Seelaus Asset Management LLC grew its holdings in shares of BlackRock, Inc. (NYSE:BLK – Get Rating) by 13.8% in the first quarter, HoldingsChannel reports. The fund owned 601 shares of the asset manager’s stock after buying an additional 73 shares during the period. Seelaus Asset Management LLC’s holdings in BlackRock were worth $459,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. boosted its position in BlackRock by 19.0% during the 1st quarter. Pacer Advisors Inc. now owns 12,876 shares of the asset manager’s stock worth $9,839,000 after acquiring an additional 2,056 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of BlackRock by 0.8% in the fourth quarter. Parametric Portfolio Associates LLC now owns 562,531 shares of the asset manager’s stock valued at $515,031,000 after buying an additional 4,700 shares during the period. Virginia Wealth Management Group Inc. acquired a new stake in shares of BlackRock in the fourth quarter valued at $3,086,000. Mayflower Financial Advisors LLC lifted its holdings in shares of BlackRock by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 1,052 shares of the asset manager’s stock valued at $963,000 after buying an additional 34 shares during the period. Finally, Herold Advisors Inc. lifted its holdings in shares of BlackRock by 22.8% in the fourth quarter. Herold Advisors Inc. now owns 1,860 shares of the asset manager’s stock valued at $1,702,000 after buying an additional 345 shares during the period. Institutional investors own 93.81% of the company’s stock.
BLK has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on BlackRock from $905.00 to $747.00 in a report on Thursday, May 19th. BNP Paribas lowered BlackRock from an “outperform” rating to a “neutral” rating and set a $725.00 price objective for the company. in a report on Tuesday, March 8th. BMO Capital Markets cut their price objective on BlackRock from $755.00 to $734.00 and set a “market perform” rating for the company in a report on Thursday, April 14th. Citigroup cut their price objective on BlackRock from $1,035.00 to $900.00 and set a “buy” rating for the company in a report on Tuesday, April 12th. Finally, The Goldman Sachs Group cut their target price on BlackRock from $1,000.00 to $800.00 and set a “buy” rating on the stock in a research report on Monday, March 14th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $873.86.
NYSE:BLK opened at $609.28 on Thursday. The firm has a market capitalization of $92.31 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.97 and a beta of 1.27. BlackRock, Inc. has a 1-year low of $575.60 and a 1-year high of $973.16. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.39. The business’s fifty day moving average price is $636.70 and its 200 day moving average price is $747.29.
BlackRock (NYSE:BLK – Get Rating) last issued its earnings results on Wednesday, April 13th. The asset manager reported $9.52 earnings per share for the quarter, topping the consensus estimate of $8.92 by $0.60. BlackRock had a return on equity of 17.00% and a net margin of 31.20%. The company had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same period in the prior year, the firm posted $7.77 EPS. The business’s revenue was up 6.8% compared to the same quarter last year. Equities analysts forecast that BlackRock, Inc. will post 38.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 23rd. Shareholders of record on Monday, June 6th will be given a $4.88 dividend. This represents a $19.52 annualized dividend and a yield of 3.20%. The ex-dividend date is Friday, June 3rd. BlackRock’s payout ratio is currently 49.06%.
About BlackRock (Get Rating)
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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