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.
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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