Institutional investors own 80.85% of the company's stock.
Several hedge funds and other institutional investors have recently made changes to their positions in BLK. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of BlackRock by 112.4% in the fourth quarter. AQR Capital Management LLC boosted its stake in BlackRock by 51.0% in the fourth quarter. BlackRock had $5.68 trillion in assets under management at the end of the second quarter, compared to $4.98 billion at the end of last year's second quarter. Renaissance Technologies LLC acquired a new stake in BlackRock during the fourth quarter valued at about $32,389,000. Adirondack Trust Co. now owns 450 shares of the asset manager's stock worth $172,000 after buying an additional 30 shares during the last quarter. Legal & General Group Plc increased its position in BlackRock by 3.4% in the first quarter. For the past 5 days of trading, the stock has seen a move of 1.38%. Finally, Edge Asset Management Inc. raised its stake in BlackRock by 2.0% in the fourth quarter. Proficio Capital Partners LLC now owns 259 shares of the asset manager's stock valued at $103,000 after buying an additional 85 shares during the period. BlackRock, Inc. has a 52 week low of $336.84 and a 52 week high of $442.83. (BLK) opened at 438.34 on Monday. The company has a 50-day moving average of $410.09 and a 200 day moving average of $390.31.
The P/E ratio is 21.690 and the market cap of the company is 71.90B.
Excluding non-recurring items, adjusted earnings per share stood were US$5.24, below the consensus forecast of US$5.40, while revenue rose by 6% to US$2.97bn, but was also the consensus estimate of US$2.99bn. BlackRock had a return on equity of 11.62% and a net margin of 29.74%. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.86 billion. The business's revenue was up 7.6% on a year-over-year basis.
Index trackers have boosted BlackRock's earnings in recent quarters, but the firm said going forward it will look to its technology business for growth. The dividend payment was $2.500 per share for the quarter which is $10.00 annualized. The ex-dividend date was set for Thursday the 1st of June 2017. This dividend amount represented a yeild of $2.32. BlackRock's payout ratio is now 49.14%.
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WARNING: "WINTON GROUP Ltd Purchases New Position in BlackRock, Inc".
BLK has been the topic of a number of other reports. Morgan Stanley reaffirmed a "buy" rating on shares of BlackRock in a research note on Saturday, March 18th. Finally, Zacks Investment Research upgraded BlackRock from a "hold" rating to a "buy" rating and set a $480.00 price target for the company in a research note on Tuesday, June 20th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock now has an average rating of "Buy" and a consensus target price of $428.36.
BlackRock shares slipped 0.3 percent in the premarket following the report's release.
Total shares held by institutions as of the most recent company filings are 116,017,197 with a reported 7,405,938 bought and 4,244,407 sold. Following the completion of the transaction, the director now directly owns 484,386 shares in the company, valued at approximately $200,685,963.66. Mark Mccombe, Senior Managing Director disclosed the sale of 500 shares of BLK stock.