Jamison Private Wealth Management Inc. Has $5.19 Million Stake in BlackRock, Inc. (NYSE:BLK)

Jamison Private Wealth Management Inc. lifted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 4.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,461 shares of the asset manager’s stock after acquiring an additional 253 shares during the period. Jamison Private Wealth Management Inc.’s holdings in BlackRock were worth $5,185,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors grew its stake in shares of BlackRock by 11.1% in the 1st quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock valued at $3,630,127,000 after buying an additional 435,358 shares during the period. Mayflower Financial Advisors LLC boosted its holdings in BlackRock by 24,171.5% in the first quarter. Mayflower Financial Advisors LLC now owns 416,014 shares of the asset manager’s stock worth $346,831,000 after acquiring an additional 414,300 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of BlackRock by 2.3% during the first quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock valued at $10,990,052,000 after acquiring an additional 292,017 shares in the last quarter. M&G Plc acquired a new position in shares of BlackRock during the first quarter worth approximately $161,918,000. Finally, Sarasin & Partners LLP lifted its holdings in shares of BlackRock by 174.8% in the 2nd quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock worth $145,096,000 after purchasing an additional 117,218 shares in the last quarter. 80.69% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the sale, the director now owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other BlackRock news, Director Mark Wiedman sold 12,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $900.00, for a total transaction of $10,800,000.00. Following the sale, the director now owns 6,480 shares in the company, valued at $5,832,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total value of $1,289,224.48. Following the completion of the transaction, the director now owns 5,732 shares of the company’s stock, valued at approximately $4,826,802.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,042 shares of company stock valued at $56,857,777 in the last 90 days. Insiders own 0.90% of the company’s stock.

BlackRock Price Performance

BLK opened at $1,007.00 on Wednesday. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $1,016.45. The firm has a 50-day moving average of $905.97 and a 200 day moving average of $833.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a market cap of $149.64 billion, a P/E ratio of 25.59, a PEG ratio of 1.94 and a beta of 1.30.

BlackRock (NYSE:BLK) last released its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating analysts’ consensus estimates of $10.42 by $1.04. The firm had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $10.91 EPS. On average, research analysts expect that BlackRock, Inc. will post 41.73 EPS for the current year.

BlackRock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were given a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Monday, September 9th. BlackRock’s dividend payout ratio is currently 51.84%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BLK. Morgan Stanley boosted their price target on shares of BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com began coverage on shares of BlackRock in a research report on Saturday. They issued a “hold” rating on the stock. Argus lifted their price target on BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Wells Fargo & Company increased their price objective on BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Barclays lifted their target price on BlackRock from $1,010.00 to $1,120.00 and gave the company an “overweight” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $991.46.

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.