(NYSE:BLK) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. Bangor Savings Bank now owns 1,165 shares of the asset manager's stock worth $446,000 after buying an additional 8 shares during the last quarter. Twin Cap Mgmt owns 0.39% invested in BlackRock, Inc.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Viking Fund Management LLC now owns 6,800 shares of the asset manager's stock valued at $2,608,000 after buying an additional 2,600 shares during the last quarter. Heritage Investors Management Corp increased its position in shares of BlackRock by 4.9% in the first quarter. Kings Point Capital Management now owns 273 shares of the asset manager's stock valued at $105,000 after buying an additional 70 shares during the period. Peoples Financial Services CORP. bought a new position in shares of BlackRock during the first quarter valued at $115,000.
Charter Trust Co. decreased its stake in BlackRock, Inc. The value of the company's investment in BlackRock, Inc. went from $1,357,000 to $1,463,000 a change of $106,000 quarter to quarter. Bangor Savings Bank increased its position in BlackRock by 0.7% in the first quarter. Corporate insiders own 1.86% of the company's stock. Moreover, American Investment Services Inc. has 10.03% invested in the company for 204,743 shares.
BlackRock (NYSE BLK) opened at 424.16 on Friday. The stock had a trading volume of 305,163 shares. The company has a market cap of $68.98 billion, a price-to-earnings ratio of 20.4126 and a beta of 1.71. BlackRock has a 12 month low of $336.84 and a 12 month high of $442.84. The company has a 50-day moving average of $428.03 and a 200 day moving average of $399.68. The asset manager reported $5.24 EPS for the quarter, missing the consensus estimate of $5.39 by $0.15. Los Angeles Capital Management Equity Research reported 29,882 shares stake. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter previous year, the company posted $4.78 EPS. BlackRock's revenue was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that BlackRock, Inc. will post $21.85 EPS for the current year. Additionally the company recently announced a dividend for shareholders which will be paid on Friday the 22nd of September 2017. This dividend represents a yeild of $2.33 which is the dividend as a percentage of the current share price. The ex-dividend date is Thursday, August 31st. Davis R M Inc. now owns 564 shares of the asset manager's stock worth $238,000 after buying an additional 2 shares in the last quarter. BlackRock's dividend payout ratio is presently 47.98%. (NYSE:BLK) earned "Outperform" rating by RBC Capital Markets on Thursday, October 15. If you are reading this story on another domain, it was illegally copied and republished in violation of global copyright and trademark laws. The correct version of this piece of content can be read at https://theolympiareport.com/2017/08/11/blackrock-inc-blk-shares-sold-by-charter-trust-co.html. (NYSE:BLK). Washington Trust Comml Bank owns 337 shares. Deutsche Bank AG upped their target price on BlackRock from $447.00 to $449.00 and gave the stock a "buy" rating in a report on Tuesday, July 4th. Finally, Credit Suisse Group reaffirmed an "outperform" rating and issued a $534.00 price target on shares of BlackRock in a research report on Tuesday, July 18th. Jefferies Group LLC restated a "hold" rating and set a $387.00 price target on shares of BlackRock in a report on Wednesday, May 17th. Zacks Investment Research downgraded shares of BlackRock from a "buy" rating to a "hold" rating in a research report on Wednesday, July 19th.
Among 2 analysts covering Destination XL Group (NASDAQ:DXLG), 2 have Buy rating, 0 Sell and 0 Hold. On Thursday, June 16 the stock rating was maintained by Deutsche Bank with "Buy".
In related news, Director Susan Wagner sold 2,500 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $414.31, for a total transaction of $1,035,775.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jeff A. Smith sold 250 shares of the company's stock in a transaction dated Wednesday, July 26th. The disclosure for this sale can be found here. Insiders sold 3,772 shares of company stock valued at $1,567,516 over the last ninety days. Opus Grp Limited Liability Company reported 0.14% in BlackRock, Inc.
Chevron Corporation manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and worldwide subsidiaries that engage in integrated energy and chemicals operations.