The fund owned 2,735 shares of the asset manager's stock after buying an additional 50 shares during the period. (BLK) by 60.0%. Its investment stood at $5,902,000 an increase of $2,554,000 as of quarter end.
Several other hedge funds have also recently bought and sold shares of the stock. The value of the investment in BlackRock, Inc. increased from $1,161,000 to $1,321,000 increasing 13.8% quarter over quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of BlackRock by 0.5% in the first quarter. The Rnc Capital Management Llc holds 65,936 shares with $25.09 million value, up from 63,904 last quarter. Vanguard Group Inc. increased its position in shares of BlackRock by 3.3% in the first quarter. Ingalls And Snyder has invested 0.02% in BlackRock, Inc. Financial Architects Inc boosted its position in shares of BlackRock by 0.7% in the second quarter. Schnieders Ltd Company invested in 976 shares or 0.19% of the stock. BlackRock has a 52 week low of $336.84 and a 52 week high of $442.84. (NYSE:BLK) traded up 0.35% during trading on Friday, hitting $424.16. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable.
The most current P/E ratio is 20.29 and the market value is 68.56B. The company has a 50-day moving average price of $428.03 and a 200 day moving average price of $399.68.
BlackRock (NYSE:BLK) last posted its quarterly earnings results on Monday, July 17th. The firm had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.01 billion. Los Angeles Capital Management Equity Research reported 29,882 shares stake. The company's revenue was up 5.7% compared to the same quarter a year ago. During the same quarter a year ago, the company posted $4.78 EPS. On average, equities research analysts expect that BlackRock, Inc. will post $21.85 EPS for the current year.
At least 23 killed in floods and landslides in Nepal
So, in the Eastern city of Biratnagar runway of the airport is also covered with water, which led to the suspension of flights. The video went viral on social media in Nepal, sparking outrage over the condition of the roads in the capital.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 5th will be paid a dividend of $2.50 per share. This represents a $10.00 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, August 31st.
TRADEMARK VIOLATION NOTICE: This piece was originally published by Stock Observer and is the sole property of of Stock Observer. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. and worldwide copyright and trademark legislation.
BLK has been the topic of a number of other research reports. BidaskClub downgraded shares of BlackRock from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 31st. Deutsche Bank AG reissued a "buy" rating and issued a $441.00 price objective (down from $449.00) on shares of BlackRock in a research report on Saturday, April 22nd. Jefferies Group LLC reaffirmed a "hold" rating and issued a $387.00 price target on shares of BlackRock in a research report on Wednesday, May 17th. As per Friday, July 15, the company rating was downgraded by Keefe Bruyette & Woods. Finally, Wells Fargo & Company restated a "market perform" rating and set a $425.00 price objective (up previously from $380.00) on shares of BlackRock in a report on Wednesday, July 12th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. The company has a consensus rating of "Buy" and an average price target of $434.93. Also, Director Susan Wagner sold 2,500 shares of the business's stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $414.31, for a total transaction of $1,035,775.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
In related news, insider Jeff A. Smith sold 250 shares of the business's stock in a transaction on Wednesday, July 26th. The disclosure for this sale can be found here. Viking Fund Management LLC increased its position in shares of BlackRock by 61.9% in the first quarter. Insiders have sold a total of 3,772 shares of company stock worth $1,567,516 in the last 90 days. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/country-club-trust-company-n-a-acquires-shares-of-487-blackrock-inc-blk/1441331.html. The Firm provides clients with a focused selection of fashion and fashion basic merchandise through its retail stores and e-commerce channel. 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. (NYSE:BLK). Us National Bank De holds 94,632 shares or 0.13% of its portfolio.