BlackRock, Inc. (NYSE:BLK – Get Free Report) Director Mark Wiedman sold 12,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $875.03, for a total transaction of $10,500,360.00. Following the sale, the director now directly owns 6,480 shares in the company, valued at $5,670,194.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Mark Wiedman also recently made the following trade(s):
- On Monday, August 12th, Mark Wiedman sold 11,061 shares of BlackRock stock. The stock was sold at an average price of $852.95, for a total transaction of $9,434,479.95.
- On Tuesday, July 16th, Mark Wiedman sold 27,000 shares of BlackRock stock. The stock was sold at an average price of $834.42, for a total value of $22,529,340.00.
BlackRock Price Performance
Shares of BLK stock traded up $0.43 during trading hours on Friday, reaching $872.49. The company had a trading volume of 382,964 shares, compared to its average volume of 601,810. BlackRock, Inc. has a 12-month low of $596.18 and a 12-month high of $885.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.32 and a current ratio of 5.32. The company has a market capitalization of $129.65 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.92 and a beta of 1.32. The stock has a fifty day moving average of $816.23 and a 200-day moving average of $801.61.
BlackRock Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, September 9th will be paid a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Monday, September 9th. BlackRock’s dividend payout ratio (DPR) is presently 51.84%.
Analyst Ratings Changes
BLK has been the subject of several research analyst reports. TD Cowen reduced their target price on BlackRock from $974.00 to $969.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Argus increased their price objective on shares of BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. UBS Group cut their target price on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods raised their price target on shares of BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Finally, Citigroup boosted their price objective on BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $874.07.
View Our Latest Analysis on BLK
Institutional Trading of BlackRock
Hedge funds have recently made changes to their positions in the company. Carolinas Wealth Consulting LLC lifted its holdings in shares of BlackRock by 25.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 200 shares of the asset manager’s stock worth $163,000 after acquiring an additional 40 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of BlackRock in the fourth quarter valued at $439,000. Zhang Financial LLC raised its holdings in shares of BlackRock by 24.0% in the 1st quarter. Zhang Financial LLC now owns 883 shares of the asset manager’s stock valued at $736,000 after buying an additional 171 shares during the period. California State Teachers Retirement System lifted its stake in BlackRock by 0.7% during the 4th quarter. California State Teachers Retirement System now owns 237,740 shares of the asset manager’s stock worth $192,997,000 after acquiring an additional 1,647 shares in the last quarter. Finally, Farrow Financial Inc. purchased a new position in BlackRock during the 4th quarter valued at about $2,228,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.
About BlackRock
BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.
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