BlackRock, Inc. (NYSE:BLK) Stock Position Lowered by Keybank National Association OH

Keybank National Association OH lessened its position in BlackRock, Inc. (NYSE:BLK) by 0.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,016 shares of the asset manager’s stock after selling 308 shares during the quarter. Keybank National Association OH’s holdings in BlackRock were worth $39,996,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. FSA Wealth Management LLC purchased a new stake in shares of BlackRock in the 3rd quarter valued at approximately $26,000. Collier Financial purchased a new stake in shares of BlackRock in the 4th quarter valued at approximately $32,000. Compass Planning Associates Inc purchased a new stake in shares of BlackRock in the 4th quarter valued at approximately $33,000. Atwood & Palmer Inc. acquired a new position in BlackRock in the 4th quarter valued at approximately $36,000. Finally, West Financial Advisors LLC acquired a new position in BlackRock in the 4th quarter valued at approximately $39,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Transactions at BlackRock

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

Analyst Ratings Changes

Several research firms have weighed in on BLK. JPMorgan Chase & Co. upped their price objective on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Barclays dropped their price objective on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Morgan Stanley upped their price objective on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Evercore ISI upped their price objective on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. 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 a consensus price target of $1,120.67.

BlackRock Stock Performance

NYSE:BLK opened at $965.18 on Tuesday. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22. The firm’s fifty day simple moving average is $1,002.25 and its 200 day simple moving average is $983.33. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $149.49 billion, a PE ratio of 22.98, a PEG ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK) last issued its quarterly earnings results 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 firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the firm earned $9.66 EPS. The business’s revenue was up 22.6% on a year-over-year basis. On average, sell-side analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

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

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.