May Hill Capital LLC Invests $274,000 in BlackRock, Inc. (NYSE:BLK)

May Hill Capital LLC purchased a new stake in BlackRock, Inc. (NYSE:BLK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 267 shares of the asset manager’s stock, valued at approximately $274,000.

Other large investors have also recently bought and sold shares of the company. Oddo BHF Asset Management Sas bought a new position in shares of BlackRock in the 3rd quarter valued at about $518,000. Amalgamated Bank grew its stake in BlackRock by 1.7% in the fourth quarter. Amalgamated Bank now owns 28,711 shares of the asset manager’s stock valued at $29,432,000 after purchasing an additional 489 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of BlackRock by 4.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,480 shares of the asset manager’s stock worth $12,793,000 after purchasing an additional 578 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of BlackRock by 6.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager’s stock worth $67,038,000 after purchasing an additional 4,210 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of BlackRock by 2.8% in the third quarter. MML Investors Services LLC now owns 68,466 shares of the asset manager’s stock valued at $65,010,000 after buying an additional 1,852 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 430 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $949.37, for a total value of $408,229.10. Following the transaction, the director now directly owns 3,720 shares in the company, valued at approximately $3,531,656.40. This represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 20,430 shares of company stock worth $21,234,629. Corporate insiders own 0.90% of the company’s stock.

BlackRock Trading Down 0.2 %

Shares of BLK stock opened at $944.75 on Wednesday. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22. The company’s fifty day simple moving average is $976.19 and its two-hundred day simple moving average is $993.09. 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 stock has a market capitalization of $146.68 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. The business 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 quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.66 EPS. As a group, analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were given a dividend of $5.21 per share. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, March 7th. BlackRock’s payout ratio is 49.62%.

Analyst Ratings Changes

Several brokerages have recently commented on BLK. Deutsche Bank Aktiengesellschaft lifted their target price on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. UBS Group raised their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Morgan Stanley upped their price target on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Citigroup boosted their target price on BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, StockNews.com started coverage on BlackRock in a report on Saturday. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.