BlackRock, Inc. (BLK) To Go Ex-Dividend on December 5th

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.

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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.

BLK has been the topic of a number of research reports. Barclays reiterated a “buy” rating and issued a $485.00 price target on shares of BlackRock in a report on Wednesday, October 9th. Credit Suisse Group set a $567.00 price target on shares of BlackRock and gave the stock a “buy” rating in a research note on Thursday, September 12th. BMO Capital Markets initiated coverage on shares of BlackRock in a report on Monday, October 7th. They set a “market perform” rating and a $547.00 price objective for the company. Citigroup cut their price objective on BlackRock from $545.00 to $500.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, Morgan Stanley raised their price objective on BlackRock from $547.00 to $554.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $507.34.

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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