Wunderlich Capital Managemnt Sells 70 Shares of BlackRock, Inc. (BLK)
Wunderlich Capital Managemnt lowered its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,327 shares of the asset manager’s stock after selling 70 shares during the quarter. BlackRock accounts for 1.7% of Wunderlich Capital Managemnt’s investment portfolio, making the stock its 7th largest holding. Wunderlich Capital Managemnt’s holdings in BlackRock were worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. grew its holdings in BlackRock by 14.3% during the second quarter. Salem Investment Counselors Inc. now owns 240 shares of the asset manager’s stock worth $101,000 after buying an additional 30 shares in the last quarter. Enterprise Financial Services Corp grew its holdings in BlackRock by 52.5% during the second quarter. Enterprise Financial Services Corp now owns 247 shares of the asset manager’s stock worth $104,000 after buying an additional 85 shares in the last quarter. Penserra Capital Management LLC bought a new stake in BlackRock during the second quarter worth $104,000. Proficio Capital Partners LLC grew its holdings in BlackRock by 48.9% during the first quarter. Proficio Capital Partners LLC now owns 259 shares of the asset manager’s stock worth $103,000 after buying an additional 85 shares in the last quarter. Finally, Harfst & Associates Inc. grew its holdings in BlackRock by 17.3% during the second quarter. Harfst & Associates Inc. now owns 265 shares of the asset manager’s stock worth $111,000 after buying an additional 39 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.
Shares of BlackRock, Inc. (NYSE BLK) traded down 0.36% on Friday, hitting $478.86. The stock had a trading volume of 211,119 shares. BlackRock, Inc. has a 12 month low of $336.84 and a 12 month high of $485.23. The stock has a market cap of $77.67 billion, a PE ratio of 22.43 and a beta of 1.72. The stock has a 50 day moving average of $435.54 and a 200-day moving average of $414.91.
BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, October 11th. The asset manager reported $5.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.49 by $0.43. BlackRock had a return on equity of 12.09% and a net margin of 29.52%. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned $5.14 earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. Equities research analysts anticipate that BlackRock, Inc. will post $22.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Tuesday, September 5th were given a $2.50 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $10.00 annualized dividend and a dividend yield of 2.08%. BlackRock’s payout ratio is 46.82%.
Several equities research analysts recently issued reports on the company. Wells Fargo & Company reiterated a “market perform” rating and set a $475.00 price target (up previously from $450.00) on shares of BlackRock in a report on Thursday. J P Morgan Chase & Co upped their price objective on BlackRock to $558.00 and gave the company an “overweight” rating in a research note on Thursday. Jefferies Group LLC restated a “hold” rating and issued a $465.00 price objective on shares of BlackRock in a research note on Thursday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $500.00 price objective on shares of BlackRock in a research note on Thursday. Finally, Credit Suisse Group restated an “outperform” rating on shares of BlackRock in a research note on Thursday. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. BlackRock currently has a consensus rating of “Buy” and a consensus price target of $478.50.
In other news, insider Robert W. Fairbairn sold 3,675 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $415.31, for a total value of $1,526,264.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeff A. Smith sold 250 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $434.87, for a total value of $108,717.50. The disclosure for this sale can be found here. Insiders sold 4,447 shares of company stock worth $1,855,015 over the last 90 days. Company insiders own 1.86% of the company’s stock.
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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