BlackRock, Inc. (NYSE:BLK) Holdings Decreased by Haverford Financial Services Inc.

Haverford Financial Services Inc. lessened its position in BlackRock, Inc. (NYSE:BLK - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,861 shares of the asset manager's stock after selling 1,000 shares during the period. BlackRock comprises 4.3% of Haverford Financial Services Inc.'s portfolio, making the stock its 7th largest holding. Haverford Financial Services Inc.'s holdings in BlackRock were worth $14,209,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blueprint Investment Partners LLC increased its holdings in shares of BlackRock by 39.0% in the 4th quarter. Blueprint Investment Partners LLC now owns 481 shares of the asset manager's stock worth $493,000 after purchasing an additional 135 shares in the last quarter. Guardian Partners Inc. purchased a new stake in shares of BlackRock during the fourth quarter valued at $338,000. Harbor Advisors LLC bought a new stake in BlackRock in the 4th quarter worth about $4,023,000. KLP Kapitalforvaltning AS purchased a new position in BlackRock in the 4th quarter worth about $51,312,000. Finally, AXQ Capital LP purchased a new stake in shares of BlackRock during the 4th quarter valued at about $1,195,000. Institutional investors own 80.69% of the company's stock.

Insider Activity

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the completion of the sale, the director now directly owns 68,433 shares in the company, valued at $73,403,973.12. This trade represents a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 20,430 shares of company stock worth $21,234,629. Corporate insiders own 0.90% of the company's stock.

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BlackRock Stock Up 0.0 %

BLK stock traded up $0.22 during trading on Thursday, hitting $968.46. 479,116 shares of the company's stock traded hands, compared to its average volume of 629,460. The firm has a market capitalization of $150.36 billion, a P/E ratio of 23.06, a PEG ratio of 1.90 and a beta of 1.28. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $979.80 and a two-hundred day simple moving average of $990.21.

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

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a dividend yield of 2.15%. This is a positive change from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date was Friday, March 7th. BlackRock's dividend payout ratio is presently 49.62%.

Analyst Ratings Changes

BLK has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Barclays dropped their price target on BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. UBS Group upped their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods dropped their target price on BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company upped their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an "overweight" rating in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,120.67.

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.