(NYSE:BLK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,637 shares of the asset manager's stock after selling 406 shares during the period.
Receive BlackRock, Inc. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock, Inc. with MarketBeat.com's FREE daily email newsletter. Accern also gave media coverage about the asset manager an impact score of 87 out of 100, indicating that recent news coverage is very likely to have an effect on the stock's share price in the near future. Kings Point Capital Management now owns 273 shares of the asset manager's stock valued at $105,000 after buying an additional 70 shares during the last quarter. Israel Discount Bank of New York GFN purchased a new position in BlackRock during the fourth quarter valued at $162,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in BlackRock by 95.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 91,479 shares of the asset manager's stock worth $34,811,000 after buying an additional 66,503 shares during the period.
As of the end of the second quarter, BlackRock managed $3.7 trillion in passive investment money and $1.6 trillion in active strategies.
BlackRock stock traded down nearly 2% at Monday's open. The firm's 50-day moving average price is $410.09 and its 200-day moving average price is $390.31. The lowest 12-month price target for the shares is $425.00, which would be decrease of about -3% of its current value.
BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, April 19th. The asset manager reported $5.25 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $4.94 by $0.31. The firm had revenue of $2.97 billion during the quarter, compared to analysts' expectations of $3.01 billion.More news: It's full steam ahead for a seventh Disney cruise ship
Equity net flows amounted to $38.4 billion, fixed income net flows were $43 billion, and multi-asset net flows were $9.5 billion. BlackRock's quarterly revenue was up 7.6% compared to the same quarter previous year. During the same quarter a year ago, the business earned $4.78 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.28%. BlackRock's payout ratio is now 49.14%. Has $811,000 Stake in BlackRock, Inc.
COPYRIGHT VIOLATION WARNING: This news story was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. The original version of this story can be read at https://baseballnewssource.com/markets/blackrock-inc-nyseblk-shares-sold-by-papp-l-roy-associates-updated/1141282.html. For now, BLK is the toast of Wall Street as its ABR stands at 2.10 with 5 out of 14 analysts rating the stock a buy. Jefferies Group LLC reissued a "hold" rating and issued a $387.00 price objective on shares of BlackRock in a research note on Wednesday, May 17th. BidaskClub raised shares of BlackRock from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 1st. August 24 investment analysts at Barclays held the company rating at "Equal-weight" but lowered the price expectation from $383.00 to $375.00. The company has a consensus rating of "Buy" and a consensus price target of $428.36.
In related news, insider Mark Mccombe sold 500 shares of BlackRock stock in a transaction on Friday, May 26th. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume.