Utah Retirement Systems held its stake in shares of BlackRock, Inc. (NYSE:BLK) by 248.8% during the first quarter, according to its most recent Form 13F filing with the SEC. Alyeska Investment Group L.P. now owns 91,479 shares of the asset manager's stock worth $34,811,000 after buying an additional 66,503 shares during the period.
Accern also assigned media headlines about the asset manager an impact score of 86 out of 100, indicating that recent news coverage is very likely to have an impact on the stock's share price in the next few days. Wells Fargo & Company MN raised its stake in BlackRock by 4.1% in the first quarter. 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. Peoples Financial Services CORP. purchased a new position in BlackRock during the first quarter valued at $115,000.
Since the start of the New Year, BlackRock, Inc. As of quarter end Eqis Capital Management, Inc. had disposed of a total of 51 shares trimming its position 8.4%. AQR Capital Management LLC now owns 13,419 shares of the asset manager's stock worth $5,106,000 after buying an additional 4,530 shares during the period. Institutional investors and hedge funds own 80.84% of the company's stock. (NYSE BLK) opened at 431.91 on Wednesday. The stock has a market capitalization of $70.86 billion, a P/E ratio of 21.54 and a beta of 1.71. BlackRock, Inc. The stock has a 50-day moving average price of $410.09 and a 200-day moving average price of $390.31.
BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, April 19th. The asset manager reported $5.25 earnings per share for the quarter, topping the Zacks' consensus estimate of $4.94 by $0.31. The business 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 US equities, while fixed income had net inflows of $7.1 billion, led inflows into municipal, total return and unconstrained strategies. The business's revenue was up 7.6% on a year-over-year basis.
Across BlackRock as a whole, there were net inflows of $104bn to take assets to $5.7tn - up 16% on a year ago.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Monday, June 5th were issued a $2.50 dividend. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $10.00 dividend on an annualized basis and a yield of 2.28%. BlackRock's dividend payout ratio is 49.14%. If you are viewing this piece of content on another publication, it was stolen and republished in violation of U.S. & worldwide copyright & trademark law.
WARNING: "WINTON GROUP Ltd Purchases New Position in BlackRock, Inc". (BLK) reported Monday higher profit in its second quarter with strong revenues, despite flat margins. Keefe, Bruyette & Woods reiterated a "hold" rating and set a $440.00 price objective on shares of BlackRock in a research note on Friday. Wells Fargo & Company reaffirmed a "market perform" rating and set a $425.00 target price (up from $380.00) on shares of BlackRock in a research report on Wednesday. Zacks Investment Research upgraded BlackRock from a "hold" rating to a "buy" rating and set a $480.00 price target on the stock in a research report on Tuesday, June 20th. Deutsche Bank AG reissued a "buy" rating and issued a $441.00 target price (down from $449.00) on shares of BlackRock in a research note on Saturday, April 22nd. BidaskClub raised BlackRock from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 1st. BlackRock presently has a consensus rating of "Buy" and a consensus target price of $428.23.
In related news, Director Susan Wagner sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, June 2nd. The shares were sold on May 26th for an average price of $405.98. Following the completion of the transaction, the director now directly owns 484,386 shares in the company, valued at $200,685,963.66.
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