BlackRock, Inc. (NYSE:BLK) declared a quarterly dividend on Tuesday, November 19th, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 3.30 per share by the asset manager on Monday, December 23rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, December 5th.
NYSE BLK opened at $483.83 on Tuesday. The firm has a market capitalization of $76.40 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.74 and a beta of 1.54. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.33 and a current ratio of 2.33. BlackRock has a one year low of $360.79 and a one year high of $496.90. The company’s 50 day moving average price is $474.19 and its 200 day moving average price is $451.23.
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, topping 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 company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business earned $7.52 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Sell-side analysts forecast that BlackRock will post 27.57 EPS for the current fiscal year.
BLK has been the topic of several analyst reports. Morgan Stanley raised their target price on BlackRock from $547.00 to $554.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Citigroup reduced their target price on shares of BlackRock from $545.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Wells Fargo & Co restated a “hold” rating on shares of BlackRock in a research note on Tuesday, October 15th. Barclays reaffirmed a “buy” rating and set a $485.00 price target on shares of BlackRock in a report on Wednesday, October 9th. Finally, ValuEngine lowered shares of BlackRock from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $507.34.
In other news, Director J. Richard Kushel sold 2,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $446.74, for a total transaction of $893,480.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jerkovic Milan 3,000,000 shares of the stock in a transaction dated Thursday, October 24th. Insiders have sold a total of 6,095 shares of company stock worth $2,900,567 over the last 90 days. 1.42% of the stock is owned by company insiders.
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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