Amalgamated Bank Bought A Lot More BlackRock, Inc. (BLK) Stock Last Quarter

Cornelia Mascio
Agosto 12, 2017

Bremer Trust National Association sold 1,739 shares as Blackrock Inc Cl A (BLK)'s stock rose 1.17%. Voloridge Inv Mgmt Limited Liability has invested 0.2% of its portfolio in BlackRock, Inc.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. As of quarter end Vision Capital Management, Inc. had disposed of 75 shares trimming its stake by 2.1%. Meiji Yasuda Asset Management Co Ltd. now owns 2,012 shares of the asset manager's stock worth $772,000 after buying an additional 10 shares in the last quarter. Vanguard Group Inc. increased its position in shares of BlackRock by 3.3% in the first quarter. Bangor Savings Bank raised its position in shares of BlackRock by 0.7% in the first quarter.

Tiaa Cref Investment Management LLC divested its investment by shedding 8,142 shares a decrease of 1.9% as of 06/30/2017. Clearbridge Investments LLC now owns 1,557,212 shares of the asset manager's stock worth $597,206,000 after buying an additional 118,222 shares in the last quarter. Peoples Financial Services CORP. purchased a new stake in BlackRock during the first quarter valued at $115,000. Alpha Windward LLC now owns 487 shares of the asset manager's stock worth $187,000 after buying an additional 3 shares during the period. Corporate insiders own 1.86% of the company's stock.

BlackRock, Inc (BlackRock) is an investment management company. (NYSE:BLK) traded up 0.35% during midday trading on Friday, reaching $424.16. Accern also gave media headlines about the asset manager an impact score of 46.1743165559992 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

The P/E ratio is 20.29 and market cap is 68.56B.

The stock is trading at $425.75 a tad below the 50 day moving average which is $428.00 and much higher than the 200 day moving average of $399.35.

BlackRock (NYSE:BLK) previously disclosed its earnings report on early Mon, Jul 17th. Next quarter's EPS is forecasted to be $5.85 and the next full year EPS is anticipated to be $24.90. BlackRock had a return on equity of 11.71% and a net margin of 29.24%. The business had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the firm earned $4.78 earnings per share. The company's quarterly revenue was up 5.7% compared to the same quarter past year. In the latest earnings report the EPS was $20.83 and is expected to be $21.85 for the current year with 162,207,000 shares outstanding. Additionally the company declared a dividend for shareholders that will be paid on Friday the 22nd of September 2017. Stockholders of record on Tuesday, September 5th will be paid a dividend of $2.50 per share. The ex-dividend date is set for Thursday the 1st of June 2017. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.32%. BlackRock's dividend payout ratio (DPR) is 47.98%. (NYSE:BLK) earned "Outperform" rating by RBC Capital Markets on Thursday, October 15. If you are accessing this story on another site, it was illegally stolen and reposted in violation of USA & global copyright & trademark law. The correct version of this article can be accessed at https://weekherald.com/2017/08/12/first-midwest-bank-trust-division-has-1-16-million-stake-in-blackrock-inc-nyseblk.html. (NYSE:BLK). Andra Ap accumulated 11,400 shares. Deutsche Bank AG restated a "buy" rating and set a $441.00 price target (down from $449.00) on shares of BlackRock in a report on Saturday, April 22nd. Finally, BidaskClub raised shares of BlackRock from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 1st. Finally, Jefferies Group LLC reaffirmed a "hold" rating and set a $387.00 price target on shares of BlackRock in a report on Wednesday, May 17th. Keefe, Bruyette & Woods reiterated a "hold" rating and issued a $440.00 price objective on shares of BlackRock in a report on Friday, July 14th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. The stock now has a average recommendation of "Buy" and a consensus price objective of $434.93.

In related news, Director Susan Wagner sold 2,500 shares of BlackRock stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $405.98, for a total value of $202,990.00. Company insiders own 1.86% of the company's stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jeff A. Smith sold 250 shares of the company's stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $414.31, for a total transaction of $1,035,775.00. The disclosure for this sale can be found here. Alyeska Investment Gru LP invested 0.31% of its portfolio in BlackRock, Inc. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide.

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