BlackRock $BLK Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its stake in shares of BlackRock (NYSE:BLKFree Report) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,398 shares of the asset manager’s stock after selling 4,234 shares during the period. Boston Trust Walden Corp’s holdings in BlackRock were worth $40,104,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Westerkirk Capital Inc. acquired a new position in shares of BlackRock during the second quarter valued at $2,877,000. Police & Firemen s Retirement System of New Jersey boosted its stake in BlackRock by 7.9% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 23,167 shares of the asset manager’s stock valued at $24,308,000 after purchasing an additional 1,693 shares during the period. California Public Employees Retirement System boosted its stake in BlackRock by 8.2% during the 2nd quarter. California Public Employees Retirement System now owns 256,937 shares of the asset manager’s stock valued at $269,591,000 after purchasing an additional 19,404 shares during the period. Wealthfront Advisers LLC grew its position in BlackRock by 12.2% in the 2nd quarter. Wealthfront Advisers LLC now owns 20,020 shares of the asset manager’s stock worth $21,006,000 after purchasing an additional 2,176 shares during the last quarter. Finally, Merit Financial Group LLC increased its stake in shares of BlackRock by 8.2% in the second quarter. Merit Financial Group LLC now owns 14,110 shares of the asset manager’s stock valued at $14,805,000 after purchasing an additional 1,064 shares during the period. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Key Headlines Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

Insider Buying and Selling at BlackRock

In other BlackRock news, Director Rachel Lord sold 12,000 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $1,165.04, for a total transaction of $13,980,480.00. Following the sale, the director owned 7,205 shares in the company, valued at approximately $8,394,113.20. The trade was a 62.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Small sold 1,258 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $1,043.38, for a total transaction of $1,312,572.04. Following the sale, the chief financial officer directly owned 6,209 shares of the company’s stock, valued at $6,478,346.42. This represents a 16.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.98% of the company’s stock.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,087.07 on Tuesday. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average of $1,072.41 and a two-hundred day moving average of $1,096.36. The company has a market capitalization of $168.66 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 1.72 and a beta of 1.47.

BlackRock (NYSE:BLKGet Free Report) last released its earnings results on Tuesday, October 14th. The asset manager reported $11.55 EPS for the quarter, missing analysts’ consensus estimates of $11.78 by ($0.23). The business had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $6.22 billion. BlackRock had a return on equity of 14.80% and a net margin of 26.64%.The firm’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $11.46 earnings per share. As a group, analysts expect that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Friday, December 5th were given a dividend of $5.21 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.9%. BlackRock’s payout ratio is 53.59%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BLK shares. TD Cowen increased their price objective on BlackRock from $1,301.00 to $1,407.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Cowen reiterated a “buy” rating on shares of BlackRock in a research report on Wednesday, October 15th. Jefferies Financial Group increased their price target on BlackRock from $1,196.00 to $1,325.00 and gave the stock a “buy” rating in a research note on Tuesday, October 7th. Citigroup lifted their price objective on shares of BlackRock from $1,200.00 to $1,350.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Finally, Loop Capital set a $1,255.00 target price on shares of BlackRock in a research report on Tuesday, October 21st. Seventeen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $1,316.18.

View Our Latest Report on BlackRock

BlackRock Company Profile

(Free Report)

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

See Also

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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