Taika Capital LP Acquires Shares of 370 BlackRock, Inc. (NYSE:BLK)

Taika Capital LP purchased a new stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 370 shares of the asset manager's stock, valued at approximately $379,000.

Several other large investors have also recently made changes to their positions in the business. Fidelity D & D Bancorp Inc. lifted its position in shares of BlackRock by 3.7% during the third quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager's stock worth $263,000 after purchasing an additional 10 shares during the last quarter. Princeton Global Asset Management LLC increased its stake in BlackRock by 8.7% in the 4th 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 period. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in BlackRock by 0.8% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager's stock valued at $1,311,000 after buying an additional 10 shares in the last quarter. Legacy Capital Group California Inc. boosted its position in BlackRock by 2.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager's stock valued at $377,000 after buying an additional 10 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in BlackRock by 0.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,524 shares of the asset manager's stock worth $1,447,000 after acquiring an additional 11 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other BlackRock news, Director J. Richard Kushel sold 430 shares of BlackRock stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $949.37, for a total transaction of $408,229.10. Following the completion of the sale, the director now owns 3,720 shares of the company's stock, valued at approximately $3,531,656.40. The trade was a 10.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 20,430 shares of company stock valued at $21,234,629. Insiders own 0.90% of the company's stock.

Analyst Ratings Changes

BLK has been the subject of a number of research reports. Barclays lowered their price target on BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating for the company in a report on Monday, January 13th. Keefe, Bruyette & Woods lowered their target price on BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating for the company in a report on Monday, January 13th. StockNews.com started coverage on BlackRock in a research note on Wednesday, March 5th. They set a "hold" rating on the stock. UBS Group upped their price objective on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 21st. Finally, Morgan Stanley raised their target price on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,120.67.

BlackRock Stock Down 3.4 %

NYSE BLK traded down $32.05 on Monday, hitting $914.87. The stock had a trading volume of 1,068,638 shares, compared to its average volume of 853,070. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,084.22. The business's fifty day moving average price is $992.35 and its 200 day moving average price is $986.21. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The stock has a market cap of $141.69 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $0.41. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm's quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company posted $9.66 EPS. Equities research analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be paid a $5.21 dividend. The ex-dividend date is Friday, March 7th. This is a boost from BlackRock's previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 2.28%. BlackRock's dividend payout ratio (DPR) is 49.62%.

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.