Chilton Capital Management LLC Takes $38,000 Position in BlackRock, Inc. (NYSE:BLK)

Chilton Capital Management LLC bought a new stake in BlackRock, Inc. (NYSE:BLK) during the 1st quarter, HoldingsChannel reports. The firm bought 46 shares of the asset manager’s stock, valued at approximately $38,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLK. Norges Bank purchased a new position in BlackRock during the fourth quarter worth about $1,812,920,000. Capital World Investors raised its stake in shares of BlackRock by 57.3% in the 4th quarter. Capital World Investors now owns 3,514,999 shares of the asset manager’s stock valued at $2,853,517,000 after acquiring an additional 1,279,952 shares during the period. Capital Research Global Investors raised its stake in shares of BlackRock by 23.7% in the 4th quarter. Capital Research Global Investors now owns 3,918,878 shares of the asset manager’s stock valued at $3,181,346,000 after acquiring an additional 749,654 shares during the period. International Assets Investment Management LLC raised its stake in shares of BlackRock by 77,524.5% in the 4th quarter. International Assets Investment Management LLC now owns 641,955 shares of the asset manager’s stock valued at $5,211,390,000 after acquiring an additional 641,128 shares during the period. Finally, Mayflower Financial Advisors LLC raised its stake in shares of BlackRock by 24,171.5% in the 1st quarter. Mayflower Financial Advisors LLC now owns 416,014 shares of the asset manager’s stock valued at $346,831,000 after acquiring an additional 414,300 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLK. Morgan Stanley dropped their price objective on shares of BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating for the company in a report on Thursday. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $915.00 price objective on shares of BlackRock in a report on Tuesday, July 2nd. TD Cowen dropped their price objective on shares of BlackRock from $974.00 to $969.00 and set a “buy” rating for the company in a report on Monday, July 8th. JPMorgan Chase & Co. lifted their price objective on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, UBS Group lowered their price target on shares of BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and an average price target of $847.36.

BlackRock Stock Down 0.6 %

Shares of BlackRock stock traded down $5.01 during trading hours on Monday, hitting $822.96. The company had a trading volume of 887,940 shares, compared to its average volume of 600,950. The company’s 50-day moving average is $787.33 and its two-hundred day moving average is $792.86. BlackRock, Inc. has a twelve month low of $596.18 and a twelve month high of $845.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.32 and a quick ratio of 5.32. The company has a market cap of $122.29 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 1.71 and a beta of 1.32.

BlackRock (NYSE:BLK) last issued its earnings results on Monday, July 15th. The asset manager reported $10.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.96 by $0.40. BlackRock had a net margin of 32.26% and a return on equity of 15.24%. The business had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the prior year, the business posted $9.28 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts anticipate that BlackRock, Inc. will post 41.21 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, June 7th were given a $5.10 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $20.40 annualized dividend and a yield of 2.48%. BlackRock’s dividend payout ratio (DPR) is 51.84%.

Insider Activity at BlackRock

In related news, Director Mark Wiedman sold 9,000 shares of the company’s stock in a transaction 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 sale, the director now owns 6,480 shares in the company, valued at approximately $5,151,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other BlackRock news, CEO Laurence Fink sold 30,978 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $807.29, for a total transaction of $25,008,229.62. Following the completion of the transaction, the chief executive officer now owns 383,168 shares in the company, valued at approximately $309,327,694.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mark Wiedman sold 9,000 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $795.00, for a total transaction of $7,155,000.00. Following the transaction, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,151,600. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

BlackRock Company 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.