Field & Main Bank raised its position in BlackRock, Inc. (NYSE:BLK) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 812 shares of the asset manager’s stock after buying an additional 13 shares during the period. Field & Main Bank’s holdings in BlackRock were worth $681,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of BLK. Moser Wealth Advisors LLC acquired a new stake in BlackRock in the 2nd quarter worth about $26,000. Atlas Private Wealth Advisors lifted its stake in BlackRock by 130.8% in the 2nd quarter. Atlas Private Wealth Advisors now owns 30 shares of the asset manager’s stock worth $26,000 after purchasing an additional 17 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in BlackRock in the 2nd quarter worth approximately $31,000. KB Financial Partners LLC purchased a new position in BlackRock in the 1st quarter worth approximately $35,000. Finally, Clean Yield Group purchased a new position in BlackRock in the 2nd quarter worth approximately $35,000. Institutional investors own 77.75% of the company’s stock.
BlackRock stock traded down $4.71 during trading on Thursday, hitting $930.72. The company had a trading volume of 438,906 shares, compared to its average volume of 570,358. BlackRock, Inc. has a 1-year low of $670.28 and a 1-year high of $973.16. The company has a current ratio of 3.04, a quick ratio of 3.04 and a debt-to-equity ratio of 0.56. The company’s 50 day simple moving average is $901.59 and its 200-day simple moving average is $892.90. The stock has a market cap of $141.39 billion, a price-to-earnings ratio of 24.75, a price-to-earnings-growth ratio of 2.14 and a beta of 1.19.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 23rd. Shareholders of record on Tuesday, December 7th will be paid a $4.13 dividend. The ex-dividend date of this dividend is Monday, December 6th. This represents a $16.52 annualized dividend and a dividend yield of 1.77%. BlackRock’s dividend payout ratio (DPR) is 43.94%.
A number of research analysts have weighed in on the stock. Jefferies Financial Group raised their target price on shares of BlackRock from $1,001.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Tuesday, August 31st. Evercore ISI reissued a “buy” rating and issued a $956.00 target price on shares of BlackRock in a research note on Thursday, October 14th. Bank of America started coverage on shares of BlackRock in a research note on Wednesday, November 3rd. They issued a “buy” rating and a $1,080.00 target price on the stock. BMO Capital Markets reduced their price target on shares of BlackRock from $797.00 to $794.00 and set a “market perform” rating on the stock in a research report on Thursday, October 14th. Finally, Morgan Stanley lifted their price target on shares of BlackRock from $1,021.00 to $1,026.00 and gave the company an “overweight” rating in a research report on Thursday, October 14th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, BlackRock currently has a consensus rating of “Buy” and a consensus price target of $961.40.
In other BlackRock news, Director J. Richard Kushel sold 405 shares of the business’s stock in a transaction on Monday, November 8th. The shares were sold at an average price of $964.45, for a total value of $390,602.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laurence Fink sold 22,247 shares of the business’s stock in a transaction on Monday, October 25th. The stock was sold at an average price of $925.68, for a total transaction of $20,593,602.96. The disclosure for this sale can be found here. Insiders own 1.16% of the company’s stock.
BlackRock, Inc engages in providing investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments. The company was founded by Ralph L.
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