Capital Square LLC Grows Position in BlackRock, Inc. (NYSE:BLK)

Capital Square LLC raised its position in BlackRock, Inc. (NYSE:BLK) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 248 shares of the asset manager’s stock after buying an additional 28 shares during the quarter. Capital Square LLC’s holdings in BlackRock were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BLK. MSH Capital Advisors LLC purchased a new position in BlackRock during the 4th quarter worth $4,176,000. NewEdge Advisors LLC grew its holdings in shares of BlackRock by 4.3% during the fourth quarter. NewEdge Advisors LLC now owns 68,217 shares of the asset manager’s stock worth $69,929,000 after buying an additional 2,789 shares during the last quarter. Evergreen Capital Management LLC increased its position in BlackRock by 3.0% in the 4th quarter. Evergreen Capital Management LLC now owns 8,636 shares of the asset manager’s stock valued at $8,853,000 after acquiring an additional 250 shares during the period. Acorns Advisers LLC increased its position in BlackRock by 10.9% in the 4th quarter. Acorns Advisers LLC now owns 378 shares of the asset manager’s stock valued at $387,000 after acquiring an additional 37 shares during the period. Finally, Jump Financial LLC lifted its position in BlackRock by 1.6% during the 4th quarter. Jump Financial LLC now owns 786 shares of the asset manager’s stock worth $806,000 after acquiring an additional 12 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Citigroup cut their price target on BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating for the company in a research note on Monday. StockNews.com began coverage on shares of BlackRock in a research note on Monday. They issued a “hold” rating for the company. Bank of America dropped their price target on shares of BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Barclays raised their price objective on shares of BlackRock from $950.00 to $990.00 and gave the company an “overweight” rating in a research report on Monday. Finally, UBS Group dropped their target price on BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $1,077.08.

Insider Activity at BlackRock

In other news, Director J. Richard Kushel sold 430 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $949.37, for a total value of $408,229.10. Following the completion of the transaction, the director now directly owns 3,720 shares of the company’s stock, valued at $3,531,656.40. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, 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 Up 1.2 %

BLK opened at $875.86 on Friday. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,084.22. The company has a market cap of $135.98 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.90 and a beta of 1.38. The business’s fifty day moving average is $932.56 and its two-hundred day moving average is $985.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, beating analysts’ consensus estimates of $10.84 by $0.46. The firm had revenue of $5.28 billion for the quarter, compared to analysts’ expectations of $5.47 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $9.81 EPS. Analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were given 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 2.38%. The ex-dividend date of this dividend was Friday, March 7th. BlackRock’s payout ratio is currently 50.63%.

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.