BlackRock, Inc. (NYSE:BLK) announced a quarterly dividend on Tuesday, November 19th, Zacks reports. Investors of record on Friday, December 6th will be paid a dividend of 3.30 per share by the asset manager on Monday, December 23rd. This represents a $13.20 annualized dividend and a yield of 2.75%. The ex-dividend date is Thursday, December 5th.
BLK stock traded down $9.50 during midday trading on Tuesday, hitting $480.20. The company’s stock had a trading volume of 2,847 shares, compared to its average volume of 432,321. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.76. BlackRock has a 12 month low of $360.79 and a 12 month high of $496.90. The company has a 50 day moving average of $474.19 and a two-hundred day moving average of $451.23. The firm has a market capitalization of $76.40 billion, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.74 and a beta of 1.54.
BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, October 15th. The asset manager reported $7.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.95 by $0.20. BlackRock had a net margin of 29.31% and a return on equity of 12.95%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter last year, the business posted $7.52 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts anticipate that BlackRock will post 27.57 earnings per share for the current fiscal year.
In other BlackRock news, CFO Gary Shedlin sold 3,995 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $490.96, for a total transaction of $1,961,385.20. Also, insider Jerkovic Milan 2,522,596 shares of the company’s stock in a transaction that occurred on Wednesday, October 9th. Insiders have sold a total of 6,095 shares of company stock worth $2,900,567 over the last 90 days. Corporate insiders own 1.42% of the company’s stock.
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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