BlackRock, Inc. (NYSE:BLK) Director Jeff A. Smith sold 2,250 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $415.78, for a total value of $935,505.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NYSE:BLK opened at $411.76 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.07 and a current ratio of 3.07. BlackRock, Inc. has a one year low of $360.79 and a one year high of $578.80. The stock has a market capitalization of $64.94 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, January 16th. The asset manager reported $6.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.35 by ($0.27). BlackRock had a return on equity of 13.53% and a net margin of 30.32%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter last year, the firm posted $6.24 EPS. The company’s revenue was down 8.8% compared to the same quarter last year. As a group, equities research analysts predict that BlackRock, Inc. will post 25.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Investors of record on Wednesday, March 6th will be paid a $3.30 dividend. This is a boost from BlackRock’s previous quarterly dividend of $3.13. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $13.20 annualized dividend and a dividend yield of 3.21%. BlackRock’s payout ratio is 46.49%.

A number of brokerages have commented on BLK. ValuEngine cut BlackRock from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Wells Fargo & Co restated a “hold” rating and set a $425.00 price objective (up previously from $410.00) on shares of BlackRock in a research note on Wednesday, January 16th. Argus restated a “buy” rating on shares of BlackRock in a research note on Thursday, January 17th. Credit Suisse Group restated a “buy” rating and set a $532.00 price objective on shares of BlackRock in a research note on Thursday, January 17th. Finally, Morgan Stanley set a $515.00 price objective on BlackRock and gave the stock a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $503.03.

Several large investors have recently added to or reduced their stakes in BLK. Capital World Investors raised its stake in BlackRock by 1.8% during the third quarter. Capital World Investors now owns 8,353,670 shares of the asset manager’s stock valued at $3,937,335,000 after buying an additional 148,805 shares in the last quarter. Rehmann Capital Advisory Group grew its holdings in shares of BlackRock by 51,763.3% during the third quarter. Rehmann Capital Advisory Group now owns 1,084,461 shares of the asset manager’s stock valued at $2,300,000 after purchasing an additional 1,082,370 shares during the last quarter. Capital International Investors bought a new position in shares of BlackRock during the third quarter valued at approximately $477,939,000. Franklin Resources Inc. grew its holdings in shares of BlackRock by 0.5% during the third quarter. Franklin Resources Inc. now owns 741,134 shares of the asset manager’s stock valued at $349,319,000 after purchasing an additional 3,976 shares during the last quarter. Finally, Flossbach Von Storch AG grew its holdings in shares of BlackRock by 114.1% during the fourth quarter. Flossbach Von Storch AG now owns 582,743 shares of the asset manager’s stock valued at $228,913,000 after purchasing an additional 310,623 shares during the last quarter. Institutional investors and hedge funds own 82.17% of the company’s stock.

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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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