Vantage Investment Advisors LLC grew its position in BlackRock, Inc. (NYSE:BLK) by 54,769.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,133 shares of the asset manager’s stock after purchasing an additional 7,120 shares during the period. Vantage Investment Advisors LLC’s holdings in BlackRock were worth $3,864,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of BLK. Bamco Inc. NY acquired a new position in BlackRock in the 1st quarter worth about $106,000. Princeton Capital Management LLC acquired a new position in BlackRock in the 1st quarter worth about $115,000. Bray Capital Advisors acquired a new position in BlackRock in the 1st quarter worth about $128,000. O Shaughnessy Asset Management LLC acquired a new position in BlackRock in the 1st quarter worth about $139,000. Finally, Assetmark Inc. increased its position in BlackRock by 57.1% in the 4th quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock worth $143,000 after purchasing an additional 101 shares during the last quarter. 83.36% of the stock is currently owned by institutional investors.
In related news, COO Robert L. Goldstein sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $558.00, for a total transaction of $2,790,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William E. Ford bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The shares were acquired at an average price of $530.95 per share, with a total value of $530,950.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 6,066 shares of company stock valued at $3,348,514. 1.86% of the stock is owned by corporate insiders.
BLK has been the topic of several research reports. Credit Suisse Group upped their target price on BlackRock from $678.00 to $682.00 and gave the stock an “outperform” rating in a research report on Friday, April 13th. Zacks Investment Research raised BlackRock from a “sell” rating to a “hold” rating in a research report on Thursday, March 29th. ValuEngine lowered BlackRock from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Deutsche Bank decreased their price target on BlackRock to $623.00 and set a “buy” rating for the company in a research note on Tuesday, March 6th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $640.00 price target on shares of BlackRock in a research note on Wednesday, March 14th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $566.62.
BLK opened at $539.61 on Friday. The stock has a market cap of $86.62 billion, a PE ratio of 22.44, a P/E/G ratio of 1.63 and a beta of 1.67. BlackRock, Inc. has a 52-week low of $403.12 and a 52-week high of $594.52. The company has a quick ratio of 3.96, a current ratio of 3.96 and a debt-to-equity ratio of 1.02.
BlackRock (NYSE:BLK) last released its quarterly earnings results on Thursday, April 12th. The asset manager reported $6.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.39 by $0.31. BlackRock had a return on equity of 12.76% and a net margin of 39.22%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the company posted $5.25 EPS. The firm’s revenue was up 15.9% on a year-over-year basis. equities research analysts forecast that BlackRock, Inc. will post 28.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 21st. Investors of record on Thursday, June 7th will be paid a dividend of $2.88 per share. The ex-dividend date is Wednesday, June 6th. This represents a $11.52 annualized dividend and a yield of 2.13%. BlackRock’s payout ratio is 50.97%.
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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