Toroso Investments LLC lifted its holdings in BlackRock, Inc. (NYSE:BLK) by 164.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,566 shares of the asset manager’s stock after buying an additional 974 shares during the period. Toroso Investments LLC’s holdings in BlackRock were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of BLK. Moser Wealth Advisors LLC acquired a new stake in BlackRock during the second quarter worth about $26,000. Atlas Private Wealth Advisors grew its holdings in shares of BlackRock by 130.8% in the second quarter. Atlas Private Wealth Advisors now owns 30 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 17 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of BlackRock in the second quarter valued at approximately $31,000. KB Financial Partners LLC acquired a new position in shares of BlackRock in the first quarter valued at approximately $35,000. Finally, Clean Yield Group acquired a new position in shares of BlackRock in the second quarter valued at approximately $35,000. 78.13% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on BLK. Citigroup boosted their price objective on shares of BlackRock from $1,030.00 to $1,035.00 and gave the stock a “buy” rating in a research report on Thursday. Credit Suisse Group dropped their price objective on shares of BlackRock from $1,011.00 to $1,000.00 and set an “outperform” rating on the stock in a research note on Thursday, July 15th. Evercore ISI reissued a “buy” rating and issued a $956.00 price objective on shares of BlackRock in a research note on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of BlackRock from $1,039.00 to $1,008.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Morgan Stanley boosted their price objective on shares of BlackRock from $944.00 to $1,017.00 and gave the stock an “overweight” rating in a research report on Friday, July 9th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, BlackRock currently has a consensus rating of “Buy” and a consensus price target of $952.29.
BlackRock (NYSE:BLK) last issued its quarterly earnings data on Tuesday, October 12th. The asset manager reported $10.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $9.81 by $1.14. BlackRock had a net margin of 30.39% and a return on equity of 16.30%. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the company earned $9.22 earnings per share. BlackRock’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, sell-side analysts predict that BlackRock, Inc. will post 38.24 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 22nd. Shareholders of record on Tuesday, September 7th were given a $4.13 dividend. This represents a $16.52 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, September 3rd. BlackRock’s dividend payout ratio (DPR) is 48.85%.
In other news, General Counsel Christopher J. Meade sold 2,106 shares of the firm’s stock in a transaction dated Tuesday, July 20th. The shares were sold at an average price of $877.24, for a total value of $1,847,467.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.16% of the stock is owned by company insiders.
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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