BlackRock, Inc. (BLK) Holdings Boosted by Evercore Wealth Management LLC
Evercore Wealth Management LLC raised its stake in shares of BlackRock, Inc. (NYSE:BLK) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,203 shares of the asset manager’s stock after purchasing an additional 2,129 shares during the period. BlackRock accounts for 1.5% of Evercore Wealth Management LLC’s holdings, making the stock its 22nd biggest position. Evercore Wealth Management LLC owned about 0.06% of BlackRock worth $45,814,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of BLK. Flossbach Von Storch AG purchased a new position in BlackRock during the third quarter valued at $128,258,000. Cornerstone Wealth Management LLC purchased a new position in BlackRock during the second quarter valued at $377,000. BlackRock Inc. lifted its holdings in BlackRock by 2.1% during the second quarter. BlackRock Inc. now owns 7,601,685 shares of the asset manager’s stock valued at $3,793,546,000 after purchasing an additional 153,749 shares in the last quarter. Moneta Group Investment Advisors LLC purchased a new position in BlackRock during the second quarter valued at $202,000. Finally, Renaissance Technologies LLC lifted its holdings in BlackRock by 107.2% during the third quarter. Renaissance Technologies LLC now owns 219,000 shares of the asset manager’s stock valued at $103,221,000 after purchasing an additional 113,300 shares in the last quarter. 83.14% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director William E. Ford acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 17th. The stock was purchased at an average cost of $409.59 per share, for a total transaction of $819,180.00. Following the completion of the transaction, the director now owns 7,466 shares in the company, valued at $3,057,998.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J. Richard Kushel sold 2,100 shares of the firm’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $419.11, for a total transaction of $880,131.00. The disclosure for this sale can be found here. 1.86% of the stock is owned by corporate insiders.
Shares of NYSE BLK opened at $408.75 on Thursday. The stock has a market capitalization of $64.46 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.27 and a beta of 1.55. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.76. BlackRock, Inc. has a 52 week low of $376.31 and a 52 week high of $594.52.
BlackRock (NYSE:BLK) last issued its earnings results on Tuesday, October 16th. The asset manager reported $7.52 EPS for the quarter, beating the Zacks’ consensus estimate of $6.93 by $0.59. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.65 billion. BlackRock had a net margin of 39.92% and a return on equity of 13.72%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business earned $5.76 earnings per share. As a group, equities research analysts predict that BlackRock, Inc. will post 27.81 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 26th. Stockholders of record on Friday, December 7th will be given a $3.13 dividend. This represents a $12.52 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Thursday, December 6th. BlackRock’s dividend payout ratio (DPR) is 55.40%.
BlackRock Company Profile
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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