BlackRock, Inc. (NYSE:BLK) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. raised its holdings in BlackRock, Inc. (NYSE:BLK) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,523 shares of the asset manager’s stock after purchasing an additional 46 shares during the period. Moors & Cabot Inc.’s holdings in BlackRock were worth $1,651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BLK. Destination Wealth Management increased its holdings in shares of BlackRock by 1.7% in the 1st quarter. Destination Wealth Management now owns 1,253 shares of the asset manager’s stock valued at $535,000 after acquiring an additional 21 shares during the last quarter. Winslow Evans & Crocker Inc. increased its holdings in shares of BlackRock by 11.6% in the 1st quarter. Winslow Evans & Crocker Inc. now owns 212 shares of the asset manager’s stock valued at $94,000 after acquiring an additional 22 shares during the last quarter. Bangor Savings Bank increased its holdings in shares of BlackRock by 1.5% in the 2nd quarter. Bangor Savings Bank now owns 1,483 shares of the asset manager’s stock valued at $696,000 after acquiring an additional 22 shares during the last quarter. Somerset Trust Co increased its holdings in shares of BlackRock by 0.6% in the 1st quarter. Somerset Trust Co now owns 3,678 shares of the asset manager’s stock valued at $1,572,000 after acquiring an additional 23 shares during the last quarter. Finally, SlateStone Wealth LLC increased its holdings in shares of BlackRock by 0.6% in the 1st quarter. SlateStone Wealth LLC now owns 4,167 shares of the asset manager’s stock valued at $1,781,000 after acquiring an additional 23 shares during the last quarter. 81.58% of the stock is currently owned by institutional investors.

NYSE:BLK traded down $2.68 during trading hours on Wednesday, hitting $475.73. 33,534 shares of the company’s stock traded hands, compared to its average volume of 455,007. The stock has a market cap of $73.89 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.77 and a beta of 1.52. BlackRock, Inc. has a twelve month low of $360.79 and a twelve month high of $509.87. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.49 and a current ratio of 3.49. The stock has a fifty day moving average price of $468.60.

BlackRock (NYSE:BLK) last issued its earnings results on Friday, July 19th. The asset manager reported $6.41 earnings per share for the quarter, missing the consensus estimate of $6.52 by ($0.11). The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.57 billion. BlackRock had a return on equity of 13.23% and a net margin of 30.25%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $6.66 earnings per share. As a group, research analysts predict that BlackRock, Inc. will post 27.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Thursday, September 5th will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, September 4th. BlackRock’s dividend payout ratio is 49.02%.

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Co reiterated a “buy” rating on shares of Morgan Stanley in a report on Wednesday, April 17th. JPMorgan Chase & Co. lowered their price objective on Schlumberger from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Morgan Stanley upgraded OIL SEARCH LTD/ADR from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 22nd. UBS Group upped their price objective on T. Rowe Price Group from $109.00 to $111.00 and gave the stock a “neutral” rating in a research note on Monday, July 8th. Finally, Zacks Investment Research downgraded GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $499.03.

BlackRock Company Profile

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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