Economia

Amalgamated Bank Bought A Lot More BlackRock, Inc. (BLK) Stock Last Quarter

Amalgamated Bank Bought A Lot More BlackRock, Inc. (BLK) Stock Last Quarter

Proficio Capital Partners LLC increased its stake in BlackRock by 48.9% in the first quarter. (NYSE:BLK) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,683,577 shares of the asset manager's stock after selling 543,724 shares during the period. New York State Teachers Retirement System owned approximately 0.13% of BlackRock worth $80,024,000 as of its most recent filing with the SEC. Heritage Investors Management Corp increased its stake in BlackRock by 4.9% in the first quarter. The Rnc Capital Management Llc holds 65,936 shares with $25.09 million value, up from 63,904 last quarter. Viking Fund Management LLC increased its stake in BlackRock by 61.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,012 shares of the asset manager's stock worth $772,000 after buying an additional 10 shares during the last quarter. The Rafferty Asset Management Llc holds 6,298 shares with $2.40M value, down from 8,042 last quarter. Finally, Adirondack Trust Co. increased its position in shares of BlackRock by 7.1% in the first quarter. The institutional investor owned 3,162 shares of the asset manager's stock at the end of the first quarter.

Want to see what other hedge funds are holding BLK? BlackRock has a 52 week low of $336.84 and a 52 week high of $442.84.

The company is so far trading up since yesterday's close of $428.795. The firm has a market capitalization of $68.80 billion, a P/E ratio of 20.36 and a beta of 1.71. The company's 50 day moving average price is $427.95 and its 200 day moving average price is $399.18.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Monday, July 17th. BlackRock had a net margin of 29.92% and a return on equity of 11.74%. The firm had revenue of $2.97 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same quarter in the prior year, the business earned $4.78 earnings per share. The business's quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts expect that BlackRock, Inc. will post $21.85 EPS for the current year. The company also recently declared a dividend for shareholders which will be paid on Friday the 22nd of September 2017. The ex-dividend date will be on Thursday the 1st of June 2017. BlackRock's dividend payout ratio (DPR) is 47.98%.

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Several equities analysts have recently issued reports on BLK shares. Zacks Investment Research downgraded shares of BlackRock from a "buy" rating to a "hold" rating in a research report on Wednesday, July 19th. Morgan Stanley reiterated an "overweight" rating and issued a $460.00 price target (up previously from $422.00) on shares of BlackRock in a report on Monday, July 10th. Wells Fargo & Company reiterated a "market perform" rating and issued a $425.00 price objective (up from $380.00) on shares of BlackRock in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of BlackRock from a "hold" rating to a "buy" rating and set a $480.00 price target on the stock in a research report on Tuesday, June 20th. (NYSE:BLK) has "Buy" rating given on Tuesday, July 18 by Deutsche Bank. Country Trust Bank sold 925 shares as Blackrock Inc Common (BLK)'s stock rose 1.17%. The transaction was disclosed in a document filed with the SEC, which is available at this link.

In other news, insider Mark Mccombe sold 500 shares of BlackRock stock in a transaction on Friday, May 26th. The Bremer Trust National Association holds 6,448 shares with $2.45 million value, down from 8,187 last quarter. Following the sale, the director now owns 484,386 shares in the company, valued at $200,685,963.66. The disclosure for this sale can be found here. JNBA Financial Advisors now owns 910 shares of the asset manager's stock worth $349,000 after buying an additional 4 shares during the last quarter. Company insiders own 1.86% of the company's stock. Moreover, American Investment Services Inc. has 10.03% invested in the company for 204,743 shares.

Chevron Corporation manages its investments in subsidiaries and affiliates, and provides administrative, financial, management and technology support to the United States and global subsidiaries that engage in integrated energy and chemicals operations. 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). Ashfield Cap Ptnrs Ltd holds 0.67% or 18,016 shares.