BlackRock, Inc. (NYSE:BLK) Shares Purchased by Bokf Na

Bokf Na increased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 13.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 15,026 shares of the asset manager’s stock after acquiring an additional 1,769 shares during the period. Bokf Na’s holdings in BlackRock were worth $11,830,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Redmont Wealth Advisors LLC acquired a new position in shares of BlackRock in the 1st quarter valued at approximately $27,000. Private Wealth Management Group LLC acquired a new position in shares of BlackRock in the 4th quarter valued at approximately $28,000. Pineridge Advisors LLC acquired a new position in shares of BlackRock in the 4th quarter valued at approximately $28,000. Lam Group Inc. acquired a new position in shares of BlackRock in the 1st quarter valued at approximately $33,000. Finally, Fairman Group LLC acquired a new position in shares of BlackRock in the 4th quarter valued at approximately $35,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $900.00, for a total value of $10,800,000.00. Following the completion of the transaction, the director now owns 6,480 shares of the company’s stock, valued at $5,832,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Laurence Fink sold 29,450 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $843.25, for a total transaction of $24,833,712.50. Following the completion of the transaction, the chief executive officer now owns 353,718 shares of the company’s stock, valued at $298,272,703.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Wiedman sold 12,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,042 shares of company stock valued at $79,387,117. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Evercore ISI upped their price target on BlackRock from $920.00 to $945.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft upped their price target on BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods upped 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. Argus upped their price target on BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, Barclays upped their price target on BlackRock from $985.00 to $990.00 and gave the company an “overweight” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and an average price target of $883.47.

BlackRock Trading Down 0.8 %

NYSE:BLK opened at $877.12 on Thursday. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $903.46. The stock has a market cap of $130.34 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.89 and a beta of 1.30. The business has a fifty day moving average of $854.14 and a 200-day moving average of $813.31. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Monday, July 15th. The asset manager reported $10.36 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $4.85 billion. During the same quarter in the prior year, the business posted $9.28 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts predict that BlackRock, Inc. will post 41.34 earnings per share for the current year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be paid a $5.10 dividend. The ex-dividend date is Monday, September 9th. This represents a $20.40 annualized dividend and a dividend yield of 2.33%. BlackRock’s payout ratio is 51.84%.

BlackRock Profile

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.