Windward Capital Management Co. CA lifted its position in BlackRock, Inc. (NYSE:BLK) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 47,131 shares of the asset manager’s stock after purchasing an additional 446 shares during the quarter. BlackRock accounts for approximately 3.6% of Windward Capital Management Co. CA’s holdings, making the stock its 7th biggest holding. Windward Capital Management Co. CA’s holdings in BlackRock were worth $24,212,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Salem Investment Counselors Inc. grew its holdings in shares of BlackRock by 14.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 240 shares of the asset manager’s stock worth $101,000 after purchasing an additional 30 shares during the last quarter. Invictus RG bought a new stake in BlackRock during the 3rd quarter worth about $110,000. Harfst & Associates Inc. grew its holdings in BlackRock by 17.3% during the 2nd quarter. Harfst & Associates Inc. now owns 265 shares of the asset manager’s stock worth $111,000 after acquiring an additional 39 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in BlackRock by 133.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 280 shares of the asset manager’s stock worth $118,000 after acquiring an additional 160 shares during the last quarter. Finally, Kings Point Capital Management grew its holdings in BlackRock by 8.1% during the 2nd quarter. Kings Point Capital Management now owns 295 shares of the asset manager’s stock worth $125,000 after acquiring an additional 22 shares during the last quarter. 83.27% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have commented on BLK. Citigroup lowered shares of BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 price objective on the stock. in a report on Thursday, January 25th. Wells Fargo & Co reissued a “market perform” rating and set a $475.00 price objective (up previously from $450.00) on shares of BlackRock in a report on Thursday, October 12th. Jefferies Group reissued a “hold” rating and set a $465.00 price objective on shares of BlackRock in a report on Thursday, October 12th. Argus reissued a “buy” rating and set a $620.00 price objective (up previously from $520.00) on shares of BlackRock in a report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $500.00 price objective on shares of BlackRock in a report on Thursday, October 12th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $547.92.
BlackRock (NYSE:BLK) last issued its 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. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter last year, the firm earned $5.14 EPS. equities research analysts expect that BlackRock, Inc. will post 28.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be paid a $2.88 dividend. This represents a $11.52 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s dividend payout ratio (DPR) is 33.00%.
In related news, Director Susan Wagner sold 4,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $506.10, for a total value of $2,024,400.00. Following the sale, the director now directly owns 481,915 shares in the company, valued at approximately $243,897,181.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Deryck C. Maughan purchased 3,861 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The stock was purchased at an average price of $573.44 per share, for a total transaction of $2,214,051.84. Following the completion of the transaction, the director now directly owns 12,265 shares in the company, valued at $7,033,241.60. The disclosure for this purchase can be found here. Insiders sold a total of 4,525 shares of company stock worth $2,312,687 over the last quarter. 1.86% of the stock is currently owned by corporate insiders.
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.
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