Dynamic Technology Lab Private Ltd purchased a new stake in BlackRock, Inc. (NYSE:BLK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,029 shares of the asset manager’s stock, valued at approximately $857,000.

Other institutional investors also recently modified their holdings of the company. Everett Harris & Co. CA increased its holdings in shares of BlackRock by 9.2% in the second quarter. Everett Harris & Co. CA now owns 100,143 shares of the asset manager’s stock valued at $42,301,000 after purchasing an additional 8,478 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of BlackRock by 19.1% in the first quarter. Stifel Financial Corp now owns 170,590 shares of the asset manager’s stock valued at $65,487,000 after purchasing an additional 27,321 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of BlackRock by 48.9% in the second quarter. Canada Pension Plan Investment Board now owns 101,703 shares of the asset manager’s stock valued at $42,960,000 after purchasing an additional 33,400 shares in the last quarter. Blue Chip Partners Inc. increased its holdings in shares of BlackRock by 8.5% in the second quarter. Blue Chip Partners Inc. now owns 13,440 shares of the asset manager’s stock valued at $5,677,000 after purchasing an additional 1,055 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of BlackRock by 35.1% in the first quarter. KBC Group NV now owns 50,282 shares of the asset manager’s stock valued at $19,284,000 after purchasing an additional 13,065 shares in the last quarter. 82.47% of the stock is owned by institutional investors and hedge funds.

BLK has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $440.00 price target on shares of BlackRock in a report on Friday, July 14th. Goldman Sachs Group, Inc. (The) raised shares of BlackRock from a “neutral” rating to a “buy” rating and raised their price target for the company from $440.00 to $500.00 in a report on Thursday, September 28th. Wells Fargo & Company reissued a “market perform” rating and issued a $475.00 price target (up previously from $450.00) on shares of BlackRock in a report on Thursday, October 12th. Bank of America Corporation reissued a “buy” rating and issued a $450.00 price target on shares of BlackRock in a report on Monday, June 19th. Finally, Barclays PLC initiated coverage on shares of BlackRock in a report on Friday, September 8th. They issued an “overweight” rating and a $475.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $478.50.

In other news, insider Robert W. Fairbairn sold 3,675 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $415.31, for a total transaction of $1,526,264.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jeff A. Smith sold 250 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $434.87, for a total transaction of $108,717.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,025 shares of company stock valued at $2,162,130. Corporate insiders own 1.86% of the company’s stock.

Shares of BlackRock, Inc. (NYSE BLK) traded down 0.37% during trading on Tuesday, reaching $476.21. 98,945 shares of the company’s stock were exchanged. BlackRock, Inc. has a 52-week low of $336.84 and a 52-week high of $485.23. The stock has a market cap of $76.95 billion, a PE ratio of 22.31 and a beta of 1.72. The stock’s 50 day moving average price is $437.85 and its 200-day moving average price is $416.14.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.49 by $0.43. BlackRock had a net margin of 29.52% and a return on equity of 12.09%. The firm had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the prior year, the company posted $5.14 EPS. The company’s revenue was up 14.0% on a year-over-year basis. On average, equities research analysts forecast that BlackRock, Inc. will post $22.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Tuesday, September 5th were given a $2.50 dividend. This represents a $10.00 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, August 31st. BlackRock’s dividend payout ratio (DPR) is currently 46.82%.

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BlackRock Profile

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.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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