BlackRock, Inc. (NYSE:BLK) is North Point Portfolio Managers Corp OH’s 9th Largest Position

North Point Portfolio Managers Corp OH reduced its position in BlackRock, Inc. (NYSE:BLK) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,271 shares of the asset manager’s stock after selling 573 shares during the period. BlackRock comprises approximately 3.3% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 9th biggest holding. North Point Portfolio Managers Corp OH’s holdings in BlackRock were worth $18,730,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Kathmere Capital Management LLC raised its stake in BlackRock by 16.2% during the second quarter. Kathmere Capital Management LLC now owns 388 shares of the asset manager’s stock worth $305,000 after purchasing an additional 54 shares during the period. Ascent Group LLC grew its holdings in shares of BlackRock by 36.2% during the 2nd quarter. Ascent Group LLC now owns 787 shares of the asset manager’s stock worth $620,000 after purchasing an additional 209 shares during the period. Creative Planning increased its position in BlackRock by 1.0% during the 2nd quarter. Creative Planning now owns 21,864 shares of the asset manager’s stock worth $17,214,000 after purchasing an additional 208 shares in the last quarter. Magnolia Capital Advisors LLC purchased a new position in BlackRock in the second quarter valued at approximately $13,057,000. Finally, NewEdge Advisors LLC grew its stake in BlackRock by 20.6% during the second quarter. NewEdge Advisors LLC now owns 64,715 shares of the asset manager’s stock worth $50,951,000 after buying an additional 11,072 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the completion of the transaction, the director now owns 68,433 shares in the company, valued at approximately $69,117,330. The trade was a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the completion of the sale, the chief operating officer now owns 41,916 shares of the company’s stock, valued at $43,845,393.48. This trade represents a 56.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 100,190 shares of company stock valued at $104,436,741 over the last 90 days. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

BLK has been the subject of several recent research reports. Citigroup increased their price target on BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. UBS Group boosted their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Barclays decreased their target price on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. TD Cowen upped their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,120.67.

BlackRock Price Performance

NYSE:BLK opened at $1,020.19 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The stock has a market cap of $158.01 billion, a P/E ratio of 24.29, a PEG ratio of 1.82 and a beta of 1.28. The company has a fifty day moving average price of $1,024.23 and a 200 day moving average price of $955.97. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,082.45.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period last year, the business earned $9.66 earnings per share. The business’s revenue was up 22.6% on a year-over-year basis. Analysts anticipate that BlackRock, Inc. will post 47.43 earnings per share for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were paid a $5.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 annualized dividend and a dividend yield of 2.00%. BlackRock’s dividend payout ratio (DPR) is currently 48.57%.

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.