BlackRock $BLK Shares Purchased by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its position in BlackRock (NYSE:BLKFree Report) by 3.5% in the first quarter, HoldingsChannel reports. The firm owned 28,708 shares of the asset manager’s stock after buying an additional 969 shares during the period. IFM Investors Pty Ltd’s holdings in BlackRock were worth $27,609,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Evolution Wealth Management Inc. acquired a new position in BlackRock in the 4th quarter valued at about $26,000. Birchbrook Inc. acquired a new stake in shares of BlackRock during the 4th quarter worth approximately $31,000. LFA Lugano Financial Advisors SA acquired a new stake in shares of BlackRock during the 4th quarter worth approximately $32,000. Basepoint Wealth LLC purchased a new stake in shares of BlackRock during the 4th quarter valued at approximately $32,000. Finally, Swiss RE Ltd. purchased a new stake in shares of BlackRock during the 4th quarter valued at approximately $33,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Stock Performance

NYSE:BLK opened at $959.52 on Wednesday. BlackRock has a fifty-two week low of $917.39 and a fifty-two week high of $1,219.94. The company has a debt-to-equity ratio of 0.34, a quick ratio of 4.09 and a current ratio of 4.09. The company has a 50 day moving average price of $1,041.70 and a 200 day moving average price of $1,047.86. The stock has a market capitalization of $148.95 billion, a P/E ratio of 24.08, a PEG ratio of 1.23 and a beta of 1.42.

BlackRock (NYSE:BLKGet Free Report) last announced its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $12.40 by $0.13. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $6.56 billion. During the same quarter in the previous year, the company earned $9.64 earnings per share. The firm’s quarterly revenue was up 27.0% compared to the same quarter last year. Equities research analysts forecast that BlackRock will post 53.18 EPS for the current year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th were paid a $5.73 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.4%. BlackRock’s payout ratio is presently 57.53%.

Wall Street Analysts Forecast Growth

BLK has been the subject of several analyst reports. Barclays increased their price objective on BlackRock from $1,290.00 to $1,310.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. decreased their price target on BlackRock from $1,269.00 to $1,128.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Keefe, Bruyette & Woods increased their price target on BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Finally, Evercore cut their price objective on BlackRock from $1,220.00 to $1,140.00 and set an “outperform” rating for the company in a research report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,269.44.

Check Out Our Latest Stock Analysis on BLK

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

Insider Buying and Selling at BlackRock

In related news, President Robert Kapito sold 8,739 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the sale, the president owned 210,186 shares in the company, valued at approximately $222,082,527.60. The trade was a 3.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Laurence Fink sold 33,900 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total value of $35,613,645.00. Following the transaction, the chief executive officer directly owned 230,516 shares in the company, valued at approximately $242,168,583.80. The trade was a 12.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.92% of the stock is currently owned by insiders.

About BlackRock

(Free Report)

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

See Also

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLKFree Report).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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