Vident Investment Advisory LLC increased its holdings in shares of BlackRock, Inc. (NYSE:BLK – Get Rating) by 9.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,174 shares of the asset manager’s stock after purchasing an additional 933 shares during the period. Vident Investment Advisory LLC’s holdings in BlackRock were worth $8,543,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BLK. Norges Bank bought a new position in shares of BlackRock during the fourth quarter valued at approximately $1,230,851,000. Aaron Wealth Advisors LLC boosted its stake in BlackRock by 79,395.4% in the first quarter. Aaron Wealth Advisors LLC now owns 670,941 shares of the asset manager’s stock valued at $878,000 after acquiring an additional 670,097 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in BlackRock by 15.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,326,618 shares of the asset manager’s stock valued at $1,777,933,000 after acquiring an additional 310,256 shares in the last quarter. Vanguard Group Inc. boosted its stake in BlackRock by 2.2% in the first quarter. Vanguard Group Inc. now owns 12,511,310 shares of the asset manager’s stock valued at $9,560,768,000 after acquiring an additional 275,176 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of BlackRock in the 1st quarter worth $187,527,000. 76.88% of the stock is currently owned by institutional investors.
Insider Transactions at BlackRock
In related news, President Robert Kapito sold 37,588 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $632.88, for a total value of $23,788,693.44. Following the completion of the transaction, the president now owns 226,680 shares of the company’s stock, valued at approximately $143,461,238.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other BlackRock news, Director Mark Mccombe sold 1,360 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $739.79, for a total transaction of $1,006,114.40. Following the completion of the transaction, the director now owns 21,106 shares of the company’s stock, valued at $15,614,007.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Robert Kapito sold 37,588 shares of the stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $632.88, for a total value of $23,788,693.44. Following the transaction, the president now directly owns 226,680 shares of the company’s stock, valued at approximately $143,461,238.40. The disclosure for this sale can be found here. Insiders have sold 83,448 shares of company stock worth $55,259,953 over the last quarter. 1.06% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
BlackRock Stock Up 0.5 %
BlackRock stock opened at $695.46 on Friday. BlackRock, Inc. has a fifty-two week low of $575.60 and a fifty-two week high of $973.16. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.64 and a current ratio of 3.64. The company has a market cap of $104.85 billion, a PE ratio of 18.34, a PEG ratio of 3.63 and a beta of 1.23. The business’s 50-day simple moving average is $667.73 and its two-hundred day simple moving average is $671.04.
BlackRock (NYSE:BLK – Get Rating) last issued its earnings results on Friday, July 15th. The asset manager reported $7.36 EPS for the quarter, missing analysts’ consensus estimates of $7.94 by ($0.58). BlackRock had a return on equity of 15.74% and a net margin of 30.12%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $4.53 billion. During the same quarter in the previous year, the company earned $10.03 EPS. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. Equities analysts anticipate that BlackRock, Inc. will post 33.92 EPS for the current year.
BlackRock Increases Dividend
The business also recently announced a dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Wednesday, September 7th will be paid a $4.88 dividend. This is an increase from BlackRock’s previous dividend of $2.29. The ex-dividend date is Tuesday, September 6th. BlackRock’s dividend payout ratio is presently 51.46%.
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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