Mercer Global Advisors Inc. ADV Purchases 732 Shares of BlackRock, Inc. (NYSE:BLK)

Mercer Global Advisors Inc. ADV increased its position in BlackRock, Inc. (NYSE:BLK) by 16.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,081 shares of the asset manager’s stock after purchasing an additional 732 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in BlackRock were worth $3,831,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Marcum Wealth LLC bought a new position in BlackRock in the 1st quarter worth about $368,000. First Horizon Corp boosted its stake in BlackRock by 2.5% in the 1st quarter. First Horizon Corp now owns 12,304 shares of the asset manager’s stock worth $9,276,000 after purchasing an additional 298 shares in the last quarter. Holderness Investments Co. boosted its stake in BlackRock by 2.3% in the 1st quarter. Holderness Investments Co. now owns 670 shares of the asset manager’s stock worth $505,000 after purchasing an additional 15 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in BlackRock by 25.2% in the 1st quarter. Jacobi Capital Management LLC now owns 174 shares of the asset manager’s stock worth $131,000 after purchasing an additional 35 shares in the last quarter. Finally, Lumature Wealth Partners LLC bought a new position in BlackRock in the 1st quarter worth about $680,000. Institutional investors own 80.13% of the company’s stock.

NYSE BLK opened at $867.44 on Friday. The company’s 50-day simple moving average is $838.22. The stock has a market cap of $132.31 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 2.36 and a beta of 1.16. BlackRock, Inc. has a 52 week low of $515.72 and a 52 week high of $890.00. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 0.65.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, April 14th. The asset manager reported $7.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $7.64 by $0.13. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.29 billion. BlackRock had a net margin of 31.52% and a return on equity of 15.72%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.60 EPS. As a group, analysts forecast that BlackRock, Inc. will post 36.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 23rd. Shareholders of record on Friday, June 4th will be issued a dividend of $4.13 per share. This represents a $16.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, June 3rd. BlackRock’s dividend payout ratio (DPR) is currently 48.85%.

Several equities analysts have issued reports on BLK shares. Barclays upped their target price on shares of BlackRock from $850.00 to $925.00 and gave the company an “overweight” rating in a research note on Friday, April 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BlackRock from $847.00 to $912.00 and gave the company a “buy” rating in a research note on Friday, April 16th. Wells Fargo & Company upped their target price on shares of BlackRock from $875.00 to $890.00 and gave the company an “overweight” rating in a research note on Wednesday, April 7th. The Goldman Sachs Group upped their target price on shares of BlackRock from $840.00 to $940.00 in a research note on Thursday, April 15th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their target price on shares of BlackRock from $950.00 to $1,000.00 and gave the company a “buy” rating in a research note on Friday, April 16th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $886.08.

In other BlackRock news, insider Marc D. Comerchero sold 600 shares of the stock in a transaction that occurred on Friday, April 16th. The shares were sold at an average price of $808.38, for a total transaction of $485,028.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Laurence Fink sold 31,668 shares of the stock in a transaction that occurred on Thursday, May 6th. The shares were sold at an average price of $865.89, for a total transaction of $27,421,004.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,409 shares of company stock valued at $32,875,775. Insiders own 1.16% of the company’s stock.

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.

Featured Article: Elliott Wave Theory

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.