Insider Buying: BlackRock, Inc. (BLK) Director Acquires 1000 Shares of Stock

BlackRock, Inc. (NYSE:BLK) Director William E. Ford bought 1,000 shares of the business’s stock in a transaction dated Thursday, August 2nd.

BlackRock logoBlackRock, Inc. (NYSE:BLK) Director William E. Ford bought 1,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were bought at an average cost of $467.92 per share, for a total transaction of $467,920.00. Following the transaction, the director now owns 5,400 shares in the company, valued at approximately $2,526,768. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BlackRock stock opened at $474.15 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.87 and a quick ratio of 3.87. BlackRock, Inc. has a one year low of $408.62 and a one year high of $594.52. The stock has a market capitalization of $76.71 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.49 and a beta of 1.61.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Monday, July 16th. The asset manager reported $6.66 EPS for the quarter, beating analysts’ consensus estimates of $6.55 by $0.11. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.58 billion. BlackRock had a return on equity of 13.20% and a net margin of 38.97%. The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $5.24 earnings per share. equities analysts predict that BlackRock, Inc. will post 27.71 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 24th. Shareholders of record on Friday, September 7th will be issued a $3.13 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $2.88. This represents a $12.52 annualized dividend and a yield of 2.64%. The ex-dividend date is Thursday, September 6th. BlackRock’s dividend payout ratio (DPR) is presently 50.97%.

Several equities analysts have commented on the company. JPMorgan Chase & Co. set a $547.00 price objective on BlackRock and gave the company a “buy” rating in a research report on Sunday, July 8th. Citigroup upgraded BlackRock from a “neutral” rating to a “buy” rating in a report on Monday, June 18th. Morgan Stanley lowered their target price on BlackRock from $624.00 to $607.00 and set an “overweight” rating for the company in a report on Thursday, July 12th. Keefe, Bruyette & Woods upgraded BlackRock from a “market perform” rating to an “outperform” rating and set a $590.00 target price for the company in a report on Friday, July 13th. Finally, Barclays lowered their target price on BlackRock from $615.00 to $595.00 and set an “overweight” rating for the company in a report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $594.25.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in BlackRock by 2.1% in the second quarter. BlackRock Inc. now owns 7,601,685 shares of the asset manager’s stock valued at $3,793,546,000 after purchasing an additional 153,749 shares during the period. Summit Trail Advisors LLC lifted its position in shares of BlackRock by 53,902.3% in the first quarter. Summit Trail Advisors LLC now owns 1,274,454 shares of the asset manager’s stock valued at $1,274,000 after acquiring an additional 1,272,094 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of BlackRock by 2.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 476,036 shares of the asset manager’s stock valued at $237,562,000 after acquiring an additional 12,785 shares in the last quarter. Royal Bank of Canada lifted its position in shares of BlackRock by 6.9% in the first quarter. Royal Bank of Canada now owns 452,599 shares of the asset manager’s stock valued at $245,183,000 after acquiring an additional 29,222 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. lifted its position in shares of BlackRock by 1.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 448,835 shares of the asset manager’s stock valued at $243,142,000 after acquiring an additional 6,507 shares in the last quarter. 84.12% of the stock is currently owned by institutional investors.

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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Insider Buying and Selling by Quarter for BlackRock (NYSE:BLK)

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Altman Advisors Inc. Purchases 183406 Shares of BlackRock, Inc. (NYSE:BLK)

Altman Advisors Inc. grew its position in shares of BlackRock, Inc. (NYSE:BLK) by 3,276.3% during the second quarter, according to its most recent …

