Atria Investments LLC Has $2.94 Million Stake in BlackRock, Inc. (BLK)
Atria Investments LLC grew its position in shares of BlackRock, Inc. (NYSE:BLK) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,718 shares of the asset manager’s stock after purchasing an additional 477 shares during the quarter. Atria Investments LLC’s holdings in BlackRock were worth $2,937,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Aperio Group LLC raised its stake in shares of BlackRock by 8.6% during the third quarter. Aperio Group LLC now owns 68,737 shares of the asset manager’s stock valued at $30,732,000 after purchasing an additional 5,451 shares in the last quarter. Honkamp Krueger Financial Services Inc. bought a new stake in shares of BlackRock during the third quarter valued at about $222,000. WFG Advisors LP raised its stake in shares of BlackRock by 66.6% during the second quarter. WFG Advisors LP now owns 1,096 shares of the asset manager’s stock valued at $463,000 after purchasing an additional 438 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of BlackRock by 9.7% during the third quarter. New York State Common Retirement Fund now owns 357,800 shares of the asset manager’s stock valued at $159,969,000 after purchasing an additional 31,600 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of BlackRock by 4.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 418,198 shares of the asset manager’s stock valued at $186,973,000 after purchasing an additional 17,491 shares in the last quarter. Institutional investors and hedge funds own 83.55% of the company’s stock.
A number of equities research analysts recently weighed in on BLK shares. Credit Suisse Group restated a “buy” rating and set a $680.00 price objective on shares of BlackRock in a research note on Friday, January 12th. Zacks Investment Research upgraded shares of BlackRock from a “hold” rating to a “buy” rating and set a $501.00 price objective on the stock in a research note on Tuesday, October 3rd. Goldman Sachs Group upgraded shares of BlackRock from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $440.00 to $500.00 in a research note on Thursday, September 28th. Citigroup lifted their price objective on shares of BlackRock to $625.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Argus restated a “buy” rating and set a $620.00 price objective (up from $520.00) on shares of BlackRock in a research note on Tuesday. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. BlackRock has an average rating of “Buy” and a consensus price target of $547.92.
In other BlackRock news, Director Susan Wagner sold 4,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $506.10, for a total value of $2,024,400.00. Following the sale, the director now directly owns 481,915 shares in the company, valued at $243,897,181.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeff A. Smith sold 100 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $477.54, for a total transaction of $47,754.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,525 shares of company stock worth $2,312,687. 1.86% of the stock is owned by company insiders.
Shares of BlackRock, Inc. (NYSE:BLK) opened at $576.51 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89. BlackRock, Inc. has a 1 year low of $365.83 and a 1 year high of $578.63. The company has a market cap of $92,430.00, a PE ratio of 19.03, a price-to-earnings-growth ratio of 1.53 and a beta of 1.81.
BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 EPS for the quarter, topping the consensus estimate of $5.94 by $0.30. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the business earned $5.14 earnings per share. BlackRock’s revenue for the quarter was up 20.0% compared to the same quarter last year. equities analysts anticipate that BlackRock, Inc. will post 27.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Wednesday, March 7th will be given a $2.88 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This is a boost from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 annualized dividend and a yield of 2.00%. BlackRock’s payout ratio is 33.00%.
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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.
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