BlackRock, Inc. (BLK) Investment Increased by Amalgamated Bank

Ingalls And Snyder has invested 0.02% in BlackRock, Inc.

Other hedge funds and other institutional investors have also made changes to their positions in the company. As of quarter end Vision Capital Management, Inc. had disposed of 75 shares trimming its stake by 2.1%. Vanguard Group has an ownership of 7,794,209 stocks of the asset manager's shares valued $2,989,157,000 after scooping up an extra 250,431 shares through out the quarter. Vanguard Group Inc. increased its position in BlackRock by 3.3% in the first quarter. State of Alaska Department of Revenue purchased a new stake in BlackRock during the first quarter valued at $108,000.

Country Club Trust Company n.a. acquired a new stake in shares of BlackRock, Inc. Viking Fund Management LLC increased its stake in BlackRock by 61.9% in the first quarter. Its investment was worth $5,902,000 an increase of 76.3% as of quarter end. JNBA Financial Advisors raised its position in shares of BlackRock by 0.4% in the first quarter. Renaissance Technologies LLC now owns 199,968 shares of the asset manager's stock worth $76,690,000 after buying an additional 114,854 shares in the last quarter.

Want to see what other hedge funds are holding BLK? About shares traded. BlackRock, Inc.

About 1.03M shares traded. The firm has a market cap of $68.80 billion, a price-to-earnings ratio of 20.36 and a beta of 1.71. BlackRock has a 52 week low of $336.84 and a 52 week high of $442.84.

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Company chares are trading at $422.69 just below $428.00, the stock's 50 day moving average and significantly above the 200 day moving average of $399.35.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Monday, July 17th. The asset manager reported $5.24 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $5.39 by $0.15. Los Angeles Capital Management Equity Research reported 29,882 shares stake. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period past year, the business earned $4.78 earnings per share. BlackRock's revenue was up 5.7% compared to the same quarter previous year. In the latest earnings report the EPS was $20.83 and is expected to be $21.85 for the current year with 162,207,000 shares now outstanding.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Tuesday, September 5th will be given a dividend of $2.50 per share. The ex-dividend date will be on Thursday June 1st, 2017. The dividend payment will be $2.500 per share for the quarter which comes to $10.00 on an annualized basis. BlackRock's dividend payout ratio (DPR) is presently 47.98%. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States and global copyright legislation. The original version of this piece of content can be viewed at (NYSE:BLK). Next Gru Incorporated stated it has 275 shares. Finally, Wells Fargo & Company restated a "market perform" rating and set a $425.00 price objective (up previously from $380.00) on shares of BlackRock in a report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded BlackRock from a "hold" rating to a "buy" rating and set a $480.00 target price for the company in a report on Tuesday, June 20th. Keefe, Bruyette & Woods reiterated a "hold" rating and issued a $440.00 price target on shares of BlackRock in a report on Friday, July 14th.

Among 2 analysts covering Destination XL Group (NASDAQ:DXLG), 2 have Buy rating, 0 Sell and 0 Hold. BlackRock has a consensus rating of "Buy" and a consensus target price of $434.93. Also, insider Mark Mccombe sold 500 shares of the business's stock in a transaction on Friday, May 26th. The shares were sold at an average price of $405.98, for a total value of $202,990.00. Following the transaction, the director now directly owns 484,386 shares of the company's stock, valued at approximately $200,685,963.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The total value of its holdings increased 8.1%. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,772 shares of company stock worth $1,567,516. The stock declined 1.86% or $8.02 reaching $423.46 per share. Alyeska Investment Gru LP invested 0.31% of its portfolio in BlackRock, Inc. The Firm provides clients with a focused selection of fashion and fashion basic merchandise through its retail stores and e-commerce channel. The Company's diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients. (NYSE:BLK). Renaissance Invest Limited Co holds 9,949 shares.

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