Bryn Mawr Capital Management LLC Purchases 2,569 Shares of BlackRock, Inc. (NYSE:BLK)

Bryn Mawr Capital Management LLC increased its position in BlackRock, Inc. (NYSE:BLK - Free Report) by 23.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,310 shares of the asset manager's stock after purchasing an additional 2,569 shares during the period. Bryn Mawr Capital Management LLC's holdings in BlackRock were worth $13,644,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BLK. Pathway Financial Advisers LLC raised its position in BlackRock by 89,389.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager's stock valued at $993,312,000 after buying an additional 1,044,962 shares during the last quarter. International Assets Investment Management LLC raised its position in BlackRock by 104,468.9% in the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager's stock valued at $7,526,120,000 after buying an additional 791,874 shares during the last quarter. Montrusco Bolton Investments Inc. purchased a new stake in BlackRock in the 4th quarter valued at $343,976,000. Assenagon Asset Management S.A. purchased a new stake in shares of BlackRock during the 4th quarter valued at $330,662,000. Finally, FMR LLC increased its position in shares of BlackRock by 10.6% during the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager's stock valued at $2,244,608,000 after purchasing an additional 226,135 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Price Performance

NYSE BLK traded down $13.71 during trading hours on Friday, hitting $975.68. The company had a trading volume of 600,488 shares, compared to its average volume of 801,293. The firm has a market capitalization of $151.11 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 1.89 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The firm has a 50 day simple moving average of $1,013.24 and a 200 day simple moving average of $976.04. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last issued 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. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company's revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the company posted $9.66 EPS. Equities research analysts expect that BlackRock, Inc. will post 47.44 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be issued a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. BlackRock's dividend payout ratio (DPR) is currently 48.57%.

Insider Activity at BlackRock

In other news, Director Mark Wiedman sold 36,190 shares of the business's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the transaction, the director now directly owns 6,480 shares of the company's stock, valued at approximately $6,777,432. The trade was a 84.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert L. Goldstein sold 54,000 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the transaction, the chief operating officer now directly owns 41,916 shares in the company, valued at $43,845,393.48. This trade represents a 56.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,190 shares of company stock valued at $115,163,141. Corporate insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

BLK has been the subject of several research analyst reports. Barclays decreased their target price on BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company increased their price target on BlackRock from $1,155.00 to $1,175.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. increased their price target on BlackRock from $914.00 to $971.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. Evercore ISI increased their price target on BlackRock from $1,040.00 to $1,160.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on BlackRock from $1,215.00 to $1,275.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.