Pioneer Trust Bank N A OR increased its stake in BlackRock, Inc. (NYSE:BLK) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,395 shares of the asset manager’s stock after buying an additional 195 shares during the period. BlackRock makes up approximately 2.2% of Pioneer Trust Bank N A OR’s portfolio, making the stock its 19th largest position. Pioneer Trust Bank N A OR’s holdings in BlackRock were worth $3,968,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in shares of BlackRock by 44.1% in the first quarter. Fisher Asset Management LLC now owns 108,774 shares of the asset manager’s stock valued at $41,716,000 after buying an additional 33,283 shares in the last quarter. Stifel Financial Corp increased its stake in shares of BlackRock by 19.1% in the first quarter. Stifel Financial Corp now owns 170,590 shares of the asset manager’s stock valued at $65,487,000 after buying an additional 27,321 shares in the last quarter. KBC Group NV increased its stake in shares of BlackRock by 35.1% in the first quarter. KBC Group NV now owns 50,282 shares of the asset manager’s stock valued at $19,284,000 after buying an additional 13,065 shares in the last quarter. Van Cleef Asset Management Inc increased its stake in shares of BlackRock by 1.6% in the first quarter. Van Cleef Asset Management Inc now owns 3,237 shares of the asset manager’s stock valued at $1,241,000 after buying an additional 50 shares in the last quarter. Finally, Pinnacle Bank bought a new stake in shares of BlackRock during the first quarter valued at about $202,000. 80.33% of the stock is owned by institutional investors.
Shares of BlackRock, Inc. (BLK) opened at 416.55 on Friday. The firm has a market cap of $67.57 billion, a PE ratio of 19.99 and a beta of 1.71. BlackRock, Inc. has a 52 week low of $336.84 and a 52 week high of $442.84. The firm has a 50-day moving average of $428.07 and a 200-day moving average of $401.25.
BlackRock (NYSE:BLK) last posted its earnings results on Monday, July 17th. The asset manager reported $5.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.39 by $0.15. BlackRock had a return on equity of 11.74% and a net margin of 29.92%. The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the company earned $4.78 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. On average, analysts expect that BlackRock, Inc. will post $21.85 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Tuesday, September 5th will be given a dividend of $2.50 per share. The ex-dividend date is Thursday, August 31st. This represents a $10.00 annualized dividend and a yield of 2.40%. BlackRock’s payout ratio is currently 47.98%.
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BLK has been the subject of several research reports. BidaskClub raised shares of BlackRock from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Deutsche Bank AG reissued a “buy” rating and set a $441.00 price objective (down previously from $449.00) on shares of BlackRock in a research report on Saturday, April 22nd. Morgan Stanley reissued an “overweight” rating and set a $460.00 price objective (up previously from $422.00) on shares of BlackRock in a research report on Monday, July 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $440.00 price objective on shares of BlackRock in a research report on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of BlackRock from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $443.00.
In other BlackRock news, Director Susan Wagner sold 2,500 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $414.31, for a total transaction of $1,035,775.00. Following the sale, the director now directly owns 484,386 shares of the company’s stock, valued at $200,685,963.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeff A. Smith sold 250 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $434.87, for a total transaction of $108,717.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,772 shares of company stock valued at $1,567,516. 1.86% of the stock is owned by company insiders.
BlackRock Company Profile
BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.
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