Fiduciary Management Inc. WI Decreases Position in BlackRock, Inc. (NYSE:BLK)

Fiduciary Management Inc. WI decreased its position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,488 shares of the asset manager's stock after selling 8,847 shares during the period. Fiduciary Management Inc. WI owned about 0.09% of BlackRock worth $142,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Fidelity D & D Bancorp Inc. raised its holdings in BlackRock by 3.7% in the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager's stock worth $263,000 after acquiring an additional 10 shares during the last quarter. Princeton Global Asset Management LLC grew its stake 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 acquiring an additional 10 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in 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 purchasing an additional 10 shares during the last quarter. Legacy Capital Group California Inc. boosted its stake in shares of BlackRock by 2.8% in the 4th 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. Finally, Marino Stram & Associates LLC increased its position in BlackRock by 0.3% during the fourth quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager's stock valued at $3,496,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

Analyst Upgrades and Downgrades

BLK has been the subject of several research reports. Bank of America reduced their price target on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Barclays increased their price target on shares of BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lowered their price target on shares of BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Finally, UBS Group decreased 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 research report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,077.08.

BlackRock Trading Up 0.8 %

NYSE:BLK traded up $7.37 during mid-day trading on Wednesday, hitting $894.59. 552,987 shares of the stock traded hands, compared to its average volume of 684,157. BlackRock, Inc. has a 52 week low of $748.02 and a 52 week high of $1,084.22. The firm's 50 day moving average is $926.10 and its two-hundred day moving average is $984.56. The stock has a market capitalization of $138.89 billion, a price-to-earnings ratio of 21.30, a PEG 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 (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.84 by $0.46. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same period last year, the company earned $9.81 EPS. BlackRock's quarterly revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a dividend of $5.21 per share. This is an increase from BlackRock's previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, March 7th. BlackRock's dividend payout ratio (DPR) is presently 50.63%.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the transaction, the director now owns 68,433 shares of the company's stock, valued at approximately $73,403,973.12. This trade represents a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.98% of the stock is currently owned by corporate 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.