Slow Capital Inc. raised its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,655 shares of the asset manager’s stock after buying an additional 283 shares during the quarter. BlackRock comprises 1.5% of Slow Capital Inc.’s investment portfolio, making the stock its 9th largest holding. Slow Capital Inc.’s holdings in BlackRock were worth $3,592,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Wedbush Securities Inc. raised its stake in BlackRock by 11.2% during the second quarter. Wedbush Securities Inc. now owns 2,716 shares of the asset manager’s stock worth $1,275,000 after acquiring an additional 273 shares in the last quarter. Capital Advisors Ltd. LLC raised its stake in BlackRock by 93.4% during the second quarter. Capital Advisors Ltd. LLC now owns 236 shares of the asset manager’s stock worth $111,000 after acquiring an additional 114 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in BlackRock by 19.8% during the second quarter. CIBC Private Wealth Group LLC now owns 414,204 shares of the asset manager’s stock worth $194,386,000 after acquiring an additional 68,510 shares in the last quarter. Cibc Bank USA raised its stake in BlackRock by 15.2% during the second quarter. Cibc Bank USA now owns 1,611 shares of the asset manager’s stock worth $755,000 after acquiring an additional 212 shares in the last quarter. Finally, Cape ANN Savings Bank raised its stake in BlackRock by 5.0% during the second quarter. Cape ANN Savings Bank now owns 1,838 shares of the asset manager’s stock worth $863,000 after acquiring an additional 88 shares in the last quarter. Institutional investors own 81.77% of the company’s stock.

BlackRock stock traded up $8.27 during mid-day trading on Tuesday, hitting $424.71. The stock had a trading volume of 686,677 shares, compared to its average volume of 527,718. The firm’s 50-day moving average is $464.77. The firm has a market cap of $65.75 billion, a PE ratio of 15.77, a PEG ratio of 1.58 and a beta of 1.51. BlackRock, Inc. has a 12 month low of $360.79 and a 12 month high of $492.00. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.49 and a quick ratio of 3.49.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, July 19th. The asset manager reported $6.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.52 by ($0.11). BlackRock had a net margin of 30.25% and a return on equity of 13.23%. The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the prior year, the business earned $6.66 EPS. BlackRock’s revenue was down 2.2% on a year-over-year basis. Research analysts forecast that BlackRock, Inc. will post 27.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Thursday, September 5th will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Wednesday, September 4th. BlackRock’s payout ratio is 49.02%.

Several analysts have recently commented on BLK shares. Barclays increased their target price on BlackRock from $515.00 to $540.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. UBS Group increased their target price on BlackRock from $515.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Citigroup increased their target price on BlackRock from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, April 15th. JPMorgan Chase & Co. decreased their target price on BlackRock from $527.00 to $525.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Finally, Morgan Stanley increased their target price on BlackRock from $550.00 to $553.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $499.03.

About BlackRock

BlackRock, Inc is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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