BlackRock, Inc. (BLK) Holdings Increased by Harbour Capital Advisors LLC
Harbour Capital Advisors LLC boosted its position in BlackRock, Inc. (NYSE:BLK) by 4.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,963 shares of the asset manager’s stock after acquiring an additional 115 shares during the period. Harbour Capital Advisors LLC’s holdings in BlackRock were worth $1,325,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in BLK. Caisse DE Depot ET Placement DU Quebec grew its stake in BlackRock by 0.5% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,749 shares of the asset manager’s stock worth $7,966,000 after acquiring an additional 100 shares during the period. UBS Group AG grew its stake in BlackRock by 40.2% in the 1st quarter. UBS Group AG now owns 1,696,340 shares of the asset manager’s stock worth $650,563,000 after acquiring an additional 486,502 shares during the period. Johnson Financial Group Inc. grew its stake in shares of BlackRock by 2.3% during the 1st quarter. Johnson Financial Group Inc. now owns 10,945 shares of the asset manager’s stock valued at $4,198,000 after buying an additional 250 shares during the period. Wafra Investment Advisory Group Inc. NY purchased a new stake in shares of BlackRock during the 1st quarter valued at $9,755,000. Finally, Palouse Capital Management Inc. purchased a new stake in shares of BlackRock during the 1st quarter valued at $6,680,000. 82.13% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on BLK shares. BidaskClub cut shares of BlackRock from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of BlackRock from a “hold” rating to a “buy” rating and set a $501.00 price objective for the company in a research note on Tuesday, October 3rd. Goldman Sachs Group, Inc. (The) raised shares of BlackRock from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $440.00 to $500.00 in a research note on Thursday, September 28th. Jefferies Group LLC reissued a “hold” rating and set a $465.00 price objective on shares of BlackRock in a research note on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $500.00 price objective on shares of BlackRock in a research note on Thursday, October 12th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $489.08.
In other BlackRock news, Director J. Richard Kushel sold 100 shares of the business’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $481.58, for a total value of $48,158.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark Mccombe sold 1,000 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $478.99, for a total transaction of $478,990.00. The disclosure for this sale can be found here. Insiders have sold a total of 4,875 shares of company stock worth $2,101,166 in the last 90 days. Company insiders own 1.86% of the company’s stock.
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BlackRock, Inc. (BLK) traded up $7.59 during trading hours on Tuesday, hitting $482.36. 212,880 shares of the company traded hands, compared to its average volume of 528,879. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89. The firm has a market cap of $76,000.00, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.64 and a beta of 1.79. BlackRock, Inc. has a 1-year low of $365.83 and a 1-year high of $489.79.
BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.49 by $0.43. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.10 billion. BlackRock had a net margin of 29.52% and a return on equity of 12.01%. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.14 EPS. equities research analysts forecast that BlackRock, Inc. will post 22.29 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Monday, December 4th will be issued a dividend of $2.50 per share. The ex-dividend date is Friday, December 1st. This represents a $10.00 annualized dividend and a dividend yield of 2.07%. BlackRock’s payout ratio is 46.82%.
BlackRock Company Profile
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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