Compton Capital Management Inc. RI held its stake in shares of BlackRock, Inc. (NYSE:BLK) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,500 shares of the asset manager’s stock at the end of the first quarter. Compton Capital Management Inc. RI’s holdings in BlackRock were worth $959,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Alpha Windward LLC raised its stake in shares of BlackRock by 0.6% in the first quarter. Alpha Windward LLC now owns 487 shares of the asset manager’s stock worth $187,000 after buying an additional 3 shares in the last quarter. Eqis Capital Management Inc. raised its stake in shares of BlackRock by 0.5% in the first quarter. Eqis Capital Management Inc. now owns 609 shares of the asset manager’s stock worth $233,000 after buying an additional 3 shares in the last quarter. Bangor Savings Bank raised its stake in shares of BlackRock by 0.7% in the first quarter. Bangor Savings Bank now owns 1,165 shares of the asset manager’s stock worth $446,000 after buying an additional 8 shares in the last quarter. Perkins Coie Trust Co raised its stake in shares of BlackRock by 0.3% in the first quarter. Perkins Coie Trust Co now owns 5,606 shares of the asset manager’s stock worth $2,150,000 after buying an additional 19 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. raised its stake in shares of BlackRock by 0.6% in the first quarter. Canandaigua National Bank & Trust Co. now owns 3,355 shares of the asset manager’s stock worth $1,285,000 after buying an additional 19 shares in the last quarter. Institutional investors and hedge funds own 81.91% of the company’s stock.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

BlackRock, Inc. (BLK) opened at 420.51 on Friday. The firm has a 50-day moving average price of $399.61 and a 200-day moving average price of $387.27. The firm has a market capitalization of $68.49 billion, a P/E ratio of 20.66 and a beta of 1.67. BlackRock, Inc. has a one year low of $317.60 and a one year high of $423.47.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, April 19th. The asset manager reported $5.25 earnings per share for the quarter, beating the consensus estimate of $4.94 by $0.31. BlackRock had a return on equity of 11.62% and a net margin of 29.74%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the business posted $4.25 EPS. The company’s revenue was up 7.6% on a year-over-year basis. Equities analysts anticipate that BlackRock, Inc. will post $21.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Monday, June 5th will be paid a $2.50 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $10.00 annualized dividend and a dividend yield of 2.38%. BlackRock’s dividend payout ratio (DPR) is currently 49.14%.

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BLK has been the topic of a number of recent research reports. J P Morgan Chase & Co reiterated a “buy” rating on shares of BlackRock in a research report on Wednesday, March 8th. Morgan Stanley reiterated a “buy” rating on shares of BlackRock in a research report on Saturday, March 18th. Deutsche Bank AG upped their target price on BlackRock from $447.00 to $449.00 and gave the company a “buy” rating in a research report on Thursday, April 6th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $387.00 target price on shares of BlackRock in a research report on Wednesday, May 17th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. BlackRock currently has an average rating of “Hold” and an average price target of $410.70.

In other BlackRock news, Director Susan Wagner sold 2,500 shares of BlackRock stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $414.31, for a total value of $1,035,775.00. Following the transaction, the director now directly owns 484,386 shares in the company, valued at approximately $200,685,963.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Mccombe sold 500 shares of BlackRock stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $405.98, for a total value of $202,990.00. The disclosure for this sale can be found here. Company insiders own 1.86% of the company’s stock.

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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