BlackRock, Inc. (NYSE:BLK) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC trimmed its holdings in BlackRock, Inc. (NYSE:BLKFree Report) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,620 shares of the asset manager’s stock after selling 19 shares during the period. BlackRock makes up about 1.0% of Dumont & Blake Investment Advisors LLC’s portfolio, making the stock its 18th biggest holding. Dumont & Blake Investment Advisors LLC’s holdings in BlackRock were worth $3,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BLK. Dana Investment Advisors Inc. grew its position in shares of BlackRock by 1.3% during the 2nd quarter. Dana Investment Advisors Inc. now owns 3,089 shares of the asset manager’s stock valued at $2,432,000 after buying an additional 41 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of BlackRock during the second quarter valued at approximately $24,957,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of BlackRock by 1,600.0% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,000 shares of the asset manager’s stock worth $13,384,000 after purchasing an additional 16,000 shares during the period. Ashburton Jersey Ltd bought a new stake in shares of BlackRock in the 2nd quarter worth approximately $61,000. Finally, Neville Rodie & Shaw Inc. boosted its position in BlackRock by 5.1% during the 3rd quarter. Neville Rodie & Shaw Inc. now owns 518 shares of the asset manager’s stock valued at $492,000 after purchasing an additional 25 shares during the period. Institutional investors own 80.69% of the company’s stock.

BlackRock Trading Up 1.7 %

Shares of NYSE:BLK opened at $1,070.81 on Friday. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,082.45. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $165.85 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.82 and a beta of 1.28. The firm has a fifty day moving average of $1,024.87 and a two-hundred day moving average of $959.65.

BlackRock (NYSE:BLKGet Free Report) last posted its earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS 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 net margin of 31.21% and a return on equity of 16.32%. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $9.66 earnings per share. 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 paid a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.95%. This is an increase from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is presently 48.57%.

Insider Buying and Selling

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 68,433 shares in the company, valued at $69,117,330. This represents a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert L. Goldstein sold 54,000 shares of the business’s 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 transaction, the chief operating officer now directly owns 41,916 shares of the company’s stock, valued at $43,845,393.48. This represents a 56.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,190 shares of company stock worth $104,436,741. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

BLK has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Evercore ISI increased their target price on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. UBS Group upped their price target on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. upped their target price on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods lowered their price target on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

View Our Latest Stock Report on BLK

BlackRock Company 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.

See Also

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLKFree Report).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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