BlackRock, Inc. (NYSE:BLK) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC trimmed its position in BlackRock, Inc. (NYSE:BLKFree Report) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 3,612 shares of the asset manager’s stock after selling 86 shares during the quarter. BlackRock accounts for 0.9% of Dumont & Blake Investment Advisors LLC’s holdings, making the stock its 21st biggest holding. Dumont & Blake Investment Advisors LLC’s holdings in BlackRock were worth $2,932,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in BlackRock by 1.9% in the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,101 shares of the asset manager’s stock valued at $712,000 after acquiring an additional 21 shares during the period. McGlone Suttner Wealth Management Inc. raised its holdings in shares of BlackRock by 8.5% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 764 shares of the asset manager’s stock valued at $620,000 after buying an additional 60 shares during the last quarter. Sara Bay Financial bought a new stake in shares of BlackRock during the fourth quarter valued at approximately $387,000. Aspen Grove Capital LLC bought a new stake in shares of BlackRock during the second quarter valued at approximately $208,000. Finally, BKM Wealth Management LLC bought a new stake in shares of BlackRock during the fourth quarter valued at approximately $2,758,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BLK shares. TD Cowen raised BlackRock from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $819.00 to $938.00 in a report on Tuesday, January 16th. JPMorgan Chase & Co. boosted their target price on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a report on Tuesday. UBS Group boosted their target price on BlackRock from $720.00 to $818.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Finally, BNP Paribas raised BlackRock from a “neutral” rating to an “outperform” rating and set a $885.00 target price on the stock in a report on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $789.67.

Check Out Our Latest Report on BlackRock

BlackRock Trading Down 0.1 %

NYSE BLK traded down $0.70 on Wednesday, hitting $815.89. 178,083 shares of the stock were exchanged, compared to its average volume of 588,767. BlackRock, Inc. has a 52-week low of $596.18 and a 52-week high of $845.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48. The company has a market capitalization of $121.52 billion, a price-to-earnings ratio of 22.50, a P/E/G ratio of 1.80 and a beta of 1.37. The company’s 50-day moving average price is $807.63 and its two-hundred day moving average price is $746.60.

BlackRock (NYSE:BLKGet Free Report) last posted its quarterly earnings results on Friday, January 12th. The asset manager reported $9.66 EPS for the quarter, beating the consensus estimate of $8.84 by $0.82. BlackRock had a net margin of 30.81% and a return on equity of 14.74%. The business had revenue of $4.63 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the previous year, the company posted $8.93 EPS. BlackRock’s revenue was up 6.8% on a year-over-year basis. Research analysts predict that BlackRock, Inc. will post 40.23 EPS for the current year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Thursday, March 7th were paid a $5.10 dividend. This represents a $20.40 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Wednesday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $5.00. BlackRock’s payout ratio is presently 55.88%.

Insider Activity at BlackRock

In related news, Director Rachel Lord sold 36,059 shares of BlackRock stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $818.06, for a total value of $29,498,425.54. Following the completion of the sale, the director now owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other BlackRock news, General Counsel Christopher J. Meade sold 18,000 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $282.54, for a total transaction of $5,085,660.60. Following the completion of the transaction, the general counsel now owns 11,914 shares of the company’s stock, valued at approximately $3,366,142.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rachel Lord sold 36,059 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the transaction, the director now directly owns 17,004 shares of the company’s stock, valued at approximately $13,910,292.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,511 shares of company stock valued at $71,864,028. Insiders own 1.06% of the company’s stock.

BlackRock Company Profile

(Free Report)

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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