Traders sold shares of BlackRock, Inc. (NYSE:BLK) on strength during trading on Thursday. $110.50 million flowed into the stock on the tick-up and $146.81 million flowed out of the stock on the tick-down, for a money net flow of $36.31 million out of the stock. Of all stocks tracked, BlackRock had the 0th highest net out-flow for the day. BlackRock traded up $2.71 for the day and closed at $579.22

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “strong-buy” rating and set a $614.00 target price for the company in a research note on Thursday, January 11th. Jefferies Group boosted their target price on BlackRock to $565.00 and gave the stock a “hold” rating in a research note on Monday, January 15th. Citigroup boosted their target price on BlackRock to $625.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on BlackRock to $558.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of BlackRock in a research report on Thursday, October 12th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $547.92.

The stock has a market cap of $94,640.00, a PE ratio of 19.48, a P/E/G ratio of 1.55 and a beta of 1.81. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.09.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 EPS for the quarter, topping the consensus estimate of $5.94 by $0.30. The company had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. The firm’s revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.14 earnings per share. research analysts expect that BlackRock, Inc. will post 28.52 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be issued a $2.88 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $11.52 dividend on an annualized basis and a dividend yield of 1.95%. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s payout ratio is presently 33.00%.

In other news, Director Susan Wagner sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $506.10, for a total value of $2,024,400.00. Following the transaction, the director now owns 481,915 shares of the company’s stock, valued at $243,897,181.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Deryck C. Maughan bought 3,861 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was bought at an average cost of $573.44 per share, for a total transaction of $2,214,051.84. Following the acquisition, the director now owns 12,265 shares of the company’s stock, valued at approximately $7,033,241.60. The disclosure for this purchase can be found here. In the last three months, insiders sold 4,525 shares of company stock worth $2,312,687. Corporate insiders own 1.86% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Aperio Group LLC increased its holdings in shares of BlackRock by 8.6% in the third quarter. Aperio Group LLC now owns 68,737 shares of the asset manager’s stock valued at $30,732,000 after purchasing an additional 5,451 shares during the period. Honkamp Krueger Financial Services Inc. purchased a new stake in shares of BlackRock in the third quarter valued at approximately $222,000. WFG Advisors LP boosted its stake in shares of BlackRock by 66.6% in the second quarter. WFG Advisors LP now owns 1,096 shares of the asset manager’s stock valued at $463,000 after buying an additional 438 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of BlackRock by 9.7% in the third quarter. New York State Common Retirement Fund now owns 357,800 shares of the asset manager’s stock valued at $159,969,000 after buying an additional 31,600 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of BlackRock by 4.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 418,198 shares of the asset manager’s stock valued at $186,973,000 after buying an additional 17,491 shares in the last quarter. 83.55% of the stock is currently owned by institutional investors and hedge funds.

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BlackRock Company Profile

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

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