Wintrust Investments LLC trimmed its holdings in BlackRock, Inc. (NYSE:BLK) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,922 shares of the asset manager’s stock after selling 147 shares during the period. Wintrust Investments LLC’s holdings in BlackRock were worth $3,431,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Moser Wealth Advisors LLC acquired a new stake in BlackRock during the second quarter worth about $26,000. Atlas Private Wealth Advisors increased its stake in BlackRock by 130.8% during the second quarter. Atlas Private Wealth Advisors now owns 30 shares of the asset manager’s stock worth $26,000 after acquiring an additional 17 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in BlackRock during the second quarter worth about $31,000. Cranbrook Wealth Management LLC increased its stake in BlackRock by 60.0% during the first quarter. Cranbrook Wealth Management LLC now owns 40 shares of the asset manager’s stock worth $30,000 after acquiring an additional 15 shares during the last quarter. Finally, Clean Yield Group acquired a new stake in shares of BlackRock in the second quarter worth $35,000. 78.13% of the stock is currently owned by institutional investors.
Shares of NYSE:BLK traded up $5.47 during midday trading on Wednesday, reaching $907.42. The company had a trading volume of 4,246 shares, compared to its average volume of 579,376. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s fifty day moving average price is $904.21 and its 200-day moving average price is $847.00. The stock has a market capitalization of $138.11 billion, a P/E ratio of 25.42, a PEG ratio of 2.40 and a beta of 1.15. BlackRock, Inc. has a one year low of $531.39 and a one year high of $959.89.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 22nd. Investors of record on Tuesday, September 7th will be paid a $4.13 dividend. The ex-dividend date of this dividend is Friday, September 3rd. This represents a $16.52 dividend on an annualized basis and a yield of 1.82%. BlackRock’s dividend payout ratio (DPR) is 48.85%.
A number of analysts recently weighed in on BLK shares. Jefferies Financial Group upped their price target on shares of BlackRock from $1,001.00 to $1,075.00 and gave the stock a “buy” rating in a research report on Tuesday, August 31st. Credit Suisse Group lowered their target price on BlackRock from $1,011.00 to $1,000.00 and set an “outperform” rating for the company in a research note on Thursday, July 15th. Deutsche Bank Aktiengesellschaft reduced their price target on BlackRock from $1,018.00 to $1,001.00 and set a “buy” rating on the stock in a research report on Thursday, July 15th. Argus increased their price objective on shares of BlackRock from $950.00 to $975.00 and gave the company a “buy” rating in a research report on Thursday, July 15th. Finally, BMO Capital Markets boosted their target price on shares of BlackRock from $773.00 to $803.00 and gave the stock a “market perform” rating in a research report on Thursday, July 15th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, BlackRock has a consensus rating of “Buy” and an average price target of $953.31.
In related news, Director Mark Wiedman sold 175 shares of the stock in a transaction dated Thursday, July 15th. The shares were sold at an average price of $884.50, for a total transaction of $154,787.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Christopher J. Meade sold 2,106 shares of the company’s stock in a transaction on Tuesday, July 20th. The stock was sold at an average price of $877.24, for a total value of $1,847,467.44. The disclosure for this sale can be found here. 1.16% of the stock is currently owned by company insiders.
BlackRock Company Profile
BlackRock, Inc engages in providing investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments. The company was founded by Ralph L.
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