WINTON GROUP Ltd Purchases New Position in BlackRock, Inc. (NYSE:BLK)

Paterniano Del Favero
Luglio 17, 2017

He noted that the firm had long-term net inflows (cash that is invested for the longer term rather than traders moving in and out of liquid products such as money-market funds) across all product types and investment styles, and added: "The organic growth that BlackRock is experiencing is a direct result of the investments we've made over time to build our platform". But the asset manager had its first net outflows from Europe since the final quarter of 2015, with a net $8.9bn being pulled by clients in Europe, the Middle East and Africa during the three-month period. AQR Capital Management LLC boosted its stake in BlackRock by 51.0% in the fourth quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in BlackRock by 95.5% in the fourth quarter. Israel Discount Bank of New York GFN purchased a new position in BlackRock during the fourth quarter valued at $162,000. First Allied Advisory Services Inc. now owns 6,044 shares of the asset manager's stock valued at $2,300,000 after buying an additional 421 shares during the last quarter.

Shares of BlackRock, Inc. (NYSE:BLK) opened at 438.34 on Friday. 766,228 shares of the stock traded hands. BlackRock, Inc. The stock has a 50-day moving average price of $410.09 and a 200-day moving average price of $390.31. The company has a market capitalization of $71.39 billion, a P/E ratio of 21.54 and a beta of 1.71.

The biggest institutional shareholders in BlackRock, Inc. include Government Pension Fund of Norway - Global which owns 12 million shares in the company valued at $3.74 B million.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, April 19th. The reported figure was up from 5% from the year-ago quarter. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.86 billion. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter past year, the firm earned $4.25 EPS.

BlackRock, the largest asset manager in the world, posted second-quarter earnings and revenue that missed expectations.

The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Monday, June 5th were paid a dividend of $2.50 per share. The ex-dividend date was Thursday, June 1st. This dividend amount represented a yeild of $2.32. BlackRock's dividend payout ratio (DPR) is 49.14%. The value of the investment in (BLK) went from $233,000 to $236,000 increasing 1.3% for the reporting period. If you are accessing this story on another domain, it was stolen and reposted in violation of United States and worldwide trademark & copyright laws. The legal version of this story can be viewed at https://transcriptdaily.com/2017/07/16/peapack-gladstone-financial-corp-has-22-27-million-position-in-blackrock-inc-blk-updated-updated.html.

BLK has been the subject of several analyst reports. Deutsche Bank AG reissued a "buy" rating and set a $441.00 target price (down from $449.00) on shares of BlackRock in a research report on Saturday, April 22nd. Wells Fargo & Company reiterated a "market perform" rating and set a $425.00 target price (up from $380.00) on shares of BlackRock in a report on Wednesday. Zacks Investment Research raised BlackRock from a "hold" rating to a "buy" rating and set a $480.00 price target for the company in a report on Tuesday, June 20th. Finally, BidaskClub raised BlackRock from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 1st. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of "Buy" and an average price target of $428.36. Also, insider Mark Mccombe sold 500 shares of the firm's stock in a transaction on Friday, May 26th. The shares were sold at an average price of $405.98, for a total transaction of $202,990.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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