BlackRock (NYSE:BLK) Shares Acquired by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. grew its position in BlackRock (NYSE:BLK) by 1.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,244 shares of the asset manager’s stock after acquiring an additional 230 shares during the period. Braun Stacey Associates Inc.’s holdings in BlackRock were worth $22,946,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Mascoma Wealth Management LLC raised its position in shares of BlackRock by 9.5% in the fourth quarter. Mascoma Wealth Management LLC now owns 127 shares of the asset manager’s stock worth $130,000 after acquiring an additional 11 shares during the period. Hazlett Burt & Watson Inc. raised its position in shares of BlackRock by 2.1% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 534 shares of the asset manager’s stock worth $542,000 after acquiring an additional 11 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of BlackRock by 4.5% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 257 shares of the asset manager’s stock worth $263,000 after acquiring an additional 11 shares during the period. Detalus Advisors LLC raised its position in shares of BlackRock by 2.8% in the first quarter. Detalus Advisors LLC now owns 409 shares of the asset manager’s stock worth $387,000 after acquiring an additional 11 shares during the period. Finally, Truvestments Capital LLC raised its position in shares of BlackRock by 10.8% in the fourth quarter. Truvestments Capital LLC now owns 123 shares of the asset manager’s stock worth $126,000 after acquiring an additional 12 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $912.50, for a total value of $9,125,000.00. Following the completion of the sale, the director owned 66,034 shares of the company’s stock, valued at $60,256,025. This represents a 13.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.98% of the stock is currently owned by company insiders.

BlackRock Stock Up 0.5%

Shares of NYSE BLK opened at $1,076.28 on Friday. BlackRock has a 12-month low of $773.74 and a 12-month high of $1,084.22. The stock has a market cap of $166.75 billion, a PE ratio of 26.15, a P/E/G ratio of 3.26 and a beta of 1.41. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $979.68 and a 200 day moving average of $969.64.

BlackRock (NYSE:BLK) last announced its quarterly earnings data 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. BlackRock had a net margin of 30.09% and a return on equity of 15.57%. The company had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.47 billion. During the same quarter in the prior year, the company earned $9.81 EPS. BlackRock’s revenue was up 11.6% compared to the same quarter last year. As a group, sell-side analysts predict that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th were paid a $5.21 dividend. The ex-dividend date was Thursday, June 5th. This represents a $20.84 annualized dividend and a dividend yield of 1.94%. BlackRock’s dividend payout ratio (DPR) is 50.63%.

Analyst Ratings Changes

BLK has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of BlackRock to a “hold” rating in a research report on Saturday, May 24th. UBS Group reduced their price target on shares of BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. TD Cowen reduced their price target on shares of BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company upped their price target on shares of BlackRock from $1,105.00 to $1,180.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Argus upped their price target on shares of BlackRock from $1,028.00 to $1,090.00 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,110.92.

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.