BlackRock, Inc. (NYSE:BLK) Director Jeff A. Smith sold 2,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $526.93, for a total transaction of $1,317,325.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Jeff A. Smith also recently made the following trade(s):

  • On Wednesday, February 7th, Jeff A. Smith sold 1,250 shares of BlackRock stock. The stock was sold at an average price of $536.57, for a total transaction of $670,712.50.
  • On Tuesday, January 16th, Jeff A. Smith sold 425 shares of BlackRock stock. The stock was sold at an average price of $565.96, for a total transaction of $240,533.00.

BlackRock, Inc. (BLK) opened at $521.27 on Wednesday. BlackRock, Inc. has a 1-year low of $368.00 and a 1-year high of $594.52. The stock has a market cap of $84,610.35, a PE ratio of 17.20, a P/E/G ratio of 1.41 and a beta of 1.76. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.94 by $0.30. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. The firm had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period last year, the firm posted $5.14 EPS. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. equities analysts predict that BlackRock, Inc. will post 28.52 earnings per share for the current fiscal year.

The company also recently declared 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 an increase from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, March 6th. BlackRock’s dividend payout ratio (DPR) is currently 33.00%.

A number of equities analysts have recently commented on BLK shares. Jefferies Group raised their price objective on shares of BlackRock to $565.00 and gave the stock a “hold” rating in a report on Monday, January 15th. Credit Suisse Group reaffirmed a “buy” rating and set a $680.00 price objective on shares of BlackRock in a report on Friday, January 12th. Citigroup raised their price objective on shares of BlackRock to $625.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research downgraded shares of BlackRock from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $555.00 price objective (up from $535.00) on shares of BlackRock in a report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $547.92.

Hedge funds have recently made changes to their positions in the stock. Invictus RG bought a new position in BlackRock during the 3rd quarter valued at about $110,000. Sumitomo Mitsui Financial Group Inc. increased its position in BlackRock by 1,119.2% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 317 shares of the asset manager’s stock valued at $141,000 after acquiring an additional 291 shares in the last quarter. 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 valued at $143,000 after acquiring an additional 101 shares in the last quarter. Oakworth Capital Inc. increased its position in BlackRock by 67.6% in the 4th quarter. Oakworth Capital Inc. now owns 305 shares of the asset manager’s stock valued at $153,000 after acquiring an additional 123 shares in the last quarter. Finally, Manchester Capital Management LLC acquired a new stake in BlackRock in the 3rd quarter valued at about $156,000. 83.15% of the stock is owned by hedge funds and other institutional investors.

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About BlackRock

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.

Insider Buying and Selling by Quarter for BlackRock (NYSE:BLK)

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