Catalyst Capital Advisors LLC grew its position in shares of BlackRock, Inc. (NYSE:BLK) by 5,750.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,100 shares of the asset manager’s stock after buying an additional 34,500 shares during the quarter. BlackRock accounts for approximately 0.7% of Catalyst Capital Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Catalyst Capital Advisors LLC’s holdings in BlackRock were worth $18,031,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Penserra Capital Management LLC raised its holdings in shares of BlackRock by 57.2% in the 4th quarter. Penserra Capital Management LLC now owns 580 shares of the asset manager’s stock worth $297,000 after purchasing an additional 211 shares during the period. Sentry Investment Management LLC raised its holdings in shares of BlackRock by 4.6% in the 4th quarter. Sentry Investment Management LLC now owns 9,330 shares of the asset manager’s stock worth $4,793,000 after purchasing an additional 408 shares during the period. Capital One National Association raised its holdings in shares of BlackRock by 156.2% in the 4th quarter. Capital One National Association now owns 14,792 shares of the asset manager’s stock worth $7,599,000 after purchasing an additional 9,019 shares during the period. Heritage Investors Management Corp raised its holdings in shares of BlackRock by 1.3% in the 4th quarter. Heritage Investors Management Corp now owns 27,334 shares of the asset manager’s stock worth $14,042,000 after purchasing an additional 361 shares during the period. Finally, Bronfman E.L. Rothschild L.P. raised its holdings in shares of BlackRock by 10.9% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,636 shares of the asset manager’s stock worth $1,868,000 after purchasing an additional 356 shares during the period. 83.15% of the stock is currently owned by institutional investors.
A number of equities research analysts have issued reports on BLK shares. Citigroup cut shares of BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 target price on the stock. in a report on Thursday, January 25th. Argus reissued a “buy” rating and set a $620.00 target price (up previously from $520.00) on shares of BlackRock in a report on Tuesday, January 16th. Credit Suisse Group reissued a “buy” rating and set a $680.00 target price on shares of BlackRock in a report on Friday, January 12th. Zacks Investment Research cut shares of BlackRock from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Wells Fargo & Co reissued a “market perform” rating and set a $555.00 target price (up previously from $535.00) on shares of BlackRock in a report on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $547.92.
Shares of BlackRock, Inc. (NYSE:BLK) opened at $521.27 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09. BlackRock, Inc. has a 1-year low of $368.00 and a 1-year high of $594.52. The stock has a market cap of $84,610.35, a price-to-earnings ratio of 17.20, a price-to-earnings-growth ratio of 1.41 and a beta of 1.76.
BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 EPS for the quarter, beating analysts’ consensus estimates of $5.94 by $0.30. The firm had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. The business’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the previous year, the business earned $5.14 EPS. equities research analysts forecast that BlackRock, Inc. will post 28.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be given a dividend of $2.88 per share. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Tuesday, March 6th. BlackRock’s payout ratio is 33.00%.
In other news, insider Mark Mccombe sold 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $520.64, for a total transaction of $1,041,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeff A. Smith sold 2,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $526.93, for a total transaction of $1,317,325.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,275 shares of company stock valued at $5,342,005 over the last 90 days. Company insiders own 1.86% of the company’s stock.
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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.
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