BlackRock logoAltman Advisors Inc. grew its position in shares of BlackRock, Inc. (NYSE:BLK) by 3,276.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 189,004 shares of the asset manager’s stock after purchasing an additional 183,406 shares during the quarter. BlackRock makes up 2.0% of Altman Advisors Inc.’s holdings, making the stock its 20th biggest holding. Altman Advisors Inc. owned approximately 0.12% of BlackRock worth $2,140,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in BLK. Summit Trail Advisors LLC boosted its stake in shares of BlackRock by 53,902.3% during the first quarter. Summit Trail Advisors LLC now owns 1,274,454 shares of the asset manager’s stock valued at $1,274,000 after purchasing an additional 1,272,094 shares in the last quarter. FIL Ltd boosted its stake in shares of BlackRock by 386.0% during the first quarter. FIL Ltd now owns 322,223 shares of the asset manager’s stock valued at $174,555,000 after purchasing an additional 255,927 shares in the last quarter. BlackRock Inc. boosted its stake in shares of BlackRock by 2.6% during the first quarter. BlackRock Inc. now owns 7,447,936 shares of the asset manager’s stock valued at $4,034,698,000 after purchasing an additional 192,139 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of BlackRock during the second quarter valued at about $377,000. Finally, Bessemer Group Inc. boosted its stake in shares of BlackRock by 6,346.5% during the second quarter. Bessemer Group Inc. now owns 183,724 shares of the asset manager’s stock valued at $91,685,000 after purchasing an additional 180,874 shares in the last quarter. 84.12% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently commented on the company. JPMorgan Chase & Co. reissued a “focus list” rating and set a $547.00 price target on shares of BlackRock in a research note on Monday, July 2nd. Keefe, Bruyette & Woods raised BlackRock from a “market perform” rating to an “outperform” rating and set a $590.00 price target on the stock in a research note on Friday, July 13th. Goldman Sachs Group cut their price target on BlackRock to $570.00 and set a “buy” rating on the stock in a research note on Tuesday, July 17th. ValuEngine lowered BlackRock from a “buy” rating to a “hold” rating in a research note on Friday, June 15th. Finally, Deutsche Bank cut their price target on BlackRock from $570.00 to $561.00 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $594.25.

BlackRock stock opened at $474.15 on Friday. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $76.71 billion, a P/E ratio of 20.98, a P/E/G ratio of 1.49 and a beta of 1.61. BlackRock, Inc. has a one year low of $408.62 and a one year high of $594.52.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Monday, July 16th. The asset manager reported $6.66 EPS for the quarter, topping the Zacks’ consensus estimate of $6.55 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.58 billion. BlackRock had a return on equity of 13.20% and a net margin of 38.97%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $5.24 earnings per share. equities analysts predict that BlackRock, Inc. will post 27.71 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 24th. Investors of record on Friday, September 7th will be paid a $3.13 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $2.88. This represents a $12.52 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Thursday, September 6th. BlackRock’s payout ratio is currently 50.97%.

In other BlackRock news, insider Jeff A. Smith sold 166 shares of BlackRock stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $546.13, for a total value of $90,657.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William E. Ford bought 1,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was acquired at an average price of $467.92 per share, with a total value of $467,920.00. Following the completion of the acquisition, the director now owns 5,400 shares of the company’s stock, valued at approximately $2,526,768. The disclosure for this purchase can be found here. 1.75% of the stock is owned by 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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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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Allianz Asset Management GmbH Has $1.01 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

WINTON GROUP Ltd purchased a new stake in Louisiana-Pacific in the first quarter valued at approximately $341,000. Wesbanco Bank Inc.

