Capital One National Association Purchases 352 Shares of BlackRock, Inc. (NYSE:BLK)
Capital One National Association boosted its position in BlackRock, Inc. (NYSE:BLK) by 5.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 7,137 shares of the asset manager’s stock after buying an additional 352 shares during the period. Capital One National Association’s holdings in BlackRock were worth $3,014,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of BLK. Creative Planning boosted its position in shares of BlackRock by 72.3% in the first quarter. Creative Planning now owns 5,186 shares of the asset manager’s stock worth $1,989,000 after buying an additional 2,176 shares in the last quarter. Regentatlantic Capital LLC purchased a new position in shares of BlackRock during the first quarter worth about $257,000. First National Bank of Omaha boosted its position in shares of BlackRock by 2.4% in the first quarter. First National Bank of Omaha now owns 30,922 shares of the asset manager’s stock worth $11,859,000 after buying an additional 734 shares in the last quarter. Adirondack Trust Co. boosted its position in shares of BlackRock by 7.1% in the first quarter. Adirondack Trust Co. now owns 450 shares of the asset manager’s stock worth $172,000 after buying an additional 30 shares in the last quarter. Finally, TNB Financial purchased a new position in shares of BlackRock during the first quarter worth about $332,000. Institutional investors own 80.37% of the company’s stock.
BlackRock, Inc. (NYSE BLK) traded up 0.6117% during midday trading on Friday, hitting $425.2754. The stock had a trading volume of 305,163 shares. The firm has a market cap of $68.98 billion, a price-to-earnings ratio of 20.4126 and a beta of 1.71. The firm has a 50 day moving average of $428.00 and a 200 day moving average of $399.35. BlackRock, Inc. has a 52 week low of $336.84 and a 52 week high of $442.84.
BlackRock (NYSE:BLK) last announced its quarterly earnings results on Monday, July 17th. The asset manager reported $5.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.39 by $0.15. The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.01 billion. BlackRock had a net margin of 29.92% and a return on equity of 11.74%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.78 earnings per share. Equities research analysts predict that BlackRock, Inc. will post $21.85 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 5th will be issued a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, August 31st. BlackRock’s payout ratio is currently 47.98%.
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A number of equities analysts recently issued reports on BLK shares. Deutsche Bank AG reiterated a “buy” rating and issued a $441.00 target price (down from $449.00) on shares of BlackRock in a report on Saturday, April 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $387.00 target price on shares of BlackRock in a report on Wednesday, May 17th. Bank of America Corporation reiterated a “buy” rating and issued a $450.00 target price on shares of BlackRock in a report on Monday, June 19th. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “buy” rating and set a $480.00 target price on the stock in a report on Tuesday, June 20th. Finally, BidaskClub upgraded BlackRock from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $434.93.
In other news, Director Susan Wagner sold 2,500 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $414.31, for a total transaction of $1,035,775.00. Following the transaction, the director now directly owns 484,386 shares of the company’s stock, valued at $200,685,963.66. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Mark Mccombe sold 500 shares of the company’s stock in a transaction 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. Over the last ninety days, insiders have sold 3,772 shares of company stock worth $1,567,516. Corporate 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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