Economy

New York State Teachers Retirement System Reduces Position in BlackRock, Inc. (BLK)

Country Club Trust Company n.a. acquired a new stake in shares of BlackRock, Inc. First Financial Bank N.A. Trust Division now owns 17,157 shares of the asset manager's stock worth $6,580,000 after buying an additional 271 shares during the last quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Twin Cap Mgmt owns 0.39% invested in BlackRock, Inc. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of BlackRock by 0.5% in the first quarter. Heritage Investors Management Corp now owns 27,100 shares of the asset manager's stock valued at $10,393,000 after buying an additional 1,273 shares during the last quarter. Alpha Windward LLC boosted its position in shares of BlackRock by 0.6% in the first quarter. JNBA Financial Advisors raised its position in shares of BlackRock by 0.4% in the first quarter. Torch Wealth Management LLC's holdings in BlackRock were valued $562,000 during the latest fiscal quarter. Proficio Capital Partners LLC now owns 259 shares of the asset manager's stock valued at $103,000 after buying an additional 85 shares during the period. The fund owned 671 shares of the asset manager's stock after selling 959 shares during the period.

Shares of BlackRock (BLK) opened at 424.16 on Friday. Accern also gave media headlines about the asset manager an impact score of 46.1743165559992 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.

BlackRock, Inc. now has a P/E ratio of 20.45 and the market cap of the company is 69.10B. The company has a 50-day moving average price of $428.03 and a 200 day moving average price of $399.68.

BlackRock, Inc. has a 52 week low of $336.84 and a 52 week high of $442.84.

BlackRock (NYSE:BLK) last announced its earnings results on Monday, July 17th. The asset manager reported $5.24 earnings per share for the quarter, missing the Zacks' consensus estimate of $5.39 by $0.15. BlackRock, Inc. (NYSE:BLK) has risen 12.19% since August 11, 2016 and is uptrending. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter past year, the company posted $4.78 EPS. The company's revenue was up 5.7% compared to the same quarter previous year. Equities analysts forecast that BlackRock will post $21.85 earnings per share for the current year. Additionally the company declared a dividend for shareholders that will be paid on Friday the 22nd of September 2017. Investors of record on Tuesday, September 5th will be given a dividend of $2.50 per share. Davis R M Inc. now owns 564 shares of the asset manager's stock worth $238,000 after buying an additional 2 shares in the last quarter. The ex-dividend date is Thursday, August 31st. BlackRock's payout ratio is 47.98%.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another domain, it was stolen and republished in violation of United States and global copyright laws. The correct version of this article can be accessed at https://weekherald.com/2017/08/12/first-midwest-bank-trust-division-has-1-16-million-stake-in-blackrock-inc-nyseblk.html. BlackRock had 61 analyst reports since August 26, 2015 according to SRatingsIntel. BidaskClub upgraded BlackRock from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 1st. Tiaa Cref Investment Management LLC owns 431,279 shares worth $182,177,000. Wells Fargo & Company reissued a "market perform" rating and issued a $425.00 price target (up from $380.00) on shares of BlackRock in a research note on Wednesday, July 12th. Bank of America Corporation reaffirmed a "buy" rating and set a $450.00 price target on shares of BlackRock in a research note on Monday, June 19th. Citigroup maintained it with "Buy" rating and $340 target in Thursday, April 14 report. The firm has "Buy" rating given on Friday, October 2 by Argus Research. On Wednesday, October 19 the stock rating was maintained by UBS with "Buy".

Stocks of BlackRock, (NYSE:BLK) transacted up 0.35% through out intraday market trading on early Friday, topping $424.16. the share had a trading volume of 807,059 Stocks. the share has a company valuation of $68.80 B, a price to earnings ratio of 20.36 along with a stock beta of 1.71. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeff A. Smith sold 522 shares of BlackRock stock in a transaction that occurred on Tuesday, July 18th. 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. Moreover, American Investment Services Inc. has 10.03% invested in the company for 204,743 shares. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide.



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