Capital International Inc. CA Has $41.32 Million Stock Position in BlackRock, Inc. (NYSE:BLK)

Capital International Inc. CA lifted its stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,305 shares of the asset manager's stock after acquiring an additional 10,798 shares during the quarter. Capital International Inc. CA's holdings in BlackRock were worth $41,317,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in BlackRock by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 13,376,606 shares of the asset manager's stock worth $13,712,493,000 after buying an additional 68,405 shares during the period. Capital World Investors raised its holdings in shares of BlackRock by 2.3% during the fourth quarter. Capital World Investors now owns 4,097,524 shares of the asset manager's stock valued at $4,200,450,000 after acquiring an additional 93,844 shares during the period. Geode Capital Management LLC lifted its position in shares of BlackRock by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 3,006,765 shares of the asset manager's stock valued at $3,072,787,000 after acquiring an additional 190,188 shares in the last quarter. FMR LLC boosted its stake in BlackRock by 1.1% in the 4th quarter. FMR LLC now owns 2,390,450 shares of the asset manager's stock worth $2,450,475,000 after purchasing an additional 26,485 shares during the period. Finally, Norges Bank purchased a new position in BlackRock during the 4th quarter worth approximately $2,356,357,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BLK. Morgan Stanley dropped their price target on BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Bank of America decreased 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 report on Thursday, April 3rd. TD Cowen cut their target price on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. StockNews.com started coverage on shares of BlackRock in a research note on Tuesday. They issued a "hold" rating on the stock. Finally, UBS Group reduced their price objective on BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,077.08.

Insider Buying and Selling at BlackRock

In related news, Director J. Richard Kushel sold 2,000 shares of the company's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $852.01, for a total value of $1,704,020.00. Following the completion of the transaction, the director now directly owns 66,034 shares in the company, valued at approximately $56,261,628.34. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 12,430 shares of company stock valued at $12,838,649 in the last quarter. Corporate insiders own 1.98% of the company's stock.

BlackRock Stock Performance

BLK stock traded up $20.59 during mid-day trading on Thursday, reaching $913.13. 306,720 shares of the stock traded hands, compared to its average volume of 683,606. The business has a 50-day moving average of $924.53 and a two-hundred day moving average of $983.94. BlackRock, Inc. has a 52 week low of $748.02 and a 52 week high of $1,084.22. The firm has a market capitalization of $141.77 billion, a PE ratio of 21.75, a P/E/G 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 announced its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter last year, the company posted $9.81 earnings per share. BlackRock's quarterly revenue was up 11.6% on a year-over-year basis. As a group, equities analysts predict that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a yield of 2.28%. This is a positive change from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date of this dividend was Friday, March 7th. BlackRock's payout ratio is currently 50.63%.

About BlackRock

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.