BlackRock, Inc. (NYSE:BLK) Shares Bought by McGuire Investment Group LLC

McGuire Investment Group LLC grew its holdings in BlackRock, Inc. (NYSE:BLK) by 0.2% during the 4th quarter, Holdings Channel reports. The firm owned 10,812 shares of the asset manager’s stock after buying an additional 21 shares during the period. BlackRock comprises approximately 1.6% of McGuire Investment Group LLC’s investment portfolio, making the stock its 25th biggest holding. McGuire Investment Group LLC’s holdings in BlackRock were worth $11,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. AQR Capital Management LLC raised its holdings in shares of BlackRock by 176.9% in the second quarter. AQR Capital Management LLC now owns 78,797 shares of the asset manager’s stock worth $62,026,000 after acquiring an additional 50,342 shares during the last quarter. MBB Public Markets I LLC raised its stake in BlackRock by 1,880.2% in the 2nd quarter. MBB Public Markets I LLC now owns 10,614 shares of the asset manager’s stock valued at $8,357,000 after purchasing an additional 10,078 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in BlackRock by 4.5% in the 2nd quarter. Mackenzie Financial Corp now owns 114,596 shares of the asset manager’s stock valued at $90,224,000 after purchasing an additional 4,917 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of BlackRock by 1.9% during the 2nd quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager’s stock worth $942,640,000 after purchasing an additional 22,311 shares during the last quarter. Finally, Ninepoint Partners LP purchased a new stake in shares of BlackRock during the second quarter worth about $716,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BLK has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Morgan Stanley lifted their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Evercore ISI raised their price target on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com started coverage on shares of BlackRock in a research note on Friday. They set a “hold” rating for the company. Finally, UBS Group increased their price objective on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $1,120.67.

BlackRock Stock Performance

NYSE:BLK opened at $1,020.19 on Friday. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,082.45. The firm has a market capitalization of $158.01 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.82 and a beta of 1.28. 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 firm’s fifty day simple moving average is $1,024.77 and its 200 day simple moving average is $952.31.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, topping the consensus estimate of $11.52 by $0.41. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.66 earnings per share. As a group, equities research analysts expect that BlackRock, Inc. will post 47.43 earnings per share for the current fiscal year.

BlackRock Announces Dividend

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

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the sale, the director now directly owns 68,433 shares in the company, valued at $69,117,330. The trade was a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the transaction, the chief operating officer now owns 41,916 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders have sold 100,190 shares of company stock valued at $104,436,741. Corporate insiders own 0.90% of the company’s stock.

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.