2 weeks Ago By Defense World Staff
Nemes Rush Group LLC lessened its holdings in shares of BlackRock, Inc. ( NYSE:BLK – Free Report ) by 23.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 200 shares of the asset manager’s stock after selling 60 shares during the period. Nemes Rush Group LLC’s holdings in BlackRock were worth $157,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors have also bought and sold shares of the company.
Redmont Wealth Advisors LLC bought a new position in shares of BlackRock during the first quarter valued at approximately $27,000. Pineridge Advisors LLC purchased a new stake in shares of BlackRock in the 4th quarter worth about $28,000. Fairscale Capital LLC bought a new stake in shares of BlackRock during the 2nd quarter valued at about $31,000.
Lam Group Inc. purchased a new position in shares of BlackRock during the first quarter valued at about $33,000. Finally, Fairman Group LLC bought a new position in BlackRock in the fourth quarter worth about $35,000.
Institutional investors own 80.69% of the company’s stock. BlackRock Price Performance Shares of NYSE BLK opened at $945.
21 on Monday. The company has a 50 day moving average of $879.35 and a 200 day moving average of $821.
74. The company has a quick ratio of 5.06, a current ratio of 5.
06 and a debt-to-equity ratio of 0.37. BlackRock, Inc.
has a twelve month low of $596.18 and a twelve month high of $952.75.
The firm has a market cap of $140.46 billion, a P/E ratio of 24.02, a PEG ratio of 2.
05 and a beta of 1.30. BlackRock Announces Dividend The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd.
Stockholders of record on Monday, September 9th were paid a $5.10 dividend. The ex-dividend date was Monday, September 9th.
This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.16%.
BlackRock’s dividend payout ratio is presently 51.84%. Wall Street Analysts Forecast Growth Several analysts have weighed in on BLK shares.
TD Cowen cut their price objective on BlackRock from $974.00 to $969.00 and set a “buy” rating on the stock in a research report on Monday, July 8th.
Evercore ISI increased their price objective on BlackRock from $920.00 to $945.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th.
UBS Group lowered their price objective on BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research report on Wednesday, July 10th.
Deutsche Bank Aktiengesellschaft increased their price target on shares of BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th.
Finally, Keefe, Bruyette & Woods boosted their price objective on shares of BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th.
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.com, BlackRock currently has a consensus rating of “Moderate Buy” and an average target price of $902.
13. Check Out Our Latest Stock Analysis on BlackRock Insider Activity In other BlackRock news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $842.
08, for a total value of $1,289,224.48. Following the completion of the sale, the director now owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.
56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . In other news, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction on Friday, August 2nd.
The stock was sold at an average price of $842.08, for a total value of $1,289,224.48.
Following the transaction, the director now directly owns 5,732 shares in the company, valued at approximately $4,826,802.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link .
Also, Director Mark Wiedman sold 11,061 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $852.95, for a total value of $9,434,479.
95. Following the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,527,116. The disclosure for this sale can be found here .
Insiders sold 93,042 shares of company stock valued at $79,387,117 over the last three months. Insiders own 0.90% of the company’s stock.
About BlackRock ( 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. Featured Articles Five stocks we like better than BlackRock 3 Healthcare Dividend Stocks to Buy Simon Property REIT: A Safe Bet for Growth and Steady Dividends Stock Ratings and Recommendations: Understanding Analyst Ratings CarMax’s Impressive Rally: What Investors Should Watch Next What Does a Gap Up Mean in Stocks? How to Play the Gap MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.
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