Trust Co. of Oklahoma Buys 120 Shares of BlackRock, Inc. (NYSE:BLK)

Trust Co. of Oklahoma grew its stake in shares of BlackRock, Inc. (NYSE:BLK) by 4.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,558 shares of the asset manager’s stock after buying an additional 120 shares during the period. Trust Co. of Oklahoma’s holdings in BlackRock were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Destination Wealth Management increased its position in BlackRock by 1.7% in the first quarter. Destination Wealth Management now owns 1,253 shares of the asset manager’s stock worth $535,000 after purchasing an additional 21 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its stake in BlackRock by 11.6% in the first quarter. Winslow Evans & Crocker Inc. now owns 212 shares of the asset manager’s stock worth $94,000 after acquiring an additional 22 shares during the period. Bangor Savings Bank raised its holdings in BlackRock by 1.5% in the second quarter. Bangor Savings Bank now owns 1,483 shares of the asset manager’s stock worth $696,000 after purchasing an additional 22 shares in the last quarter. Somerset Trust Co raised its holdings in BlackRock by 0.6% in the first quarter. Somerset Trust Co now owns 3,678 shares of the asset manager’s stock worth $1,572,000 after purchasing an additional 23 shares in the last quarter. Finally, SlateStone Wealth LLC raised its holdings in BlackRock by 0.6% in the first quarter. SlateStone Wealth LLC now owns 4,167 shares of the asset manager’s stock worth $1,781,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 81.68% of the company’s stock.

BLK has been the subject of a number of recent research reports. Citigroup boosted their target price on shares of BlackRock from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Morgan Stanley increased their price target on shares of BlackRock from $550.00 to $553.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Barclays increased their price target on shares of 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 price target on shares of BlackRock from $515.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Finally, Wells Fargo & Co increased their price target on shares of BlackRock from $460.00 to $480.00 and gave the stock an “average” rating in a report on Wednesday, April 17th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $499.03.

NYSE:BLK traded down $16.73 during midday trading on Monday, hitting $431.49. The company’s stock had a trading volume of 420,919 shares, compared to its average volume of 492,418. BlackRock, Inc. has a fifty-two week low of $360.79 and a fifty-two week high of $494.91. The company’s 50 day simple moving average is $469.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 3.49 and a current ratio of 3.49. The company has a market capitalization of $69.26 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 1.66 and a beta of 1.52.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Thursday, September 5th will be given a $3.30 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $13.20 annualized dividend and a yield of 3.06%. BlackRock’s dividend payout ratio is presently 49.02%.

BlackRock Profile

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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