Napatree Capital LLC Buys Shares of 295 BlackRock, Inc. (NYSE:BLK)

Napatree Capital LLC bought a new stake in BlackRock, Inc. (NYSE:BLKFree Report) in the 4th quarter, HoldingsChannel reports. The firm bought 295 shares of the asset manager’s stock, valued at approximately $239,000.

Several other large investors have also modified their holdings of BLK. Emerald Advisors LLC increased its holdings in BlackRock by 2.5% during the 4th quarter. Emerald Advisors LLC now owns 1,048 shares of the asset manager’s stock worth $851,000 after purchasing an additional 26 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of BlackRock by 1.9% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,101 shares of the asset manager’s stock valued at $712,000 after buying an additional 21 shares during the period. Carolinas Wealth Consulting LLC lifted its holdings in shares of BlackRock by 25.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 200 shares of the asset manager’s stock valued at $163,000 after buying an additional 40 shares during the period. McGlone Suttner Wealth Management Inc. lifted its holdings in shares of BlackRock by 8.5% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 764 shares of the asset manager’s stock valued at $620,000 after buying an additional 60 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of BlackRock in the 4th quarter valued at approximately $439,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BLK. Morgan Stanley lifted their price objective on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. JPMorgan Chase & Co. raised their price target on BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, UBS Group raised their price target on BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $845.42.

View Our Latest Research Report on BLK

Insider Buying and Selling at BlackRock

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

BlackRock Price Performance

Shares of NYSE:BLK opened at $778.60 on Tuesday. The company has a market cap of $115.70 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.59 and a beta of 1.34. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.35. BlackRock, Inc. has a 52 week low of $596.18 and a 52 week high of $845.00. The business has a fifty day simple moving average of $775.55 and a 200-day simple moving average of $790.91.

BlackRock (NYSE:BLKGet Free Report) last posted its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a return on equity of 15.24% and a net margin of 32.26%. The firm had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the business earned $7.93 earnings per share. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. Equities research analysts forecast that BlackRock, Inc. will post 41.25 EPS for the current year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be given a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Friday, June 7th. BlackRock’s dividend payout ratio (DPR) is presently 51.84%.

BlackRock Profile

(Free Report)

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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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