Impact Capital Partners LLC Purchases New Stake in BlackRock, Inc. (NYSE:BLK)

Impact Capital Partners LLC bought a new stake in shares of BlackRock, Inc. (NYSE:BLK) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,772 shares of the asset manager’s stock, valued at approximately $2,842,000. BlackRock comprises about 1.0% of Impact Capital Partners LLC’s investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. FSA Wealth Management LLC bought a new stake in shares of BlackRock during the 3rd quarter valued at about $26,000. IAG Wealth Partners LLC bought a new position in shares of BlackRock during the fourth quarter valued at approximately $26,000. Collier Financial bought a new stake in shares of BlackRock in the 4th quarter worth approximately $32,000. Compass Planning Associates Inc acquired a new position in BlackRock during the 4th quarter valued at approximately $33,000. Finally, Atwood & Palmer Inc. acquired a new stake in BlackRock in the fourth quarter worth $36,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the completion of the transaction, the director now directly owns 68,433 shares in the company, valued at $69,117,330. This trade represents a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 20,430 shares of company stock valued at $21,234,629. 0.90% of the stock is owned by corporate insiders.

BlackRock Stock Performance

Shares of BLK opened at $909.96 on Thursday. 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 firm’s 50 day moving average is $987.79 and its 200-day moving average is $985.88. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,084.22. The stock has a market capitalization of $141.27 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.90 and a beta of 1.29.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $0.41. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.66 earnings per share. Equities research analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a $5.21 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.29%. BlackRock’s dividend payout ratio (DPR) is 49.62%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. UBS Group raised their price target on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Morgan Stanley boosted their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their target price 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. Finally, Wells Fargo & Company boosted their price target on BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,120.67.

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.