Lindbrook Capital LLC Has $1.37 Million Position in BlackRock, Inc. (NYSE:BLK)

Lindbrook Capital LLC reduced its position in shares of BlackRock, Inc. (NYSE:BLK) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,336 shares of the asset manager’s stock after selling 17 shares during the period. Lindbrook Capital LLC’s holdings in BlackRock were worth $1,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BLK. FSA Wealth Management LLC acquired a new position in shares of BlackRock during the third quarter worth about $26,000. Collier Financial acquired a new position in BlackRock during the fourth quarter valued at approximately $32,000. Compass Planning Associates Inc acquired a new position in BlackRock during the fourth quarter valued at approximately $33,000. Atwood & Palmer Inc. acquired a new position in BlackRock during the fourth quarter valued at approximately $36,000. Finally, West Financial Advisors LLC acquired a new position in BlackRock during the fourth quarter valued at approximately $39,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 430 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $949.37, for a total transaction of $408,229.10. Following the transaction, the director now owns 3,720 shares in the company, valued at $3,531,656.40. This trade represents a 10.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Wiedman sold 36,190 shares of the firm’s stock in a transaction 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 owns 6,480 shares in the company, valued at approximately $6,777,432. This trade represents a 84.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,620 shares of company stock worth $59,085,750. Company insiders own 0.90% of the company’s stock.

BlackRock Price Performance

Shares of NYSE BLK opened at $967.48 on Thursday. The firm has a market cap of $149.84 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.90 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. BlackRock, Inc. has a 1-year low of $745.55 and a 1-year high of $1,084.22. The business’s 50 day moving average is $998.43 and its 200-day moving average is $983.77.

BlackRock (NYSE:BLK) last announced its earnings results 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. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the company earned $9.66 earnings per share. Equities research analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be paid a dividend of $5.21 per share. The ex-dividend date is Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is 49.62%.

Analyst Ratings Changes

Several research analysts recently commented on BLK shares. Evercore ISI increased their price target on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price target on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Barclays reduced their price target on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. UBS Group raised their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. raised their price objective on BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,120.67.

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.