BlackRock, Inc. (NYSE:BLK) Plans Quarterly Dividend of $4.13

BlackRock, Inc. (NYSE:BLK) declared a quarterly dividend on Wednesday, July 21st, RTT News reports. Shareholders of record on Tuesday, September 7th will be paid a dividend of 4.13 per share by the asset manager on Wednesday, September 22nd. This represents a $16.52 dividend on an annualized basis and a yield of 1.86%.

BlackRock has increased its dividend by 45.2% over the last three years and has increased its dividend annually for the last 1 consecutive years.

Shares of NYSE BLK traded up $8.47 during midday trading on Wednesday, hitting $887.31. 13,300 shares of the company’s stock traded hands, compared to its average volume of 628,697. BlackRock has a 1 year low of $531.39 and a 1 year high of $920.31. The stock has a market capitalization of $135.34 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 2.22 and a beta of 1.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 4.44 and a quick ratio of 4.44. The company has a fifty day moving average price of $872.92.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Tuesday, July 13th. The asset manager reported $10.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $9.33 by $0.70. BlackRock had a net margin of 30.39% and a return on equity of 16.44%. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.61 billion. During the same quarter in the prior year, the firm earned $7.85 EPS. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. On average, analysts predict that BlackRock will post 38.04 EPS for the current year.

In other BlackRock news, Director Mark Mccombe sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, April 27th. The stock was sold at an average price of $815.32, for a total value of $815,320.00. Also, Director Mark Wiedman sold 175 shares of the firm’s stock in a transaction dated Thursday, July 15th. The stock was sold at an average price of $884.50, for a total value of $154,787.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,843 shares of company stock worth $28,391,112. Insiders own 1.16% of the company’s stock.

BLK has been the subject of a number of research reports. increased their target price on BlackRock from $950.00 to $1,000.00 and gave the company a “buy” rating in a research report on Friday, April 16th. Wells Fargo & Company increased their target price on BlackRock from $875.00 to $890.00 and gave the company an “overweight” rating in a research report on Wednesday, April 7th. Deutsche Bank Aktiengesellschaft lowered their price target on BlackRock from $1,018.00 to $1,001.00 and set a “buy” rating for the company in a research report on Thursday, July 15th. Citigroup raised their price target on BlackRock from $1,000.00 to $1,050.00 and gave the stock a “buy” rating in a research report on Monday, July 12th. Finally, BMO Capital Markets raised their price target on BlackRock from $773.00 to $803.00 and gave the stock a “market perform” rating in a research report on Thursday, July 15th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $943.17.

BlackRock Company Profile

BlackRock, Inc engages in providing investment management, risk management, and advisory services for institutional and retail clients worldwide. Its products include single and multi-asset class portfolios investing in equities, fixed income, alternatives, and money market instruments. The company was founded by Ralph L.

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Dividend History for BlackRock (NYSE:BLK)

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