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

Larry Fink

Larry Fink

(NYSE:BLK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Wells Fargo & Company MN now owns 2,041,394 shares of the asset manager's stock worth $782,896,000 after buying an additional 80,433 shares during the last quarter. Papp L Roy & Associates' holdings in BlackRock were worth $19,363,000 at the end of the most recent reporting period. Legal & General Group Plc raised its stake in shares of BlackRock by 3.4% in the first quarter. Norges Bank is the second biggest holder with 8 million shares now valued at 3.10 B million whilst Vanguard Group Inc has 8 million shares valued at 2.99 B million.

Hartland & Co. LLC bought a new position in BlackRock, Inc.

Want to see what other hedge funds are holding BLK? BlackRock, Inc. has a 12-month low of $336.84 and a 12-month high of $437.01. (NYSE:BLK) opened at 438.34 on Friday. The company has a 50-day moving average price of $410.09 and a 200-day moving average price of $390.31. The fund owned 58,073 shares of the asset manager's stock after buying an additional 1,122 shares during the period. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.86 billion.

BlackRock's assets under management rose 16% to $5.69 trillion from a year ago, boosted by $103.62 billion in net inflows. The business's revenue was up 7.6% on a year-over-year basis.

Shares of BlackRock, Inc.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Monday, June 5th were issued a $2.50 dividend. The ex-dividend date was set for Thursday the 1st of June 2017. This dividend amount represented a yeild of $2.32. BlackRock's payout ratio is now 49.14%. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & worldwide copyright & trademark legislation. The original version of this article can be viewed at

BLK has been the topic of a number of research analyst reports. Finally, Jefferies Group LLC reissued a "hold" rating and set a $387.00 price target on shares of BlackRock in a report on Wednesday, May 17th. Bank of America Corporation reaffirmed a "buy" rating and set a $450.00 target price on shares of BlackRock in a research report on Monday, June 19th. Deutsche Bank AG raised their price objective on BlackRock from $447.00 to $449.00 and gave the company a "buy" rating in a report on Tuesday, July 4th. BidaskClub upgraded BlackRock from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 1st. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock.

As a result, the company overall surpassed the Zacks Consensus Estimate by an average of 2.56% in the trailing four quarters.

In other BlackRock news, insider Mark Mccombe sold 500 shares of the business's stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $405.98, for a total transaction of $202,990.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

In other BlackRock news, Director Susan Wagner sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $414.31, for a total value of $1,035,775.00. The disclosure for this sale can be found here. During the quarter, investors added $8 billion to the company's actively managed products while investing $73.8 billion into iShares and indexed funds. Cim Investment Mangement Inc. raised its stake in BlackRock by 1.2% in the fourth quarter. BlackRock offers its Aladdin investment system, as well as risk management, outsourcing, advisory and technology services, to institutional investors and wealth management intermediaries under the BlackRock Solutions (BRS) name.

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