BlackRock, Inc. (NYSE:BLK) is North Point Portfolio Managers Corp OH’s 10th Largest Position

North Point Portfolio Managers Corp OH lifted its position in shares of BlackRock, Inc. (NYSE:BLK) by 0.7% in the second quarter, HoldingsChannel.com reports. The firm owned 33,480 shares of the asset manager’s stock after purchasing an additional 243 shares during the period. BlackRock comprises 2.9% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 10th largest position. North Point Portfolio Managers Corp OH’s holdings in BlackRock were worth $15,712,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ellis Investment Partners LLC bought a new position in shares of BlackRock during the first quarter valued at approximately $26,000. Valley National Advisers Inc. increased its stake in shares of BlackRock by 81.8% during the first quarter. Valley National Advisers Inc. now owns 60 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Advisory Alpha LLC bought a new position in shares of BlackRock during the first quarter valued at approximately $26,000. Harvest Group Wealth Management LLC bought a new position in shares of BlackRock during the first quarter valued at approximately $37,000. Finally, Rational Advisors LLC increased its stake in shares of BlackRock by 260.0% during the first quarter. Rational Advisors LLC now owns 90 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 81.77% of the company’s stock.

A number of brokerages have weighed in on BLK. Morgan Stanley raised their target price on shares of BlackRock from $550.00 to $553.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. UBS Group raised their target price on shares of BlackRock from $515.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Barclays raised their target price on shares of BlackRock from $515.00 to $540.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. decreased their target price on shares of BlackRock from $527.00 to $525.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $499.03.

Shares of BLK traded up $12.44 on Friday, hitting $421.74. 12,454 shares of the stock traded hands, compared to its average volume of 563,631. The company has a market capitalization of $65.74 billion, a PE ratio of 15.64, a P/E/G ratio of 1.57 and a beta of 1.51. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.49 and a current ratio of 2.92. The business has a 50 day simple moving average of $462.13 and a 200 day simple moving average of $447.03. BlackRock, Inc. has a one year low of $360.79 and a one year high of $492.00.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, July 19th. The asset manager reported $6.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $6.52 by ($0.11). The firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.57 billion. BlackRock had a net margin of 30.25% and a return on equity of 13.24%. BlackRock’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business earned $6.66 EPS. On average, equities analysts expect that BlackRock, Inc. will post 27.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Thursday, September 5th will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Wednesday, September 4th. BlackRock’s dividend payout ratio (DPR) is currently 49.02%.

BlackRock Company Profile

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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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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