Insider Selling: BlackRock, Inc. (BLK) Insider Sells 100 Shares of Stock

BlackRock, Inc. (NYSE:BLK) insider Jeff A. Smith sold 100 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $477.54, for a total transaction of $47,754.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BlackRock, Inc. (NYSE BLK) traded down $0.03 during trading on Friday, reaching $473.99. 505,577 shares of the company traded hands, compared to its average volume of 529,492. BlackRock, Inc. has a 12-month low of $365.83 and a 12-month high of $489.79. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89. The firm has a market cap of $76,000.00, a P/E ratio of 21.83, a PEG ratio of 1.62 and a beta of 1.79.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, October 11th. The asset manager reported $5.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.49 by $0.43. BlackRock had a net margin of 29.52% and a return on equity of 12.01%. The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter last year, the firm earned $5.14 EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. research analysts predict that BlackRock, Inc. will post 22.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Monday, December 4th will be issued a $2.50 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $10.00 annualized dividend and a yield of 2.11%. BlackRock’s dividend payout ratio (DPR) is presently 46.82%.

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Several research firms have recently commented on BLK. Credit Suisse Group reaffirmed an “outperform” rating on shares of BlackRock in a research report on Thursday, October 12th. Jefferies Group LLC reaffirmed a “hold” rating and set a $465.00 price target on shares of BlackRock in a research report on Thursday, October 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $500.00 price target on shares of BlackRock in a research report on Thursday, October 12th. J P Morgan Chase & Co lifted their price target on shares of BlackRock to $558.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $475.00 price target (up previously from $450.00) on shares of BlackRock in a research report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $489.08.

A number of institutional investors have recently bought and sold shares of BLK. Financial Architects Inc grew its stake in shares of BlackRock by 0.7% in the second quarter. Financial Architects Inc now owns 291 shares of the asset manager’s stock worth $123,000 after acquiring an additional 2 shares in the last quarter. Davis R M Inc. grew its stake in shares of BlackRock by 0.4% in the second quarter. Davis R M Inc. now owns 564 shares of the asset manager’s stock worth $238,000 after acquiring an additional 2 shares in the last quarter. National Asset Management Inc. grew its stake in shares of BlackRock by 0.4% in the first quarter. National Asset Management Inc. now owns 716 shares of the asset manager’s stock worth $275,000 after acquiring an additional 3 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of BlackRock by 1.2% in the second quarter. Proficio Capital Partners LLC now owns 262 shares of the asset manager’s stock worth $111,000 after acquiring an additional 3 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. grew its stake in shares of BlackRock by 0.4% in the second quarter. ZWJ Investment Counsel Inc. now owns 688 shares of the asset manager’s stock worth $291,000 after acquiring an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 82.42% of the company’s stock.

About BlackRock

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.

Insider Buying and Selling by Quarter for BlackRock (NYSE:BLK)

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