BlackRock, Inc. (NYSE:BLK) Director J. Richard Kushel sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $446.74, for a total value of $893,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of NYSE BLK opened at $445.04 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.92 and a quick ratio of 2.92. The stock has a fifty day moving average price of $433.46 and a 200 day moving average price of $447.33. BlackRock, Inc. has a 1-year low of $360.79 and a 1-year high of $487.45. The company has a market cap of $69.66 billion, a PE ratio of 16.53, a P/E/G ratio of 1.56 and a beta of 1.54.
BlackRock (NYSE:BLK) last issued its quarterly earnings results on Tuesday, October 15th. The asset manager reported $7.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $6.95 by $0.20. BlackRock had a return on equity of 13.00% and a net margin of 29.31%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the company earned $7.52 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts anticipate that BlackRock, Inc. will post 27.54 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the business. Buckingham Capital Management Inc. increased its stake in BlackRock by 1.6% in the 1st quarter. Buckingham Capital Management Inc. now owns 16,412 shares of the asset manager’s stock worth $7,014,000 after buying an additional 259 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in BlackRock by 27.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 280,508 shares of the asset manager’s stock worth $119,883,000 after buying an additional 60,236 shares during the period. Marshall Wace LLP purchased a new position in BlackRock in the 1st quarter worth about $2,700,000. Marshall Wace North America L.P. purchased a new position in BlackRock in the 1st quarter worth about $1,433,000. Finally, Cerebellum GP LLC purchased a new position in BlackRock during the 1st quarter valued at about $318,000. 81.84% of the stock is owned by institutional investors.
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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