DMC Group LLC Has $2.09 Million Holdings in BlackRock, Inc. (NYSE:BLK)

DMC Group LLC grew its position in shares of BlackRock, Inc. (NYSE:BLK) by 15.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,037 shares of the asset manager’s stock after purchasing an additional 276 shares during the quarter. BlackRock makes up about 1.7% of DMC Group LLC’s investment portfolio, making the stock its 10th largest position. DMC Group LLC’s holdings in BlackRock were worth $2,088,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new position in shares of BlackRock during the third quarter worth approximately $518,000. Erste Asset Management GmbH purchased a new position in BlackRock in the 3rd quarter worth $32,904,000. Raymond James Trust N.A. lifted its stake in BlackRock by 2.3% in the third quarter. Raymond James Trust N.A. now owns 27,092 shares of the asset manager’s stock worth $25,724,000 after purchasing an additional 614 shares during the last quarter. MML Investors Services LLC grew its stake in shares of BlackRock by 2.8% during the third quarter. MML Investors Services LLC now owns 68,466 shares of the asset manager’s stock valued at $65,010,000 after buying an additional 1,852 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in shares of BlackRock by 20.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 3,338 shares of the asset manager’s stock worth $3,169,000 after buying an additional 565 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Mark Wiedman sold 36,190 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total value of $37,851,121.00. Following the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $6,777,432. This represents a 84.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the completion of the sale, the director now directly owns 68,433 shares of the company’s stock, valued at approximately $69,117,330. The trade was a 12.75 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,190 shares of company stock valued at $104,436,741. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BLK. StockNews.com began coverage on BlackRock in a research report on Friday, January 24th. They set a “hold” rating on the stock. Barclays decreased their target price 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. JPMorgan Chase & Co. increased their price target on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Citigroup boosted their price objective on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Wells Fargo & Company lifted their price objective on BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,120.67.

BlackRock Stock Performance

Shares of BLK stock opened at $1,053.50 on Thursday. 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 company’s fifty day moving average price is $1,024.30 and its 200-day moving average price is $958.99. The stock has a market cap of $163.17 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.28. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,082.45.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, topping 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 business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the prior year, the company earned $9.66 earnings per share. The business’s revenue was up 22.6% compared to the same quarter last year. On average, equities analysts expect that BlackRock, Inc. will post 47.43 EPS for the current fiscal year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a yield of 1.98%. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is 48.57%.

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.