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%.
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Several equities analysts have commented on BLK shares. If you are viewing this story on another domain, it was copied illegally and republished in violation of United States and global copyright laws.
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.