BlackRock $BLK Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its stake in BlackRock (NYSE:BLK) by 4.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 111,537 shares of the asset manager’s stock after purchasing an additional 4,975 shares during the period. Mackenzie Financial Corp owned 0.07% of BlackRock worth $117,030,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BLK. Game Plan Financial Advisors LLC raised its stake in BlackRock by 100.0% during the first quarter. Game Plan Financial Advisors LLC now owns 30 shares of the asset manager’s stock valued at $28,000 after buying an additional 15 shares in the last quarter. Garde Capital Inc. grew its position in shares of BlackRock by 200.0% in the 2nd quarter. Garde Capital Inc. now owns 27 shares of the asset manager’s stock worth $28,000 after acquiring an additional 18 shares in the last quarter. Traub Capital Management LLC bought a new stake in shares of BlackRock in the 2nd quarter valued at approximately $28,000. Cheviot Value Management LLC acquired a new stake in shares of BlackRock during the 1st quarter valued at approximately $30,000. Finally, Whipplewood Advisors LLC raised its position in shares of BlackRock by 107.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 29 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 15 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of BlackRock from $1,215.00 to $1,300.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Bank of America raised their price target on shares of BlackRock from $1,394.00 to $1,456.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. The Goldman Sachs Group lowered their price objective on shares of BlackRock from $1,372.00 to $1,313.00 and set a “buy” rating for the company in a research report on Tuesday, November 25th. BNP Paribas Exane increased their price objective on shares of BlackRock from $1,160.00 to $1,265.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Zacks Research downgraded BlackRock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 14th. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,302.59.

Insider Buying and Selling

In related news, Director Rachel Lord sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $1,165.04, for a total value of $13,980,480.00. Following the completion of the transaction, the director owned 7,205 shares of the company’s stock, valued at approximately $8,394,113.20. This trade represents a 62.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.98% of the company’s stock.

BlackRock Stock Performance

BLK opened at $1,048.41 on Friday. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The business’s 50 day moving average is $1,107.94 and its 200-day moving average is $1,081.78. The company has a current ratio of 4.04, a quick ratio of 4.04 and a debt-to-equity ratio of 0.39. The stock has a market cap of $162.66 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.90 and a beta of 1.48.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Tuesday, October 14th. The asset manager reported $11.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $11.78 by ($0.23). BlackRock had a return on equity of 15.36% and a net margin of 26.64%.The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $6.22 billion. During the same quarter in the previous year, the firm posted $11.46 EPS. BlackRock’s quarterly revenue was up 25.2% on a year-over-year basis. On average, analysts predict that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Friday, December 5th will be given a $5.21 dividend. This represents a $20.84 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, December 5th. BlackRock’s dividend payout ratio is 53.59%.

BlackRock 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.