jefferies Financial Group began covering BlackRock shares in a research note on Wednesday, April 13th. They issued a “buy” rating and a price target of $ 873.00 for the company. Goldman Sachs Group lowered its target for BlackRock stock prices from $ 1,000.00 to $ 800.00 and set a buy rating for the company in a research note on Monday (March 14th). Morgan Stanley lowered its BlackRock stock price target from $ 966.00 to $ 932.00 and set the company’s “overweight” rating in a research note on Thursday (April 14th). Exane BNP Paribas downgraded BlackRock from “superior” to “neutral” and set a price target for the company of $ 725.00. in a research note on Tuesday, March 8th. Finally, Deutsche Bank Aktiengesellschaft lowered its BlackRock share price target from $ 905.00 to $ 747.00 in a research note on Thursday, May 19th. Five stock research analysts rated the shares with a retention rating, and ten issued a share purchase rating. According to MarketBeat.com, the shares currently have a consensus rating of “Moderate buying” and an average target price of $ 873.86.
In other BlackRock news, CEO William E. Ford bought 2,000 shares of the company’s shares in a deal on Monday, April 18. The shares were purchased at an average price of $ 681.44 per share, for a total transaction of $ 1,362,880.00. Following the purchase, the director now directly owns 14,915 shares in the company worth $ 10,163,677.60. The transaction is disclosed in documentation in the Securities and Exchange Commission, which is accessible through this hyperlink. Also, CEO William E. Ford bought 1,000 shares of the company’s shares in a deal made on Thursday, April 14th. The shares were acquired at an average price of $ 701.00 per share, with a total value of $ 701,000.00. Following the completion of the purchase, the director now owns 12,915 shares of the company worth $ 9,053,415. The disclosure of this purchase can be found here. 1.06% of the shares are currently owned by corporate insiders.
BlackRock profile (Get a rating)
BlackRock, Inc. is a publicly owned investment manager. The company provides its services primarily to institutional, intermediary and individual investors, including corporate, public, trade union and industrial pension plans, insurance companies, third-party mutual funds, donations, public institutions, governments, foundations, charities, government funds, corporations, official institutions and banks.
Want to see what other hedge funds hold BLK? Visit HoldingsChannel.com to receive the latest 13F queries and internal deals for BlackRock, Inc. (NYSE: BLK – Get rating).
Receive news and reviews for BlackRock Daily – Enter your email address below to receive a brief daily summary of the latest BlackRock and analysts’ latest news and ratings from MarketBeat.com’s FREE daily email newsletter.