Comerica Securities Inc. Has $811000 Stake in BlackRock, Inc. (NYSE:BLK)

Cornelia Mascio
Luglio 17, 2017

Company insiders own 1.86% of the company's stock. Utah Retirement Systems' holdings in BlackRock were worth $8,791,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BLK. Empire Life Investments Inc. bought a new stake in BlackRock during the fourth quarter worth $30,490,000. Norges Bank is the second biggest holder with 8 million shares now valued at 3.10 B million whilst Vanguard Group Inc has 8 million shares valued at 2.99 B million. Legal & General Group Plc now owns 572,559 shares of the asset manager's stock worth $219,579,000 after buying an additional 18,978 shares in the last quarter.

Laurence Fink, Chairman and CEO of BlackRock, said, "While significant cash remains on the sidelines, investors have begun to put more of their assets to work.The organic growth that BlackRock is experiencing is a direct result of the investments we've made over time to build our platform".

Hartland & Co. LLC acquired a new stake in shares of BlackRock, Inc. Pioneer Investment Management Inc. now owns 598,746 shares of the asset manager's stock valued at $229,625,000 after buying an additional 110,634 shares during the period.

BlackRock, Inc. has a 12 month low of $329.58 and a 12 month high of $442.83. (NYSE:BLK) traded up 0.11% during mid-day trading on Friday, hitting $438.34. The company has a 50 day moving average of $410.09 and a 200-day moving average of $390.31. The firm has a market capitalization of $70.34 billion, a PE ratio of 21.22 and a beta of 1.71. The reported figure was up from 5% from the year-ago quarter. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.86 billion. Equity had net outflows of $600 million, reflecting outflows from European and USA equities, while fixed income had net inflows of $7.1 billion, led inflows into municipal, total return and unconstrained strategies. BlackRock's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $4.25 EPS. Equities research analysts forecast that BlackRock will post $22.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Monday, June 5th were paid a dividend of $2.50 per share. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $10.00 annualized dividend and a dividend yield of 2.28%. BlackRock's payout ratio is 49.14%.


On average, 13 analysts polled by Thomson Reuters expected earnings of $5.39 per share for the quarter. If you are accessing this report on another domain, it was illegally copied and republished in violation of U.S. and global copyright law.

Papp L Roy & Associates decreased its stake in BlackRock, Inc. "(NYSE:BLK)" was originally reported by Community Financial News and is the sole property of of Community Financial News. Keefe, Bruyette & Woods restated a "hold" rating and set a $440.00 price target on shares of BlackRock in a research report on Friday. Bank of America Corporation reaffirmed a "buy" rating and set a $450.00 price target on shares of BlackRock in a report on Monday, June 19th. Wells Fargo & Company MN boosted its position in BlackRock by 4.1% in the first quarter. Deutsche Bank AG boosted their target price on shares of BlackRock from $447.00 to $449.00 and gave the company a "buy" rating in a research note on Tuesday, July 4th. BidaskClub upgraded BlackRock from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 1st. Finally, Zacks Investment Research raised shares of BlackRock from a "hold" rating to a "buy" rating and set a $480.00 target price on the stock in a research report on Tuesday, June 20th. The stock now has an average rating of "Buy" and an average price target of $428.36.

In other BlackRock news, insider Mark Mccombe sold 500 shares of the business's stock in a transaction on Friday, May 26th. Also, Director Susan Wagner sold 2,500 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $414.31, for a total value of $1,035,775.00. Following the sale, the director now directly owns 484,386 shares of the company's stock, valued at approximately $200,685,963.66.

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