1 week Ago By ABMN Staff
Certuity LLC reduced its holdings in BlackRock, Inc. ( NYSE:BLK – Free Report ) by 3.0% during the second quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 642 shares of the asset manager’s stock after selling 20 shares during the quarter. Certuity LLC’s holdings in BlackRock were worth $506,000 at the end of the most recent quarter. Several other hedge funds have also recently made changes to their positions in the business.
Norges Bank purchased a new position in BlackRock during the 4th quarter valued at $1,812,920,000. Capital World Investors raised its stake in BlackRock by 57.3% in the fourth quarter.
Capital World Investors now owns 3,514,999 shares of the asset manager’s stock worth $2,853,517,000 after buying an additional 1,279,952 shares in the last quarter. Capital Research Global Investors lifted its holdings in BlackRock by 23.7% in the fourth quarter.
Capital Research Global Investors now owns 3,918,878 shares of the asset manager’s stock worth $3,181,346,000 after buying an additional 749,654 shares during the period. Mayflower Financial Advisors LLC boosted its position in BlackRock by 24,171.5% during the 1st quarter.
Mayflower Financial Advisors LLC now owns 416,014 shares of the asset manager’s stock valued at $346,831,000 after acquiring an additional 414,300 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of BlackRock by 2.
3% during the 1st quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock worth $10,990,052,000 after acquiring an additional 292,017 shares during the period.
80.69% of the stock is owned by hedge funds and other institutional investors. Insider Transactions at BlackRock In related news, Director Mark Wiedman sold 12,000 shares of the company’s stock in a transaction on Friday, August 30th.
The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00.
Following the completion of the sale, the director now owns 6,480 shares in the company, valued at $5,832,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th.
The shares were sold at an average price of $900.00, for a total transaction of $10,800,000.00.
Following the completion of the sale, the director now directly owns 6,480 shares of the company’s stock, valued at $5,832,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link . Also, Director Pamela Daley sold 1,531 shares of the stock in a transaction that occurred on Friday, August 2nd.
The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48.
Following the completion of the transaction, the director now owns 5,732 shares in the company, valued at $4,826,802.56. The disclosure for this sale can be found here .
Insiders have sold a total of 93,042 shares of company stock worth $79,387,117 in the last ninety days. Insiders own 0.90% of the company’s stock.
BlackRock Trading Down 1.1 % BlackRock ( NYSE:BLK – Get Free Report ) last announced its quarterly earnings results on Monday, July 15th. The asset manager reported $10.
36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.96 by $0.40.
The firm had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.85 billion.
BlackRock had a net margin of 32.36% and a return on equity of 15.44%.
The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $9.
28 EPS. Sell-side analysts expect that BlackRock, Inc. will post 41.
34 earnings per share for the current year. BlackRock Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be issued a dividend of $5.
10 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $20.
40 annualized dividend and a dividend yield of 2.35%. BlackRock’s payout ratio is 51.
84%. Wall Street Analyst Weigh In Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on BlackRock from $915.
00 to $934.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Evercore ISI boosted their target price on shares of BlackRock from $920.
00 to $945.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup increased their price target on shares of BlackRock from $920.
00 to $930.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. UBS Group dropped their price objective on shares of BlackRock from $842.
00 to $837.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, Morgan Stanley decreased their target price on shares of BlackRock from $1,025.
00 to $1,013.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company.
According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $883.13. Get Our Latest Research Report on BLK BlackRock Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc.
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