Anchor Investment Management LLC Sells 12 Shares of BlackRock, Inc. (NYSE:BLK)

Anchor Investment Management LLC trimmed its stake in BlackRock, Inc. (NYSE:BLK) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 779 shares of the asset manager’s stock after selling 12 shares during the period. Anchor Investment Management LLC’s holdings in BlackRock were worth $799,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BLK. Fidelity D & D Bancorp Inc. boosted its position in BlackRock by 3.7% during the third quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager’s stock valued at $263,000 after acquiring an additional 10 shares during the last quarter. Princeton Global Asset Management LLC increased its holdings in BlackRock by 8.7% during the 4th quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager’s stock worth $128,000 after purchasing an additional 10 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its position in BlackRock by 0.8% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager’s stock valued at $1,311,000 after buying an additional 10 shares during the last quarter. Legacy Capital Group California Inc. lifted its position in shares of BlackRock by 2.8% during the fourth quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock valued at $377,000 after purchasing an additional 10 shares in the last quarter. Finally, Marino Stram & Associates LLC boosted its stake in shares of BlackRock by 0.3% in the 4th quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager’s stock worth $3,496,000 after buying an additional 11 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Down 0.1 %

Shares of NYSE:BLK opened at $889.21 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22. The company has a market cap of $138.05 billion, a PE ratio of 21.17, a P/E/G ratio of 1.90 and a beta of 1.38. The stock’s 50-day moving average is $937.25 and its 200 day moving average is $987.19.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.84 by $0.46. The company had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.47 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. BlackRock’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $9.81 earnings per share. Sell-side analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were given a dividend of $5.21 per share. This is a boost from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend was Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is 50.63%.

Insider Transactions at BlackRock

In other BlackRock 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 sale, the director now directly owns 68,433 shares in the company, valued at approximately $73,403,973.12. This trade represents a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 20,430 shares of company stock valued at $21,234,629 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on BLK. Morgan Stanley reduced their price target on shares of BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Barclays boosted their price objective on BlackRock from $950.00 to $990.00 and gave the company an “overweight” rating in a research note on Monday. TD Cowen lowered their target price on shares of BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price target on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,077.08.

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.