BTG Pactual Asset Management US LLC Takes Position in BlackRock, Inc. (NYSE:BLK)

BTG Pactual Asset Management US LLC acquired a new stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,605 shares of the asset manager's stock, valued at approximately $1,645,000.

Several other large investors have also recently added to or reduced their stakes in the stock. IAG Wealth Partners LLC purchased a new position in shares of BlackRock during the 4th quarter valued at $26,000. Collier Financial acquired a new stake in BlackRock during the fourth quarter valued at $32,000. Compass Planning Associates Inc purchased a new position in BlackRock in the fourth quarter valued at about $33,000. Atwood & Palmer Inc. acquired a new position in BlackRock in the 4th quarter worth about $36,000. Finally, West Financial Advisors LLC purchased a new stake in shares of BlackRock during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 80.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays increased their price objective on BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a report on Monday. Morgan Stanley dropped 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 research note on Monday, April 7th. Citigroup reduced their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research note on Monday. JPMorgan Chase & Co. decreased their price objective on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating for the company in a report on Monday. Finally, StockNews.com assumed coverage on BlackRock in a report on Monday. They set a "hold" rating on the stock. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,077.08.

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Insider Activity at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction that occurred on 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 sale, the director now owns 68,433 shares of the company's stock, valued at approximately $69,117,330. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 20,430 shares of company stock worth $21,234,629 over the last three months. Company insiders own 0.90% of the company's stock.

BlackRock Stock Performance

Shares of BLK stock traded down $0.74 during trading hours on Tuesday, reaching $889.21. 516,178 shares of the company's stock were exchanged, compared to its average volume of 683,689. The business has a fifty day moving average price of $937.25 and a 200-day moving average price of $987.19. The stock has a market capitalization of $138.05 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.90 and a beta of 1.38. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22.

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

BlackRock Increases Dividend

The company also recently announced 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. The ex-dividend date was Friday, March 7th. This is an increase from BlackRock's previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 2.34%. BlackRock's dividend payout ratio (DPR) is 50.63%.

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.