Blue Edge Capital LLC held its position in shares of BlackRock, Inc. (NYSE:BLK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,972 shares of the asset manager’s stock at the close of the second quarter. Blue Edge Capital LLC’s holdings in BlackRock were worth $1,255,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Cubist Systematic Strategies LLC purchased a new position in BlackRock in the second quarter worth $1,915,000. Sciencast Management LP bought a new stake in shares of BlackRock in the second quarter valued at $403,000. Green Square Capital LLC raised its stake in shares of BlackRock by 9.7% in the second quarter. Green Square Capital LLC now owns 2,155 shares of the asset manager’s stock valued at $910,000 after buying an additional 190 shares during the period. Gotham Asset Management LLC bought a new stake in shares of BlackRock in the second quarter valued at $779,000. Finally, Colonial Trust Advisors raised its stake in shares of BlackRock by 22.3% in the second quarter. Colonial Trust Advisors now owns 1,284 shares of the asset manager’s stock valued at $542,000 after buying an additional 234 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Jeff A. Smith sold 250 shares of BlackRock stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $434.87, for a total transaction of $108,717.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert W. Fairbairn sold 3,675 shares of BlackRock stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $415.31, for a total value of $1,526,264.25. The disclosure for this sale can be found here. Insiders have sold 4,447 shares of company stock worth $1,855,015 over the last quarter. 1.86% of the stock is owned by company insiders.
Shares of BlackRock, Inc. (NYSE:BLK) traded up 0.54% during mid-day trading on Wednesday, hitting $468.00. The company’s stock had a trading volume of 217,381 shares. BlackRock, Inc. has a 52-week low of $336.84 and a 52-week high of $474.00. The stock’s 50 day moving average price is $432.25 and its 200 day moving average price is $414.01. The company has a market cap of $75.91 billion, a price-to-earnings ratio of 22.46 and a beta of 1.72.
BlackRock (NYSE:BLK) last released its earnings results on Monday, October 16th. The asset manager reported $5.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.49 by $0.43. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.10 billion. BlackRock had a return on equity of 11.74% and a net margin of 29.92%. BlackRock’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $5.14 earnings per share. Equities analysts forecast that BlackRock, Inc. will post $21.95 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 5th were given a dividend of $2.50 per share. The ex-dividend date was Thursday, August 31st. This represents a $10.00 annualized dividend and a yield of 2.15%. BlackRock’s dividend payout ratio (DPR) is presently 47.98%.
Several analysts have issued reports on BLK shares. Morgan Stanley restated an “overweight” rating and issued a $476.00 target price (up from $460.00) on shares of BlackRock in a research note on Tuesday, July 18th. Barclays PLC started coverage on BlackRock in a research note on Friday, September 8th. They issued an “overweight” rating and a $475.00 target price on the stock. BidaskClub upgraded BlackRock from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 1st. Bank of America Corporation restated a “buy” rating and issued a $450.00 target price on shares of BlackRock in a research note on Monday, June 19th. Finally, Credit Suisse Group restated an “outperform” rating on shares of BlackRock in a research note on Tuesday, August 29th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $462.00.
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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