Riverpark Capital Management LLC lessened its stake in shares of BlackRock, Inc. (NYSE:BLK) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,859 shares of the asset manager’s stock after selling 3,027 shares during the period. Riverpark Capital Management LLC’s holdings in BlackRock were worth $10,201,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in BlackRock by 4.4% during the fourth quarter. BlackRock Inc. now owns 7,255,797 shares of the asset manager’s stock worth $3,727,377,000 after buying an additional 307,213 shares during the last quarter. Clearbridge Investments LLC increased its holdings in BlackRock by 2.6% during the fourth quarter. Clearbridge Investments LLC now owns 1,855,275 shares of the asset manager’s stock worth $953,073,000 after buying an additional 47,692 shares during the last quarter. Geode Capital Management LLC increased its holdings in BlackRock by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 1,260,724 shares of the asset manager’s stock worth $646,251,000 after buying an additional 46,914 shares during the last quarter. Legal & General Group Plc increased its holdings in BlackRock by 2.3% during the third quarter. Legal & General Group Plc now owns 608,209 shares of the asset manager’s stock worth $271,924,000 after buying an additional 13,939 shares during the last quarter. Finally, TD Asset Management Inc. increased its stake in shares of BlackRock by 1.4% in the third quarter. TD Asset Management Inc. now owns 449,827 shares of the asset manager’s stock worth $201,113,000 after purchasing an additional 6,394 shares in the last quarter. Institutional investors and hedge funds own 84.65% of the company’s stock.
In related news, Director Deryck C. Maughan bought 3,861 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was acquired at an average cost of $573.44 per share, for a total transaction of $2,214,051.84. Following the completion of the transaction, the director now directly owns 12,265 shares in the company, valued at approximately $7,033,241.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeff A. Smith sold 425 shares of BlackRock stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $565.96, for a total transaction of $240,533.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,961 shares of company stock valued at $11,375,444. 1.86% of the stock is currently owned by company insiders.
BlackRock, Inc. (BLK) opened at $577.18 on Monday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.94 and a quick ratio of 2.94. BlackRock, Inc. has a 1 year low of $368.00 and a 1 year high of $594.52. The company has a market cap of $92,763.22, a P/E ratio of 19.05, a PEG ratio of 1.55 and a beta of 1.71.
BlackRock (NYSE:BLK) last announced its earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.94 by $0.30. BlackRock had a net margin of 39.79% and a return on equity of 12.31%. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the business posted $5.14 earnings per share. BlackRock’s revenue for the quarter was up 20.0% on a year-over-year basis. analysts predict that BlackRock, Inc. will post 28.49 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Wednesday, March 7th will be given a dividend of $2.88 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 annualized dividend and a yield of 2.00%. BlackRock’s payout ratio is presently 38.02%.
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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