Flinton Capital Management LLC raised its position in BlackRock, Inc. (NYSE:BLK) by 25.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,712 shares of the asset manager’s stock after purchasing an additional 352 shares during the period. Flinton Capital Management LLC’s holdings in BlackRock were worth $879,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Invictus RG acquired a new position in shares of BlackRock in the third quarter valued at approximately $110,000. Sumitomo Mitsui Financial Group Inc. boosted its holdings in shares of BlackRock by 1,119.2% in the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 317 shares of the asset manager’s stock valued at $141,000 after buying an additional 291 shares during the period. Assetmark Inc. boosted its holdings in shares of BlackRock by 57.1% in the fourth quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock valued at $143,000 after buying an additional 101 shares during the period. Oakworth Capital Inc. boosted its holdings in shares of BlackRock by 67.6% in the fourth quarter. Oakworth Capital Inc. now owns 305 shares of the asset manager’s stock valued at $153,000 after buying an additional 123 shares during the period. Finally, Manchester Capital Management LLC acquired a new position in shares of BlackRock in the third quarter valued at approximately $156,000. 84.74% of the stock is owned by hedge funds and other institutional investors.
BlackRock stock opened at $563.66 on Monday. BlackRock, Inc. has a 1-year low of $368.00 and a 1-year high of $594.52. The company has a market cap of $90,590.30, a price-to-earnings ratio of 24.89, a P/E/G ratio of 1.52 and a beta of 1.71. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.93.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be issued a dividend of $2.88 per share. This is a boost from BlackRock’s previous quarterly dividend of $2.50. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $11.52 annualized dividend and a yield of 2.04%. BlackRock’s dividend payout ratio is presently 38.02%.
In related news, Director Jeff A. Smith sold 2,500 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $526.93, for a total transaction of $1,317,325.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Mccombe sold 2,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $520.64, for a total transaction of $1,041,280.00. The disclosure for this sale can be found here. Insiders have sold 20,961 shares of company stock valued at $11,375,444 in the last 90 days. 1.86% of the stock is currently owned by corporate insiders.
Several research firms have recently weighed in on BLK. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $640.00 price target on shares of BlackRock in a report on Wednesday, March 14th. Zacks Investment Research cut shares of BlackRock from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. ValuEngine cut shares of BlackRock from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Deutsche Bank reduced their price target on shares of BlackRock to $623.00 and set a “buy” rating for the company in a report on Tuesday, March 6th. Finally, Argus reiterated a “buy” rating and issued a $620.00 price target (up previously from $520.00) on shares of BlackRock in a report on Tuesday, January 16th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. BlackRock has a consensus rating of “Buy” and an average target price of $567.15.
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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