50 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by Campbell Capital Management Inc.

Campbell Capital Management Inc. acquired a new position in shares of BlackRock, Inc. (NYSE:BLK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 50 shares of the asset manager’s stock, valued at approximately $52,000.

Other institutional investors have also added to or reduced their stakes in the company. United Bank increased its position in BlackRock by 1.1% in the 3rd quarter. United Bank now owns 1,121 shares of the asset manager’s stock valued at $1,064,000 after acquiring an additional 12 shares during the period. Versor Investments LP acquired a new position in BlackRock in the 3rd quarter valued at approximately $285,000. GSA Capital Partners LLP acquired a new position in BlackRock in the 3rd quarter valued at approximately $334,000. Empower Advisory Group LLC increased its position in BlackRock by 91.7% in the 3rd quarter. Empower Advisory Group LLC now owns 736 shares of the asset manager’s stock valued at $699,000 after acquiring an additional 352 shares during the period. Finally, Oak Harbor Wealth Partners LLC acquired a new position in BlackRock in the 3rd quarter valued at approximately $205,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 20,430 shares of company stock valued at $21,234,629. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BLK. StockNews.com began coverage on shares of BlackRock in a research report on Thursday. They issued a “hold” rating for the company. Wells Fargo & Company increased their price objective on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group increased their price objective on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Citigroup increased their price objective on shares of BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,120.67.

BlackRock Stock Up 3.1 %

Shares of NYSE BLK opened at $928.74 on Friday. The firm has a market cap of $144.19 billion, a PE ratio of 22.11, a P/E/G ratio of 1.90 and a beta of 1.29. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,084.22. The company’s fifty day simple moving average is $983.61 and its 200 day simple moving average is $985.61. 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 (NYSE:BLK) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $0.41. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. BlackRock’s revenue was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm earned $9.66 earnings per share. As a group, sell-side analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.24%. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date is Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is 49.62%.

BlackRock 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.