Thompson Siegel & Walmsley LLC Acquires Shares of 10,703 BlackRock, Inc. (NYSE:BLK)

Thompson Siegel & Walmsley LLC bought a new position in shares of BlackRock, Inc. (NYSE:BLK) during the 2nd quarter, Holdings Channel.com reports. The fund bought 10,703 shares of the asset manager’s stock, valued at approximately $8,427,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Redmont Wealth Advisors LLC acquired a new position in BlackRock during the first quarter worth about $27,000. Pineridge Advisors LLC acquired a new stake in BlackRock in the fourth quarter valued at approximately $28,000. Lam Group Inc. bought a new stake in shares of BlackRock during the first quarter worth $33,000. Fairman Group LLC acquired a new position in shares of BlackRock during the fourth quarter worth $35,000. Finally, Chilton Capital Management LLC bought a new position in shares of BlackRock in the 1st quarter valued at $38,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BlackRock

In related news, Director Pamela Daley sold 1,531 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the transaction, the director now directly owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Mark Wiedman sold 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total value of $22,529,340.00. Following the transaction, the director now owns 6,480 shares in the company, valued at $5,407,041.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Pamela Daley sold 1,531 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total value of $1,289,224.48. Following the sale, the director now owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. The disclosure for this sale can be found here. Insiders have sold 93,042 shares of company stock valued at $79,387,117 in the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Stock Up 0.1 %

Shares of BlackRock stock opened at $885.73 on Monday. The stock’s 50-day moving average is $857.98 and its 200 day moving average is $814.50. BlackRock, Inc. has a one year low of $596.18 and a one year high of $903.46. The firm has a market cap of $131.62 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.92 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, topping the consensus estimate of $9.96 by $0.40. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the firm posted $9.28 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts anticipate that BlackRock, Inc. will post 41.34 EPS for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, September 9th will be issued a dividend of $5.10 per share. The ex-dividend date is Monday, September 9th. This represents a $20.40 annualized dividend and a dividend yield of 2.30%. BlackRock’s dividend payout ratio is currently 51.84%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BLK. Barclays upped their target price on BlackRock from $985.00 to $990.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BlackRock from $912.00 to $937.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Argus boosted their target price on shares of BlackRock from $880.00 to $910.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Citigroup raised their price target on shares of BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, UBS Group reduced their price objective on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and a consensus price target of $902.13.

BlackRock Company Profile

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.