IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires Shares of 2,691 BlackRock, Inc. (NYSE:BLK)

IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of BlackRock, Inc. (NYSE:BLK) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 2,691 shares of the asset manager’s stock, valued at approximately $2,555,000.

A number of other large investors also recently made changes to their positions in BLK. Redmont Wealth Advisors LLC acquired a new position in BlackRock in the first quarter valued at about $27,000. Fairscale Capital LLC acquired a new stake in shares of BlackRock in the 2nd quarter valued at approximately $31,000. Chilton Capital Management LLC bought a new position in BlackRock during the 1st quarter worth approximately $38,000. Olistico Wealth LLC bought a new position in BlackRock during the 2nd quarter worth approximately $53,000. Finally, ORG Partners LLC grew its holdings in BlackRock by 257.9% during the second quarter. ORG Partners LLC now owns 68 shares of the asset manager’s stock valued at $54,000 after purchasing an additional 49 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In related news, Director Pamela Daley sold 1,531 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the transaction, the director now directly owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mark Wiedman sold 11,061 shares of BlackRock stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $852.95, for a total transaction of $9,434,479.95. Following the completion of the transaction, the director now directly owns 6,480 shares in the company, valued at approximately $5,527,116. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Pamela Daley sold 1,531 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the sale, the director now owns 5,732 shares in the company, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,042 shares of company stock worth $56,857,777 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Morgan Stanley raised their price objective on BlackRock from $1,150.00 to $1,245.00 and gave the stock an “overweight” rating in a research note on Monday. StockNews.com began coverage on BlackRock in a research note on Saturday, October 12th. They issued a “hold” rating for the company. Evercore ISI raised their price target on BlackRock from $995.00 to $1,040.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on BlackRock from $915.00 to $934.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $991.46.

BlackRock Stock Performance

Shares of BLK opened at $1,015.70 on Thursday. The stock has a market capitalization of $150.93 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 1.94 and a beta of 1.30. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $1,019.22. The firm has a fifty day simple moving average of $909.48 and a 200 day simple moving average of $834.95. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $10.91 EPS. Research analysts forecast that BlackRock, Inc. will post 41.73 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were given a dividend of $5.10 per share. This represents a $20.40 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Monday, September 9th. BlackRock’s dividend payout ratio (DPR) is 51.84%.

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.