BlackRock, Inc. (NYSE:BLK) Shares Acquired by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. increased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.6% in the first quarter, Holdings Channel.com reports. The institutional investor owned 15,473 shares of the asset manager’s stock after acquiring an additional 240 shares during the period. BlackRock makes up about 0.9% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 28th largest holding. Mogy Joel R Investment Counsel Inc.’s holdings in BlackRock were worth $14,645,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BLK. Amalgamated Bank raised its stake in BlackRock by 1.7% during the 4th quarter. Amalgamated Bank now owns 28,711 shares of the asset manager’s stock valued at $29,432,000 after acquiring an additional 489 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in BlackRock by 4.9% in the fourth 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 period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in BlackRock by 6.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager’s stock valued at $67,038,000 after buying an additional 4,210 shares in the last quarter. Polar Capital Holdings Plc acquired a new position in BlackRock during the 4th quarter valued at about $15,307,000. Finally, Alberta Investment Management Corp raised its position in shares of BlackRock by 242.3% during the 4th quarter. Alberta Investment Management Corp now owns 21,905 shares of the asset manager’s stock worth $22,455,000 after buying an additional 15,505 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Price Performance

NYSE BLK opened at $993.30 on Thursday. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a 1 year low of $758.20 and a 1 year high of $1,084.22. The company has a market cap of $153.89 billion, a PE ratio of 23.65, a PEG ratio of 1.90 and a beta of 1.41. The stock’s 50-day moving average price is $931.30 and its two-hundred day moving average price is $972.72.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.84 by $0.46. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.81 earnings per share. On average, analysts predict that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th will be paid a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock’s dividend payout ratio (DPR) is currently 50.63%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Wall Street Zen raised BlackRock to a “hold” rating in a research note on Saturday, May 24th. Citigroup dropped their price objective on BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company raised their target price on BlackRock from $1,035.00 to $1,105.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Finally, Bank of America lowered their target price on BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,082.46.

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the firm’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the completion of the sale, the director now directly owns 66,034 shares in the company, valued at approximately $56,261,628.34. This trade represents a 2.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.98% of the stock is currently owned by insiders.

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.