CAPROCK Group Inc. Has $1.11 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

CAPROCK Group Inc. grew its position in shares of BlackRock, Inc. (NYSE:BLKGet Rating) by 26.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,458 shares of the asset manager’s stock after buying an additional 308 shares during the quarter. CAPROCK Group Inc.’s holdings in BlackRock were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Cape ANN Savings Bank boosted its holdings in shares of BlackRock by 0.4% during the 3rd quarter. Cape ANN Savings Bank now owns 2,822 shares of the asset manager’s stock worth $2,367,000 after buying an additional 12 shares during the period. Sound Income Strategies LLC raised its stake in BlackRock by 52.0% in the 4th quarter. Sound Income Strategies LLC now owns 38 shares of the asset manager’s stock worth $35,000 after purchasing an additional 13 shares in the last quarter. Avity Investment Management Inc. raised its stake in BlackRock by 5.2% in the 4th quarter. Avity Investment Management Inc. now owns 263 shares of the asset manager’s stock worth $241,000 after purchasing an additional 13 shares in the last quarter. MV Capital Management Inc. raised its stake in BlackRock by 8.2% in the 4th quarter. MV Capital Management Inc. now owns 172 shares of the asset manager’s stock worth $157,000 after purchasing an additional 13 shares in the last quarter. Finally, AFT Forsyth & Company Inc. raised its stake in BlackRock by 0.5% in the 4th quarter. AFT Forsyth & Company Inc. now owns 2,563 shares of the asset manager’s stock worth $2,347,000 after purchasing an additional 13 shares in the last quarter. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

BLK opened at $609.28 on Thursday. BlackRock, Inc. has a fifty-two week low of $575.60 and a fifty-two week high of $973.16. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.33 and a quick ratio of 4.33. The firm has a market capitalization of $92.31 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 1.97 and a beta of 1.27. The company’s 50 day moving average price is $636.70 and its two-hundred day moving average price is $747.29.

BlackRock (NYSE:BLKGet Rating) last posted its earnings results on Wednesday, April 13th. The asset manager reported $9.52 earnings per share for the quarter, topping analysts’ consensus estimates of $8.92 by $0.60. BlackRock had a net margin of 31.20% and a return on equity of 17.00%. The firm had revenue of $4.70 billion for the quarter, compared to analyst estimates of $4.76 billion. During the same period in the previous year, the firm posted $7.77 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts predict that BlackRock, Inc. will post 38.35 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 23rd. Shareholders of record on Monday, June 6th will be issued a dividend of $4.88 per share. This represents a $19.52 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Friday, June 3rd. BlackRock’s payout ratio is 49.06%.

In other news, Director William E. Ford acquired 2,000 shares of BlackRock stock in a transaction dated Monday, April 18th. The shares were bought at an average cost of $681.44 per share, with a total value of $1,362,880.00. Following the purchase, the director now owns 14,915 shares in the company, valued at approximately $10,163,677.60. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William E. Ford acquired 1,000 shares of BlackRock stock in a transaction dated Thursday, April 14th. The stock was purchased at an average cost of $701.00 per share, for a total transaction of $701,000.00. Following the completion of the purchase, the director now owns 12,915 shares in the company, valued at approximately $9,053,415. The disclosure for this purchase can be found here. Insiders own 1.06% of the company’s stock.

BLK has been the subject of several analyst reports. Exane BNP Paribas cut shares of BlackRock from an “outperform” rating to a “neutral” rating and set a $725.00 price objective for the company. in a research note on Tuesday, March 8th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of BlackRock from $905.00 to $747.00 in a research report on Thursday, May 19th. The Goldman Sachs Group dropped their target price on shares of BlackRock from $1,000.00 to $800.00 and set a “buy” rating for the company in a research report on Monday, March 14th. Morgan Stanley dropped their target price on shares of BlackRock from $966.00 to $932.00 and set an “overweight” rating for the company in a research report on Thursday, April 14th. Finally, BMO Capital Markets dropped their target price on shares of BlackRock from $755.00 to $734.00 and set a “market perform” rating for the company in a research report on Thursday, April 14th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $873.86.

BlackRock Company Profile (Get Rating)

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.

Read More

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLKGet Rating).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Want More Great Investing Ideas?

Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.