BlackRock, Inc. (NYSE:BLK) Shares Purchased by Country Club Bank

Country Club Bank increased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,981 shares of the asset manager’s stock after purchasing an additional 34 shares during the period. Country Club Bank’s holdings in BlackRock were worth $3,063,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in shares of BlackRock during the 3rd quarter worth approximately $26,000. Atwood & Palmer Inc. acquired a new position in BlackRock in the 4th quarter valued at $36,000. West Financial Advisors LLC acquired a new position in BlackRock in the 4th quarter valued at $39,000. Reston Wealth Management LLC acquired a new position in BlackRock in the 3rd quarter valued at $37,000. Finally, MFA Wealth Advisors LLC raised its holdings in BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 20 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Up 0.3 %

Shares of NYSE BLK opened at $1,017.12 on Wednesday. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,084.22. The company has a market cap of $157.53 billion, a P/E ratio of 24.22, a P/E/G ratio of 2.06 and a beta of 1.28. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average price of $1,026.10 and a 200 day moving average price of $965.17.

BlackRock (NYSE:BLK) last announced 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. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm earned $9.66 earnings per share. Research analysts anticipate that BlackRock, Inc. will post 47.45 EPS for the current fiscal year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be paid a dividend of $5.21 per share. The ex-dividend date of this dividend is Friday, March 7th. 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 2.05%. BlackRock’s dividend payout ratio (DPR) is currently 48.57%.

Insider Activity

In other news, Director Mark Wiedman sold 36,190 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the transaction, the director now directly owns 68,433 shares in the company, valued at $69,117,330. The trade was a 12.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,190 shares of company stock worth $115,163,141 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Cowen boosted their price target on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Evercore ISI increased their target price on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their target price on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. StockNews.com assumed coverage on BlackRock in a research report on Saturday. They issued a “hold” rating on the stock. Finally, UBS Group increased their target price on BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,120.67.

About BlackRock

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.