2 weeks Ago By ABMN Staff
Truist Financial Corp grew its position in shares of BlackRock, Inc. ( NYSE:BLK – Free Report ) by 0.5% during the 2nd quarter, Holdings Channel reports.
The institutional investor owned 206,265 shares of the asset manager’s stock after buying an additional 1,021 shares during the quarter. Truist Financial Corp’s holdings in BlackRock were worth $162,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors also recently modified their holdings of BLK.
Vanguard Group Inc. raised its stake in BlackRock by 2.3% in the 1st quarter.
Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock worth $10,990,052,000 after purchasing an additional 292,017 shares in the last quarter. Capital Research Global Investors raised its position in shares of BlackRock by 11.
1% in the first quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock valued at $3,630,127,000 after buying an additional 435,358 shares in the last quarter. Capital World Investors boosted its stake in shares of BlackRock by 57.
3% in the fourth quarter. Capital World Investors now owns 3,514,999 shares of the asset manager’s stock valued at $2,853,517,000 after buying an additional 1,279,952 shares during the period. Capital International Investors boosted its stake in shares of BlackRock by 2.
4% in the fourth quarter. Capital International Investors now owns 2,471,621 shares of the asset manager’s stock valued at $2,006,490,000 after buying an additional 58,681 shares during the period. Finally, Fisher Asset Management LLC grew its position in BlackRock by 2.
4% during the fourth quarter. Fisher Asset Management LLC now owns 2,015,337 shares of the asset manager’s stock worth $1,636,052,000 after buying an additional 47,128 shares in the last quarter. Institutional investors and hedge funds own 80.
69% of the company’s stock. Wall Street Analysts Forecast Growth A number of research firms have recently weighed in on BLK. StockNews.
com started coverage on BlackRock in a research report on Thursday, September 26th. They set a “hold” rating for the company. Barclays increased their price objective on shares of BlackRock from $985.
00 to $990.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Argus boosted their target price on shares of BlackRock from $880.
00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. 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 report on Tuesday, July 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BlackRock from $912.
00 to $937.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock.
According to data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $902.13. BlackRock Price Performance Shares of BLK opened at $949.
50 on Tuesday. The company has a quick ratio of 5.06, a current ratio of 5.
06 and a debt-to-equity ratio of 0.37. The stock has a market cap of $141.
10 billion, a PE ratio of 24.13, a PEG ratio of 2.05 and a beta of 1.
30. BlackRock, Inc. has a 12-month low of $596.
18 and a 12-month high of $952.75. The business has a 50-day simple moving average of $881.
47 and a two-hundred day simple moving average of $822.72. BlackRock ( NYSE:BLK – Get Free Report ) last released its quarterly earnings data on Monday, July 15th.
The asset manager reported $10.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.96 by $0.
40. BlackRock had a return on equity of 15.44% and a net margin of 32.
36%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.
85 billion. During the same quarter in the prior year, the firm posted $9.28 earnings per share.
The firm’s revenue was up 7.7% compared to the same quarter last year. Analysts anticipate that BlackRock, Inc.
will post 41.37 earnings per share for the current fiscal year. BlackRock Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd.
Investors of record on Monday, September 9th were paid a $5.10 dividend. The ex-dividend date of this dividend was Monday, September 9th.
This represents a $20.40 annualized dividend and a dividend yield of 2.15%.
BlackRock’s dividend payout ratio is 51.84%. Insider Activity at BlackRock In other BlackRock news, CEO Laurence Fink sold 29,450 shares of the company’s stock in a transaction dated Tuesday, August 6th.
The stock was sold at an average price of $843.25, for a total value of $24,833,712.50.
Following the sale, the chief executive officer now owns 353,718 shares in the company, valued at approximately $298,272,703.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link .
In other news, CEO Laurence Fink sold 29,450 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $843.25, for a total value of $24,833,712.
50. Following the transaction, the chief executive officer now owns 353,718 shares in the company, valued at approximately $298,272,703.50.
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, Director Pamela Daley sold 1,531 shares of the stock in a transaction 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 sale, the director now owns 5,732 shares of the company’s stock, valued at $4,826,802.
56. The disclosure for this sale can be found here . Insiders sold 93,042 shares of company stock worth $79,387,117 over the last three months.
Company 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. Further Reading 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.
( NYSE:BLK – Free Report ). 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.com's FREE daily email newsletter .
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