BlackRock, Inc. (BLK) Position Raised by Huntington National Bank
Huntington National Bank increased its holdings in BlackRock, Inc. (NYSE:BLK) by 3.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 106,303 shares of the asset manager’s stock after buying an additional 3,544 shares during the period. BlackRock accounts for approximately 0.9% of Huntington National Bank’s portfolio, making the stock its 26th largest holding. Huntington National Bank’s holdings in BlackRock were worth $54,608,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Aperio Group LLC raised its position in shares of BlackRock by 8.6% in the third quarter. Aperio Group LLC now owns 68,737 shares of the asset manager’s stock worth $30,732,000 after buying an additional 5,451 shares in the last quarter. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of BlackRock in the third quarter worth $222,000. Berkshire Asset Management LLC PA raised its position in shares of BlackRock by 33.0% in the fourth quarter. Berkshire Asset Management LLC PA now owns 899 shares of the asset manager’s stock worth $462,000 after buying an additional 223 shares in the last quarter. WFG Advisors LP raised its position in shares of BlackRock by 66.6% in the second quarter. WFG Advisors LP now owns 1,096 shares of the asset manager’s stock worth $463,000 after buying an additional 438 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of BlackRock by 9.7% in the third quarter. New York State Common Retirement Fund now owns 357,800 shares of the asset manager’s stock worth $159,969,000 after buying an additional 31,600 shares in the last quarter. Institutional investors own 83.27% of the company’s stock.
In other news, insider Jeff A. Smith sold 425 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $565.96, for a total transaction of $240,533.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Susan Wagner sold 4,000 shares of the firm’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 transaction, the director now directly owns 481,915 shares in the company, valued at $243,897,181.50. The disclosure for this sale can be found here. Insiders have sold 4,525 shares of company stock worth $2,312,687 over the last ninety days. Insiders own 1.86% of the company’s stock.
BlackRock, Inc. (BLK) opened at $535.22 on Wednesday. BlackRock, Inc. has a 12 month low of $368.00 and a 12 month high of $594.52. The company has a market capitalization of $84,544.32, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.41 and a beta of 1.76. 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 (NYSE:BLK) last announced its quarterly earnings data on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.94 by $0.30. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the firm earned $5.14 earnings per share. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. equities analysts forecast that BlackRock, Inc. will post 28.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be paid a dividend of $2.88 per share. This is a boost from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, March 6th. BlackRock’s dividend payout ratio (DPR) 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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