WINTON GROUP Ltd Purchases New Position in BlackRock, Inc. (NYSE:BLK)

Larry Fink

Cameron Costa | CNBC Larry Fink

Hartland & Co. LLC bought a new position in BlackRock, Inc.

Accern also assigned media headlines about the asset manager an impact score of 86 out of 100, indicating that recent news coverage is very likely to have an impact on the stock's share price in the next few days. State of Alaska Department of Revenue acquired a new position in shares of BlackRock during the first quarter valued at $108,000. Pioneer Investment Management Inc. now owns 598,746 shares of the asset manager's stock valued at $229,625,000 after buying an additional 110,634 shares during the period. Norges Bank purchased a new position in BlackRock during the fourth quarter worth approximately $3,254,686,000. Ibex Wealth Advisors bought a new stake in BlackRock during the fourth quarter valued at $796,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of BlackRock by 95.5% in the fourth quarter. Legal & General Group Plc now owns 572,559 shares of the asset manager's stock worth $219,579,000 after buying an additional 18,978 shares in the last quarter.

BlackRock, Inc. has a 52 week low of $329.58 and a 52 week high of $442.83. The firm has a market capitalization of $70.34 billion, a PE ratio of 21.22 and a beta of 1.71. After a recent look, shares have been seen 14.08% from the 200-day moving average, and 6.76% from the 50-day moving average. The asset manager reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.94 by $0.31.

The net inflows took iShares' assets across the $1.5tn line, according to BlackRock's results for the quarter ended June 30, 2017. BlackRock's revenue was up 7.6% on a year-over-year basis. During the same quarter previous year, the firm earned $4.25 EPS. Equities research analysts anticipate that BlackRock will post $22.12 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. The dividend payment was $2.500 per share for the quarter which is $10.00 annualized. This dividend amount represented a yeild of $2.32. The ex-dividend date was Thursday, June 1st. BlackRock's payout ratio is 49.14%.

A number of analysts have recently weighed in on the stock. If you are accessing this report on another domain, it was illegally copied and republished in violation of USA and global copyright law. The original version of this story can be read at https://baseballnewssource.com/markets/blackrock-inc-nyseblk-shares-sold-by-papp-l-roy-associates-updated/1141282.html.

BLK has been the subject of several analyst reports. Deutsche Bank AG boosted their target price on shares of BlackRock from $447.00 to $449.00 and gave the company a "buy" rating in a research note on Tuesday, July 4th. Morgan Stanley reaffirmed an "overweight" rating and issued a $460.00 price target (up previously from $422.00) on shares of BlackRock in a research report on Monday, July 10th. Wells Fargo & Company reiterated a "market perform" rating and set a $425.00 target price (up from $380.00) on shares of BlackRock in a research note on Wednesday. Keefe, Bruyette & Woods reiterated a "hold" rating and set a $440.00 target price on shares of BlackRock in a report on Friday.

On October 11 Jefferies made no change to the company rating of "Buy" and moved up the price target from $357.00 to $418.00.

In other news, Director Susan Wagner sold 2,500 shares of the firm's stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $414.31, for a total value of $1,035,775.00. Following the completion of the transaction, the director now directly owns 484,386 shares in the company, valued at $200,685,963.66. Also, insider Mark Mccombe sold 500 shares of the firm's stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $405.98, for a total transaction of $202,990.00. The disclosure for this sale can be found here. BlackRock makes up approximately 1.4% of Peapack Gladstone Financial Corp's portfolio, making the stock its 16th largest position.

Earlier this year, the company announced it would use more computers to pick stocks as part of its efforts to overhaul its active management business. Institutional investors and hedge funds own 80.84% of the company's stock.

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