BlackRock, Inc. (NYSE:BLK) Shares Sold by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC lowered its stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,514 shares of the asset manager's stock after selling 1,020 shares during the period. BlackRock comprises 1.7% of M. Kulyk & Associates LLC's investment portfolio, making the stock its 18th biggest position. M. Kulyk & Associates LLC's holdings in BlackRock were worth $7,703,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BLK. Proficio Capital Partners LLC increased its stake in shares of BlackRock by 138,682.5% during the fourth quarter. Proficio Capital Partners LLC now owns 634,236 shares of the asset manager's stock worth $634,000 after purchasing an additional 633,779 shares in the last quarter. Amundi purchased a new stake in shares of BlackRock during the fourth quarter worth about $528,792,000. Montrusco Bolton Investments Inc. purchased a new stake in shares of BlackRock during the fourth quarter worth about $343,976,000. Assenagon Asset Management S.A. purchased a new stake in BlackRock during the 4th quarter valued at about $330,662,000. Finally, National Pension Service purchased a new stake in BlackRock during the 4th quarter valued at about $322,097,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

Wall Street Analyst Weigh In

BLK has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of BlackRock from $914.00 to $971.00 and gave the company a "neutral" rating in a research note on Tuesday, January 14th. Citigroup upped 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 note on Monday, December 23rd. Barclays dropped their price objective on shares of BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. UBS Group upped their price objective on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, BlackRock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,120.67.

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Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the company'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 transaction, the director now directly owns 68,433 shares in the company, valued at approximately $73,403,973.12. This represents a 12.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 20,430 shares of company stock worth $21,234,629. 0.90% of the stock is currently owned by insiders.

BlackRock Trading Down 3.4 %

Shares of BLK stock traded down $32.05 during trading hours on Monday, hitting $914.87. The company had a trading volume of 1,068,638 shares, compared to its average volume of 853,070. The company's fifty day moving average is $992.35 and its 200 day moving average 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. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22. The stock has a market capitalization of $141.69 billion, a PE 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 issued its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping the consensus estimate of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the business posted $9.66 EPS. The business's revenue for the quarter was up 22.6% compared to the same quarter last year. Research analysts expect that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be issued a $5.21 dividend. This is a positive change from BlackRock's previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Friday, March 7th. BlackRock's dividend payout ratio is currently 49.62%.

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.