Louisiana-Pacific logoAllianz Asset Management GmbH decreased its position in Louisiana-Pacific Co. (NYSE:LPX) by 26.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,021 shares of the construction company’s stock after selling 12,273 shares during the period. Allianz Asset Management GmbH’s holdings in Louisiana-Pacific were worth $1,008,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Louisiana-Pacific by 2.4% in the first quarter. Principal Financial Group Inc. now owns 642,424 shares of the construction company’s stock valued at $18,483,000 after buying an additional 15,148 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Louisiana-Pacific in the first quarter valued at approximately $341,000. Wesbanco Bank Inc. purchased a new stake in Louisiana-Pacific during the first quarter worth approximately $2,515,000. CIBC World Markets Inc. purchased a new stake in Louisiana-Pacific during the first quarter worth approximately $326,000. Finally, Moors & Cabot Inc. grew its stake in Louisiana-Pacific by 69.5% during the first quarter. Moors & Cabot Inc. now owns 14,452 shares of the construction company’s stock worth $416,000 after buying an additional 5,925 shares during the period. 92.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of Louisiana-Pacific stock traded up $0.59 during trading on Friday, hitting $30.19. 2,128,300 shares of the stock were exchanged, compared to its average volume of 1,720,757. The firm has a market capitalization of $4.09 billion, a P/E ratio of 12.96, a P/E/G ratio of 1.95 and a beta of 1.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.57 and a current ratio of 5.68. Louisiana-Pacific Co. has a 12 month low of $23.39 and a 12 month high of $31.19.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, August 7th. The construction company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.98 by $0.10. The business had revenue of $810.80 million during the quarter, compared to analyst estimates of $788.55 million. Louisiana-Pacific had a net margin of 16.85% and a return on equity of 28.21%. sell-side analysts forecast that Louisiana-Pacific Co. will post 2.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $0.52 dividend on an annualized basis and a yield of 1.72%. Louisiana-Pacific’s dividend payout ratio is presently 22.32%.

Louisiana-Pacific announced that its board has initiated a share repurchase program on Tuesday, August 7th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 3.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 4th. BMO Capital Markets reissued a “sell” rating and set a $27.00 target price on shares of Louisiana-Pacific in a research report on Tuesday, April 24th. ValuEngine cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. DA Davidson raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 8th. Finally, Bank of America raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Monday, July 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Louisiana-Pacific has an average rating of “Hold” and a consensus price target of $33.25.

In other Louisiana-Pacific news, Director Gary Cook sold 2,558 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $29.00, for a total transaction of $74,182.00. Following the completion of the sale, the director now directly owns 52,697 shares of the company’s stock, valued at $1,528,213. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lizanne C. Gottung sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $29.25, for a total transaction of $204,750.00. Following the sale, the director now directly owns 18,115 shares of the company’s stock, valued at $529,863.75. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

Further Reading: Earnings Per Share (EPS) Explained

Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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BlackRock Inc. Reduces Holdings in Triangle Capital Co. (TCAP)

BlackRock Inc. decreased its stake in Triangle Capital Co. (NYSE:TCAP) by 13.8% in the 1st quarter, according to its most recent Form 13F filing with …

Triangle Capital logoBlackRock Inc. decreased its stake in Triangle Capital Co. (NYSE:TCAP) by 13.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,092 shares of the credit services provider’s stock after selling 42,295 shares during the period. BlackRock Inc. owned approximately 0.55% of Triangle Capital worth $2,928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Advisor Group Inc. raised its position in shares of Triangle Capital by 176.2% in the fourth quarter. Advisor Group Inc. now owns 11,453 shares of the credit services provider’s stock valued at $110,000 after buying an additional 7,307 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Triangle Capital in the fourth quarter valued at approximately $113,000. Trexquant Investment LP purchased a new stake in Triangle Capital in the first quarter valued at approximately $165,000. Jane Street Group LLC purchased a new stake in Triangle Capital in the fourth quarter valued at approximately $199,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Triangle Capital in the fourth quarter valued at approximately $536,000. Institutional investors own 50.10% of the company’s stock.

A number of research firms recently issued reports on TCAP. Zacks Investment Research upgraded shares of Triangle Capital from a “sell” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, June 20th. ValuEngine downgraded shares of Triangle Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Finally, National Securities reiterated a “neutral” rating and set a $13.00 price objective on shares of Triangle Capital in a research note on Monday, May 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.90.

TCAP remained flat at $$11.80 during trading on Friday. The company has a market cap of $571.32 million, a P/E ratio of 7.61 and a beta of 0.75. The company has a quick ratio of 116.18, a current ratio of 116.18 and a debt-to-equity ratio of 0.83. Triangle Capital Co. has a twelve month low of $8.91 and a twelve month high of $16.44.

