Grove Bank & Trust boosted its stake in shares of BlackRock, Inc. (NYSE:BLK – Free Report) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 479 shares of the asset manager’s stock after buying an additional 19 shares during the quarter. Grove Bank & Trust’s holdings in BlackRock were worth $455,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BLK. Quarry LP acquired a new position in shares of BlackRock in the 4th quarter valued at about $50,000. Chicago Partners Investment Group LLC lifted its stake in shares of BlackRock by 11.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 638 shares of the asset manager’s stock valued at $501,000 after purchasing an additional 67 shares during the period. Centaurus Financial Inc. lifted its stake in shares of BlackRock by 315.8% in the 4th quarter. Centaurus Financial Inc. now owns 844 shares of the asset manager’s stock valued at $685,000 after purchasing an additional 641 shares during the period. Richardson Financial Services Inc. acquired a new position in shares of BlackRock in the 4th quarter valued at about $45,000. Finally, SageView Advisory Group LLC acquired a new position in shares of BlackRock in the 4th quarter valued at about $1,560,000. 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 company’s stock in a transaction on 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 owns 6,480 shares of the company’s stock, valued at approximately $5,832,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 in the company, valued at $5,832,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,042 shares of company stock valued at $56,857,777. 0.90% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Report on BLK
BlackRock Stock Performance
BLK stock opened at $991.72 on Tuesday. The firm has a market cap of $147.37 billion, a PE ratio of 25.20, a P/E/G ratio of 1.94 and a beta of 1.30. 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 business has a 50 day moving average of $902.62 and a 200-day moving average of $832.46. BlackRock, Inc. has a 12-month low of $596.18 and a 12-month high of $1,001.45.
BlackRock (NYSE:BLK – Get Free Report) last posted its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating the consensus estimate of $10.42 by $1.04. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter in the prior year, the business earned $10.91 earnings per share. BlackRock’s revenue for the quarter was up 14.9% on a year-over-year basis. As a group, sell-side analysts expect that BlackRock, Inc. will post 41.73 earnings per share for the current year.
BlackRock Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were issued 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 2.06%. BlackRock’s payout ratio is currently 51.84%.
BlackRock Company 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.
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