Sei Investments Co. lessened its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 4.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 26,877 shares of the asset manager’s stock after selling 1,114 shares during the period. Sei Investments Co.’s holdings in BlackRock were worth $13,807,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Somerset Trust Co grew its holdings in shares of BlackRock by 2.7% during the fourth quarter. Somerset Trust Co now owns 3,449 shares of the asset manager’s stock worth $1,772,000 after purchasing an additional 90 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in shares of BlackRock by 10.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 960 shares of the asset manager’s stock worth $493,000 after purchasing an additional 93 shares during the last quarter. Naples Global Advisors LLC grew its holdings in shares of BlackRock by 1.7% during the fourth quarter. Naples Global Advisors LLC now owns 5,495 shares of the asset manager’s stock worth $2,823,000 after purchasing an additional 93 shares during the last quarter. Lau Associates LLC grew its holdings in shares of BlackRock by 10.3% during the fourth quarter. Lau Associates LLC now owns 1,026 shares of the asset manager’s stock worth $527,000 after purchasing an additional 96 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its holdings in shares of BlackRock by 8.8% during the third quarter. Bradley Foster & Sargent Inc. CT now owns 1,342 shares of the asset manager’s stock worth $600,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 82.37% of the company’s stock.
BlackRock, Inc. (NYSE BLK) opened at $543.56 on Thursday. The stock has a market capitalization of $87,383.55, a PE ratio of 23.96, a P/E/G ratio of 1.46 and a beta of 1.76. BlackRock, Inc. has a 1-year low of $368.00 and a 1-year high of $594.52. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.09.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be issued a $2.88 dividend. This is a boost from BlackRock’s previous quarterly dividend of $2.50. The ex-dividend date is Tuesday, March 6th. This represents a $11.52 annualized dividend and a yield of 2.12%. BlackRock’s dividend payout ratio (DPR) is currently 33.00%.
In other BlackRock news, Director Susan Wagner sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the transaction, the director now owns 481,915 shares in the company, valued at $243,897,181.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ryan Stork sold 7,136 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $543.50, for a total value of $3,878,416.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,311 shares of company stock worth $10,255,887. 1.86% of the stock is owned by company insiders.
Several analysts have recently commented on BLK shares. Citigroup cut BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 target price on the stock. in a report on Thursday, January 25th. Argus restated a “buy” rating and set a $620.00 target price (up previously from $520.00) on shares of BlackRock in a report on Tuesday, January 16th. Credit Suisse Group restated a “buy” rating and set a $680.00 target price on shares of BlackRock in a report on Friday, January 12th. Zacks Investment Research cut BlackRock from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $555.00 price target (up previously from $535.00) on shares of BlackRock in a report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $547.92.
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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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