Peoples Bank OH Has $263,000 Stock Position in BlackRock, Inc. (NYSE:BLK)

Peoples Bank OH lifted its position in shares of BlackRock, Inc. (NYSE:BLK) by 12.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 316 shares of the asset manager’s stock after buying an additional 36 shares during the quarter. Peoples Bank OH’s holdings in BlackRock were worth $263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLK. Tennessee Valley Asset Management Partners acquired a new stake in shares of BlackRock during the fourth quarter worth $27,000. Redmont Wealth Advisors LLC acquired a new position in BlackRock in the first quarter valued at about $27,000. Private Wealth Management Group LLC acquired a new position in BlackRock in the fourth quarter valued at about $28,000. Pineridge Advisors LLC acquired a new position in BlackRock in the fourth quarter valued at about $28,000. Finally, LFA Lugano Financial Advisors SA raised its stake in BlackRock by 208.3% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In related news, Director Mark Wiedman sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $795.00, for a total value of $7,155,000.00. Following the sale, the director now directly owns 6,480 shares in the company, valued at $5,151,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Laurence Fink sold 30,978 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $807.29, for a total value 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mark Wiedman sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $795.00, for a total value of $7,155,000.00. Following the completion of the transaction, the director now directly owns 6,480 shares in the company, valued at $5,151,600. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

BlackRock Trading Up 1.5 %

Shares of NYSE:BLK traded up $11.93 during midday trading on Tuesday, hitting $802.12. 629,492 shares of the stock were exchanged, compared to its average volume of 598,533. The stock has a market capitalization of $119.20 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.63 and a beta of 1.32. 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 business’s 50-day moving average price is $783.46 and its 200 day moving average price is $792.55. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $845.00.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, topping the consensus estimate of $9.42 by $0.39. The company had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.65 billion. BlackRock had a return on equity of 15.24% and a net margin of 32.26%. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $7.93 earnings per share. Analysts predict that BlackRock, Inc. will post 41.25 earnings per share for the current year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Friday, June 7th were issued a dividend of $5.10 per share. This represents a $20.40 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend was Friday, June 7th. BlackRock’s dividend payout ratio (DPR) is currently 51.84%.

Wall Street Analyst Weigh In

BLK has been the subject of a number of analyst reports. TD Cowen dropped their price target on BlackRock from $974.00 to $969.00 and set a “buy” rating for the company in a research note on Monday. JPMorgan Chase & Co. boosted their price target on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Morgan Stanley boosted their price target on BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $915.00 target price on shares of BlackRock in a research report on Tuesday, July 2nd. Finally, UBS Group lifted their target price on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $846.75.

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.