Capital Research Global Investors Has $3.34 Billion Stake in BlackRock, Inc. (NYSE:BLK)

Capital Research Global Investors lowered its holdings in BlackRock, Inc. (NYSE:BLK - Free Report) by 30.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,255,488 shares of the asset manager's stock after selling 1,446,874 shares during the quarter. Capital Research Global Investors owned about 2.10% of BlackRock worth $3,337,233,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BLK. Fidelity D & D Bancorp Inc. boosted its stake in BlackRock by 3.7% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager's stock valued at $263,000 after purchasing an additional 10 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in BlackRock by 8.7% during the fourth quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager's stock worth $128,000 after buying an additional 10 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in BlackRock by 0.8% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager's stock valued at $1,311,000 after acquiring an additional 10 shares in the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of BlackRock by 2.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager's stock valued at $377,000 after purchasing an additional 10 shares during the last quarter. Finally, Marino Stram & Associates LLC grew its position in BlackRock by 0.3% in the 4th quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager's stock worth $3,496,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BLK shares. TD Cowen reduced their target price on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Citigroup decreased their price target on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research note on Monday, April 14th. UBS Group dropped their price objective on BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Bank of America decreased their target price on 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on BlackRock from $1,215.00 to $1,275.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 20,430 shares of company stock valued at $21,234,629 in the last 90 days. Corporate insiders own 0.90% of the company's stock.

BlackRock Trading Up 1.2 %

Shares of BLK opened at $875.86 on Friday. The business's 50-day moving average price is $930.31 and its 200-day moving average price is $985.45. 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, Inc. has a twelve month low of $745.55 and a twelve month high of $1,084.22. The stock has a market cap of $135.98 billion, a PE ratio of 20.85, a P/E/G ratio of 1.90 and a beta of 1.38.

BlackRock (NYSE:BLK - Get Free Report) last posted its earnings results 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. The business had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.47 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $9.81 EPS. On average, equities analysts forecast that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were paid a $5.21 dividend. This is a positive change from BlackRock's previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Friday, March 7th. BlackRock's dividend payout ratio is currently 50.63%.

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.

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