Ryan Stork Sells 7,136 Shares of BlackRock, Inc. (BLK) Stock

BlackRock, Inc. (NYSE:BLK) Director Ryan Stork sold 7,136 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $543.50, for a total transaction of $3,878,416.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BlackRock, Inc. (NYSE BLK) traded up $1.27 during midday trading on Thursday, hitting $544.83. 115,762 shares of the stock were exchanged, compared to its average volume of 692,168. BlackRock, Inc. has a 52 week low of $368.00 and a 52 week high of $594.52. The firm has a market capitalization of $87,383.55, a P/E ratio of 23.96, a price-to-earnings-growth ratio of 1.46 and a beta of 1.76. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, January 12th. The asset manager reported $6.24 EPS for the quarter, beating the consensus estimate of $5.94 by $0.30. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the business earned $5.14 earnings per share. The company’s revenue was up 20.0% on a year-over-year basis. research analysts predict that BlackRock, Inc. will post 28.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Wednesday, March 7th will be given a dividend of $2.88 per share. This is an increase from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 annualized dividend and a yield of 2.11%. The ex-dividend date is Tuesday, March 6th. BlackRock’s payout ratio is currently 33.00%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Somerset Trust Co raised its position in BlackRock by 2.7% during the fourth quarter. Somerset Trust Co now owns 3,449 shares of the asset manager’s stock valued at $1,772,000 after purchasing an additional 90 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in BlackRock by 10.7% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 960 shares of the asset manager’s stock valued at $493,000 after purchasing an additional 93 shares in the last quarter. Naples Global Advisors LLC raised its position in BlackRock by 1.7% during the fourth quarter. Naples Global Advisors LLC now owns 5,495 shares of the asset manager’s stock valued at $2,823,000 after purchasing an additional 93 shares in the last quarter. Lau Associates LLC raised its position in BlackRock by 10.3% during the fourth quarter. Lau Associates LLC now owns 1,026 shares of the asset manager’s stock valued at $527,000 after purchasing an additional 96 shares in the last quarter. Finally, Assetmark Inc. raised its position in BlackRock by 57.1% during the fourth quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock valued at $143,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 82.37% of the company’s stock.

BLK has been the subject of several research reports. Credit Suisse Group restated a “buy” rating and set a $680.00 price objective on shares of BlackRock in a research report on Friday, January 12th. Argus reiterated a “buy” rating and issued a $620.00 price target (up from $520.00) on shares of BlackRock in a research report on Tuesday, January 16th. Citigroup lifted their price target on shares of BlackRock to $625.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. Jefferies Group lifted their price target on shares of BlackRock to $565.00 and gave the company a “hold” rating in a research report on Monday, January 15th. Finally, Zacks Investment Research downgraded shares of BlackRock from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. BlackRock has a consensus rating of “Buy” and a consensus price target of $547.92.

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About BlackRock

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.

Insider Buying and Selling by Quarter for BlackRock (NYSE:BLK)

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