BlackRock, Inc. (NYSE:BLK) Shares Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC boosted its holdings in BlackRock, Inc. (NYSE:BLK) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,955 shares of the asset manager’s stock after acquiring an additional 1,690 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in BlackRock were worth $26,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC increased its stake in shares of BlackRock by 138,682.5% during the 4th quarter. Proficio Capital Partners LLC now owns 634,236 shares of the asset manager’s stock worth $634,000 after purchasing an additional 633,779 shares in the last quarter. Amundi acquired a new position in shares of BlackRock in the fourth quarter worth $528,792,000. Montrusco Bolton Investments Inc. purchased a new stake in shares of BlackRock in the fourth quarter valued at $343,976,000. Assenagon Asset Management S.A. acquired a new stake in shares of BlackRock during the fourth quarter valued at $330,662,000. Finally, National Pension Service purchased a new stake in BlackRock during the 4th quarter worth about $322,097,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling

In other news, Director J. Richard Kushel sold 430 shares of BlackRock stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $949.37, for a total transaction of $408,229.10. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 20,430 shares of company stock valued at $21,234,629. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

BLK has been the topic of a number of recent research reports. Barclays reduced their target price on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. lifted their target price on shares of BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. StockNews.com initiated coverage on BlackRock in a research note on Friday. They set a “hold” rating on the stock. Citigroup lifted their price objective on BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Finally, Wells Fargo & Company upped their price objective on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,120.67.

BlackRock Trading Up 1.3 %

Shares of BLK stock opened at $964.28 on Tuesday. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22. The firm’s 50 day moving average price is $980.97 and its two-hundred day moving average price is $989.75. The stock has a market cap of $149.71 billion, a price-to-earnings ratio of 22.96, a price-to-earnings-growth ratio of 1.90 and a beta of 1.28.

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

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a dividend of $5.21 per share. This is an increase from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is presently 49.62%.

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.