BlackRock, Inc. (NYSE:BLK) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its position in BlackRock, Inc. (NYSE:BLK) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 39,016 shares of the asset manager’s stock after selling 308 shares during the period. Keybank National Association OH’s holdings in BlackRock were worth $39,996,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in BLK. Proficio Capital Partners LLC boosted its stake in shares of BlackRock by 138,682.5% during the fourth quarter. Proficio Capital Partners LLC now owns 634,236 shares of the asset manager’s stock valued at $634,000 after acquiring an additional 633,779 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new stake in shares of BlackRock during the fourth quarter valued at $343,976,000. Assenagon Asset Management S.A. acquired a new stake in shares of BlackRock during the fourth quarter valued at $330,662,000. National Pension Service acquired a new stake in shares of BlackRock during the fourth quarter valued at $322,097,000. Finally, FMR LLC boosted its stake in shares of BlackRock by 10.6% during the third quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock valued at $2,244,608,000 after acquiring an additional 226,135 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the completion of the transaction, the director now directly owns 68,433 shares in the company, valued at $73,403,973.12. This trade represents a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Wiedman sold 36,190 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the completion of the transaction, the director now owns 6,480 shares of the company’s stock, valued at $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,190 shares of company stock worth $115,163,141. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

BLK has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Evercore ISI upped their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. StockNews.com started coverage on shares of BlackRock in a report on Tuesday, February 25th. They issued a “hold” rating on the stock. Citigroup boosted their price objective on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Finally, Keefe, Bruyette & Woods reduced their target price on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,120.67.

BlackRock Price Performance

Shares of NYSE:BLK opened at $965.18 on Tuesday. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22. The firm has a 50-day simple moving average of $1,002.25 and a 200 day simple moving average of $983.33. The company has a market cap of $149.49 billion, a PE ratio of 22.98, a P/E/G ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the prior year, the firm earned $9.66 EPS. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, sell-side analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be given a $5.21 dividend. This is a boost from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date is Friday, March 7th. This represents a $20.84 annualized dividend and a yield of 2.16%. BlackRock’s dividend payout ratio is 49.62%.

About BlackRock

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.