BlackRock, Inc. (BLK) Shares Sold by Weaver C. Barksdale & Associates Inc.
Weaver C. Barksdale & Associates Inc. trimmed its position in BlackRock, Inc. (NYSE:BLK) by 7.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,650 shares of the asset manager’s stock after selling 300 shares during the period. BlackRock makes up approximately 2.0% of Weaver C. Barksdale & Associates Inc.’s holdings, making the stock its 3rd biggest holding. Weaver C. Barksdale & Associates Inc.’s holdings in BlackRock were worth $1,875,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in BLK. Keel Point LLC raised its holdings in BlackRock by 0.6% during the 2nd quarter. Keel Point LLC now owns 802 shares of the asset manager’s stock worth $339,000 after buying an additional 5 shares during the period. Bangor Savings Bank raised its holdings in shares of BlackRock by 0.6% in the second quarter. Bangor Savings Bank now owns 1,172 shares of the asset manager’s stock valued at $495,000 after purchasing an additional 7 shares during the last quarter. Zevenbergen Capital Investments LLC raised its holdings in shares of BlackRock by 0.4% in the second quarter. Zevenbergen Capital Investments LLC now owns 2,294 shares of the asset manager’s stock valued at $969,000 after purchasing an additional 10 shares during the last quarter. Veritable L.P. raised its holdings in shares of BlackRock by 0.3% in the second quarter. Veritable L.P. now owns 3,936 shares of the asset manager’s stock valued at $1,663,000 after purchasing an additional 11 shares during the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC raised its holdings in shares of BlackRock by 3.1% in the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 636 shares of the asset manager’s stock valued at $269,000 after purchasing an additional 19 shares during the last quarter. Institutional investors and hedge funds own 83.54% of the company’s stock.
BlackRock, Inc. (NYSE BLK) traded up $4.45 during trading hours on Wednesday, hitting $533.94. 547,600 shares of the company traded hands, compared to its average volume of 492,933. BlackRock, Inc. has a twelve month low of $365.83 and a twelve month high of $540.00. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $85,040.00, a PE ratio of 25.00, a PEG ratio of 1.57 and a beta of 1.81.
BlackRock (NYSE:BLK) last released its earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share for the quarter, beating the consensus estimate of $5.49 by $0.43. BlackRock had a net margin of 29.52% and a return on equity of 12.01%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the business earned $5.14 earnings per share. The firm’s revenue was up 14.0% on a year-over-year basis. research analysts predict that BlackRock, Inc. will post 22.37 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Monday, December 4th were paid a $2.50 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $10.00 annualized dividend and a dividend yield of 1.87%. BlackRock’s dividend payout ratio is presently 46.82%.
In other BlackRock news, Director J. Richard Kushel sold 100 shares of BlackRock stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $481.58, for a total transaction of $48,158.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Wagner sold 4,000 shares of BlackRock stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the transaction, the director now directly owns 481,915 shares of the company’s stock, valued at $243,897,181.50. The disclosure for this sale can be found here. Insiders sold 5,200 shares of company stock valued at $2,599,302 over the last three months. 1.86% of the stock is owned by company insiders.
A number of research firms have recently issued reports on BLK. Zacks Investment Research downgraded shares of BlackRock from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Wells Fargo & Co reiterated a “market perform” rating and issued a $475.00 price objective (up from $450.00) on shares of BlackRock in a report on Thursday, October 12th. JPMorgan Chase & Co. lifted their price objective on shares of BlackRock to $558.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Credit Suisse Group reiterated an “outperform” rating on shares of BlackRock in a report on Thursday, October 12th. Finally, Jefferies Group reiterated a “hold” rating and issued a $465.00 price objective on shares of BlackRock in a report on Thursday, October 12th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $489.08.
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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