BlackRock (NYSE:BLK – Get Free Report) issued its quarterly earnings data on Monday. The asset manager reported $10.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.96 by $0.40, RTT News reports. BlackRock had a net margin of 32.26% and a return on equity of 15.24%. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the company earned $9.28 earnings per share. BlackRock’s revenue for the quarter was up 7.7% on a year-over-year basis.
BlackRock Stock Performance
BLK stock opened at $827.97 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.32 and a current ratio of 5.32. The stock has a market capitalization of $123.04 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.71 and a beta of 1.32. BlackRock has a 1 year low of $596.18 and a 1 year high of $845.00. The stock’s fifty day moving average is $787.33 and its two-hundred day moving average is $792.86.
BlackRock Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were paid a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Friday, June 7th. BlackRock’s payout ratio is 51.84%.
Analysts Set New Price Targets
View Our Latest Stock Analysis on BlackRock
Insider Buying and Selling at BlackRock
In related news, CEO Laurence Fink sold 30,978 shares of BlackRock stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $807.29, for a total transaction of $25,008,229.62. Following the sale, the chief executive officer now directly owns 383,168 shares in the company, valued at $309,327,694.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Laurence Fink sold 30,978 shares of BlackRock stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $807.29, for a total transaction of $25,008,229.62. Following the sale, the chief executive officer now directly owns 383,168 shares in the company, valued at $309,327,694.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark Wiedman sold 9,000 shares of BlackRock stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $795.00, for a total transaction of $7,155,000.00. Following the sale, the director now owns 6,480 shares in the company, valued at $5,151,600. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.
BlackRock Company 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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