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.
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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.
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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.