BlackRock, Inc. (BLK) Shares Bought by Hartford Investment Management Co

Research analysts expect BlackRock to earn $25.39 per share next year, which means the company should continue to be able to cover its $10.00 annual dividend with an expected future payout ratio of 39.4%.

South Texas Money Management Ltd, which manages about $2.17B and $2.03 billion US Long portfolio, decreased its stake in Bank Of America Corp (NYSE:BAC) by 33,800 shares to 2.31M shares, valued at $56.05M in 2017Q2, according to the filing. Massmutual Trust Fsb Adv owns 0% invested in BlackRock, Inc. Blackrock Inc invested in 0.15% or 6.75 million shares. Barings LLC's holdings in BlackRock were worth $452,000 at the end of the most recent reporting period. Stevens Capital Mgmt Lp accumulated 0.59% or 37,060 shares. Franklin Street Advisors Inc acquired 2,754 shares as Blackrock Inc Com (BLK)'s stock rose 1.17%. West Family Investments Inc. owns 558,815 shares or 1.26% of their United States portfolio. Veritable Limited Partnership has 0.04% invested in BlackRock, Inc. Covington Capital Management now owns 32,852 shares of the asset manager's stock valued at $12,599,000 after purchasing an additional 229 shares in the last quarter. Enterprise Financial Services Corp grew its position in BlackRock by 52.5% in the second quarter. Maplelane Capital Limited holds 0% or 20,000 shares.

New York: In analysts note sent to investors and clients on Wednesday, 11 October, KBW reconfirmed their "Hold" rating on Blackrock Inc (NYSE:BLK) shares. Blackrock Inc Com now has $81.79 billion valuation. The stock of BlackRock, Inc. Lowe Brockenbrough Co invested in 4,217 shares. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the sale, the director now owns 481,915 shares of the company's stock, valued at approximately $243,897,181.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

In other news, insider Mark Mccombe sold 1,000 shares of the company's stock in a transaction dated Thursday, October 12th. $443.80's average target is -13.60% below currents $513.63 stock price. The disclosure for this sale can be found here.

Shares of BlackRock (BLK) traded up $5.12 during trading hours on Friday, hitting $511.87.

Analyst Earnings Forecast Screen: Bank of the Ozarks (OZRK)
The institutional investor purchased 53,654 shares of the financial services provider's stock, valued at approximately $2,791,000. Cetera Advisor Limited Company reported 0.02% of its portfolio in Bank of the Ozarks (NASDAQ:OZRK). (NYSE:JEC) for 12,135 shares.

A number of equities analysts have commented on the stock. BidaskClub downgraded shares of BlackRock from a "buy" rating to a "hold" rating in a report on Wednesday, August 23rd. (NYSE:BLK) on Friday, July 15 to "Market Perform" rating. Jefferies Group reissued a "hold" rating and set a $440.00 target price on shares of BlackRock in a report on Tuesday, September 26th. The rating was maintained by Credit Suisse with "Outperform" on Tuesday, July 18. (NYSE:BLK) on Monday, January 18 with "Buy" rating. The stock presently has a consensus rating of "Buy" and an average target price of $489.08. More interesting news about BlackRock, Inc. UBS upgraded the shares of BLK in report on Friday, October 2 to "Buy" rating. About 385,286 shares traded or 166.18% up from the average. BlackRock has a 1-year low of $365.83 and a 1-year high of $518.88. The company has market cap of $540.43 million.

News headlines about BlackRock (NYSE:BLK) have trended somewhat positive recently, Accern Sentiment reports. The asset manager reported $5.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.49 by $0.43. BlackRock had a return on equity of 12.01% and a net margin of 29.52%. The company's revenue for the quarter was up 14.0% compared to the same quarter last year. research analysts predict that BlackRock will post 22.34 EPS for the current fiscal year. The company was upgraded on Thursday, September 28 by Goldman Sachs. Windward Management Com Ca reported 46,836 shares. This represents a $10.00 dividend on an annualized basis and a dividend yield of 1.97%. BlackRock's payout ratio is now 46.82%. The company was initiated on Friday, September 8 by Barclays Capital. "(BLK) Stake Lessened by Boston Private Wealth LLC" was reported by Week Herald and is the sole property of of Week Herald.

COPYRIGHT VIOLATION NOTICE: This piece was first published by TrueBlueTribune and is owned by of TrueBlueTribune. The Washington-based Harbour Management Ltd Limited Liability Company has invested 1.43% in BlackRock, Inc.

Tidewater Inc. provides offshore service vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide.

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