BlackRock $BLK Shares Bought by Rockland Trust Co.

Rockland Trust Co. grew its position in BlackRock (NYSE:BLK) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,758 shares of the asset manager’s stock after acquiring an additional 1,063 shares during the period. BlackRock accounts for 1.4% of Rockland Trust Co.’s portfolio, making the stock its 21st largest holding. Rockland Trust Co.’s holdings in BlackRock were worth $35,726,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BLK. Santa Clara Valley Transportation Authority bought a new stake in shares of BlackRock during the second quarter worth $129,138,253,000. BlackRock Inc. acquired a new position in BlackRock during the 2nd quarter worth about $9,747,857,000. State Street Corp lifted its position in BlackRock by 0.5% during the 4th quarter. State Street Corp now owns 6,264,545 shares of the asset manager’s stock worth $6,705,193,000 after buying an additional 33,752 shares in the last quarter. Corient Private Wealth LLC grew its holdings in BlackRock by 5,190.3% during the 4th quarter. Corient Private Wealth LLC now owns 5,490,422 shares of the asset manager’s stock worth $5,876,618,000 after acquiring an additional 5,386,640 shares during the last quarter. Finally, Temasek Holdings Private Ltd increased its position in BlackRock by 4.7% in the 1st quarter. Temasek Holdings Private Ltd now owns 5,330,492 shares of the asset manager’s stock valued at $5,126,387,000 after acquiring an additional 237,667 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Trading Up 0.4%

Shares of NYSE:BLK traded up $4.52 during midday trading on Monday, hitting $1,064.15. The company had a trading volume of 177,973 shares, compared to its average volume of 743,190. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.33. BlackRock has a 12 month low of $917.39 and a 12 month high of $1,219.94. The firm has a fifty day simple moving average of $1,111.19 and a 200 day simple moving average of $1,055.22. The stock has a market cap of $164.80 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.17 and a beta of 1.41.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, July 15th. The asset manager reported $13.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.69 by $1.22. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.73 billion. BlackRock had a return on equity of 14.90% and a net margin of 24.09%.The company’s revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the business earned $12.05 earnings per share. On average, analysts predict that BlackRock will post 55.9 EPS for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 8th were paid a $5.73 dividend. This represents a $22.92 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 8th. BlackRock’s dividend payout ratio is presently 54.78%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America upped their target price on shares of BlackRock from $1,298.00 to $1,320.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. The Goldman Sachs Group restated a “buy” rating and issued a $1,389.00 price objective on shares of BlackRock in a research report on Thursday, July 16th. UBS Group increased their price objective on BlackRock from $1,270.00 to $1,320.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Evercore reissued an “outperform” rating and issued a $1,260.00 target price on shares of BlackRock in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,258.00 target price on shares of BlackRock in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,304.35.

BlackRock Company Profile

BlackRock, Inc is a global investment management and financial technology company serving individual investors, institutions, governments and financial professionals. The company provides investment management, risk management and advisory services across a broad range of asset classes, including equities, fixed income, multi-asset strategies, alternatives and cash management.

BlackRock offers investment products through mutual funds, exchange-traded funds and other vehicles. Its iShares brand is one of the company’s principal platforms for exchange-traded funds, providing access to domestic and international markets, industry sectors, bonds, commodities and specialized investment strategies.

The company also provides technology and analytical solutions through its Aladdin platform, which is used by asset managers, institutional investors and other financial organizations for portfolio management, risk analysis, trading and operational support.