MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stock Position in BlackRock, Inc. (NYSE:BLK)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,343 shares of the asset manager’s stock after acquiring an additional 232 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in BlackRock were worth $14,703,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Princeton Global Asset Management LLC boosted its holdings in shares of BlackRock by 8.7% in the fourth quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager’s stock worth $128,000 after buying an additional 10 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of BlackRock by 0.8% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager’s stock worth $1,311,000 after buying an additional 10 shares during the last quarter. Legacy Capital Group California Inc. boosted its holdings in shares of BlackRock by 2.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock worth $377,000 after buying an additional 10 shares during the last quarter. Marino Stram & Associates LLC boosted its holdings in shares of BlackRock by 0.3% in the fourth quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager’s stock worth $3,496,000 after buying an additional 11 shares during the last quarter. Finally, Mascoma Wealth Management LLC boosted its holdings in shares of BlackRock by 9.5% in the fourth quarter. Mascoma Wealth Management LLC now owns 127 shares of the asset manager’s stock worth $130,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BLK shares. UBS Group dropped their price objective on shares of BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Wells Fargo & Company lowered their price target on shares of BlackRock from $1,065.00 to $1,035.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Citigroup lowered their price target on shares of BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley lowered their price target on shares of BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and an average target price of $1,077.08.

Insider Buying and Selling

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the business’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the transaction, the director now owns 66,034 shares in the company, valued at $56,261,628.34. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 12,430 shares of company stock worth $11,237,249. Insiders own 1.98% of the company’s stock.

BlackRock Trading Up 1.6%

BlackRock stock opened at $982.10 on Friday. The stock has a market cap of $152.47 billion, a P/E ratio of 23.38, a PEG ratio of 1.90 and a beta of 1.41. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock, Inc. has a 1 year low of $752.30 and a 1 year high of $1,084.22. The firm’s 50 day moving average price is $914.52 and its 200-day moving average price is $978.04.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $9.81 earnings per share. On average, equities analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Thursday, June 5th will be given a $5.21 dividend. This represents a $20.84 annualized dividend and a yield of 2.12%. BlackRock’s dividend payout ratio is presently 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.