The business also recently declared a special dividend, which was paid on Friday, August 3rd. Investors of record on Thursday, August 2nd were issued a $1.78 dividend. The ex-dividend date was Monday, August 6th. This is a boost from Triangle Capital’s previous special dividend of $0.05. Triangle Capital’s dividend payout ratio is currently 77.42%.

Triangle Capital Company Profile

Triangle Capital Corporation is a business development company specializing in private equity and mezzanine investments. It focuses on leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market, mature, and later stage companies.

Read More: Earnings Per Share

Institutional Ownership by Quarter for Triangle Capital (NYSE:TCAP)

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Strs Ohio Decreases Holdings in Boston Properties, Inc. (BXP)

Quantum Capital Management LLC NJ purchased a new position in shares of Boston Properties during the 1st quarter valued at approximately …

Boston Properties logoStrs Ohio trimmed its holdings in shares of Boston Properties, Inc. (NYSE:BXP) by 2.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,133 shares of the real estate investment trust’s stock after selling 4,527 shares during the period. Strs Ohio owned approximately 0.14% of Boston Properties worth $27,859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantum Capital Management LLC NJ purchased a new position in shares of Boston Properties during the 1st quarter valued at approximately $1,104,000. CIBC Asset Management Inc increased its holdings in shares of Boston Properties by 1.5% during the 1st quarter. CIBC Asset Management Inc now owns 42,678 shares of the real estate investment trust’s stock valued at $5,259,000 after purchasing an additional 649 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Boston Properties by 9.4% during the 1st quarter. JPMorgan Chase & Co. now owns 4,141,991 shares of the real estate investment trust’s stock valued at $510,377,000 after purchasing an additional 356,355 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of Boston Properties by 3.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 198,188 shares of the real estate investment trust’s stock valued at $24,439,000 after purchasing an additional 5,906 shares in the last quarter. Finally, Perpetual Ltd increased its holdings in shares of Boston Properties by 65.8% during the 2nd quarter. Perpetual Ltd now owns 55,950 shares of the real estate investment trust’s stock valued at $7,030,000 after purchasing an additional 22,200 shares in the last quarter. Institutional investors and hedge funds own 95.80% of the company’s stock.

Shares of NYSE BXP opened at $131.63 on Friday. The firm has a market capitalization of $19.91 billion, a P/E ratio of 21.03, a P/E/G ratio of 3.51 and a beta of 0.57. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.34. Boston Properties, Inc. has a one year low of $111.57 and a one year high of $132.09.

Boston Properties (NYSE:BXP) last issued its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.83 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.73). The company had revenue of $664.48 million during the quarter, compared to analysts’ expectations of $667.92 million. Boston Properties had a return on equity of 6.71% and a net margin of 20.23%. Boston Properties’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.67 EPS. equities research analysts expect that Boston Properties, Inc. will post 6.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Friday, June 29th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $3.20 annualized dividend and a yield of 2.43%.

BXP has been the subject of several recent analyst reports. TheStreet raised shares of Boston Properties from a “c+” rating to a “b-” rating in a report on Friday, August 3rd. Stifel Nicolaus boosted their price target on shares of Boston Properties from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, August 2nd. Jefferies Financial Group reissued a “hold” rating and issued a $118.00 price target on shares of Boston Properties in a report on Wednesday, August 1st. Deutsche Bank boosted their price target on shares of Boston Properties from $133.00 to $134.00 and gave the stock a “hold” rating in a report on Tuesday, June 26th. Finally, ValuEngine raised shares of Boston Properties from a “sell” rating to a “hold” rating in a report on Sunday, June 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. Boston Properties has a consensus rating of “Hold” and a consensus target price of $131.86.

About Boston Properties

Boston Properties is a fully integrated real estate investment trust that develops, redevelops, acquires, manages, operates and owns a diverse portfolio of primarily Class A office space totaling 50.3 million square feet and consisting of 167 office properties (including nine properties under construction), six residential properties (including four properties under construction), five retail properties and one hotel.

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Institutional Ownership by Quarter for Boston Properties (NYSE:BXP)

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