Alberta Investment Management Corp initiated a new position in BlackRock (NYSE: BLK) during the third quarter, acquiring 3,900 shares valued at approximately $4.55 million, contributing to the asset manager’s high institutional ownership. BlackRock recently increased its quarterly dividend to $5.73 per share, yielding about 2.1% annually, and reported strong EPS that beat estimates, though revenue was slightly below expectations. Despite a current “Moderate Buy” consensus from analysts, the company faces potential headline and governance risks due to a Rosen Law Firm investigation and recent insider selling.
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Alberta Investment Management Corp Makes New $4.55 Million Investment in BlackRock $BLK
Alberta Investment Management Corp initiated a new position in BlackRock (NYSE: BLK) during the third quarter, acquiring 3,900 shares valued at approximately $4.55 million, contributing to the asset manager’s high institutional ownership. BlackRock recently increased its quarterly dividend to $5.73 per share, yielding about 2.1% annually, and reported strong EPS that beat estimates, though revenue was slightly below expectations. Despite a current “Moderate Buy” consensus from analysts, the company faces potential headline and governance risks due to a Rosen Law Firm investigation and recent insider selling.