Peapack Gladstone Financial Corp's holdings in BlackRock were worth $22,272,000 as of its most recent SEC filing. Norges Bank purchased a new stake in shares of BlackRock during the fourth quarter valued at about $3,254,686,000.
BlackRock reported its iShares ETFs saw then-record inflows of $64 billion during the first quarter, capturing the No. 1 share of ETF industry flows globally. Pioneer Investment Management Inc. now owns 598,746 shares of the asset manager's stock worth $229,625,000 after buying an additional 110,634 shares during the last quarter. Wells Fargo & Company MN increased its stake in BlackRock by 4.1% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 43,140 shares of the asset manager's stock valued at $16,417,000 after buying an additional 21,075 shares during the period. Ibex Wealth Advisors bought a new position in shares of BlackRock during the fourth quarter worth approximately $796,000. Cim Investment Mangement Inc. now owns 2,128 shares of the asset manager's stock valued at $810,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company's stock. BlackRock has a 1-year low of $329.58 and a 1-year high of $442.83. After a recent look, shares have been seen 14.08% from the 200-day moving average, and 6.76% from the 50-day moving average. The stock has a market capitalization of $70.86 billion, a P/E ratio of 21.54 and a beta of 1.71. Next quarter's EPS is estimated at $5.60 with next year's EPS anticipated to be $25.13.
The net inflows took iShares' assets across the $1.5tn line, according to BlackRock's results for the quarter ended June 30, 2017. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.86 billion. During the same period in the previous year, the company posted $4.25 EPS. BlackRock's revenue was up 7.6% on a year-over-year basis.
In all, BlackRock reported a profit of $857 million, or $5.22 a share, in its second quarter, up from $789 million, or $4.73 a share, a year earlier.
The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. This represents a $10.00 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Thursday, June 1st. BlackRock's dividend payout ratio is presently 49.14%.
Atari's 'PC technology-based' Ataribox will echo NES Classic
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A number of research firms have weighed in on BLK. BidaskClub raised shares of BlackRock from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 1st. Deutsche Bank AG restated a "buy" rating and issued a $441.00 price target (down previously from $449.00) on shares of BlackRock in a research note on Saturday, April 22nd. Keefe, Bruyette & Woods reissued a "hold" rating and set a $440.00 price objective on shares of BlackRock in a report 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. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company.
On October 11 Jefferies made no change to the company rating of "Buy" and moved up the price target from $357.00 to $418.00. Also, insider Mark Mccombe sold 500 shares of the firm's stock in a transaction on Friday, May 26th. The shares were sold at an average price of $405.98, for a total value of $202,990.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Wagner sold 2,500 shares of BlackRock stock in a transaction dated Friday, June 2nd. The disclosure for this sale can be found here. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide.