Finally, Keel Point LLC increased its position in shares of BlackRock by 0.9% in the first quarter. But the asset manager had its first net outflows from Europe since the final quarter of 2015, with a net $8.9bn being pulled by clients in Europe, the Middle East and Africa during the three-month period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company.
BlackRock, Inc. has a 12 month low of $329.58 and a 12 month high of $442.83. The company has a 50-day moving average of $410.09 and a 200 day moving average of $390.31. BLK’s current price-earnings ratio amounts to 21.54 times earnings, below the average P/E ratio of 125.21 times earnings.
The company had reported first-quarter results that beat Wall Street’s estimates on April 19.
BlackRock Inc (NYSE:BLK), the world’s largest asset manager, reported second quarter earnings and revenue that missed analysts expectations on Monday. The margins are “subdued” during Aladdin’s implementation process, but increased utilization and subsequent revenues will shift Aladdin to the front of BlackRock’s operations.
The firm’s second-quarter assets under management rose 16% year over year to $5.689 trillion, topping analyst expectations. During the same quarter a year ago, the firm posted $4.25 EPS.
The company also recently announced a dividend for shareholders which was paid on Friday June 23rd, 2017. Investors of record on Monday, June 5th were given a $2.50 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $10.00 annualized dividend and a dividend yield of 2.28%. BlackRock’s dividend payout ratio (DPR) is now 49.14%.
Hartland & Co. LLC bought a new position in BlackRock, Inc. “(NYSE:BLK)” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & global trademark & copyright law. Bank of America Corporation reaffirmed a “buy” rating and issued a $450.00 price objective on shares of BlackRock in a research note on Monday, June 19th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $440.00 price target on shares of BlackRock in a report on Friday. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “buy” rating and set a $480.00 price target on the stock in a report on Tuesday, June 20th. Deutsche Bank AG restated a “buy” rating and set a $441.00 price objective (down from $449.00) on shares of BlackRock in a research report on Saturday, April 22nd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. BlackRock presently has an average rating of “Buy” and a consensus price target of $428.36.
BlackRock’s stock has risen 15% while the S&P 500 has risen 9.8% respectively. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
In other BlackRock news, Director Susan Wagner sold 2,500 shares of the business’s stock in a transaction on Friday, June 2nd. The company’s stock has a normal trading capacity of 583.52K shares while the relative volume is 1.31. Following the completion of the sale, the director now directly owns 484,386 shares in the company, valued at $200,685,963.66. Corporate insiders own 1.86% of the company’s stock.
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