Curi RMB Capital LLC Increases Holdings in BlackRock, Inc. (NYSE:BLK)

Curi RMB Capital LLC boosted its position in BlackRock, Inc. (NYSE:BLK - Free Report) by 16.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,136 shares of the asset manager's stock after purchasing an additional 2,338 shares during the period. Curi RMB Capital LLC's holdings in BlackRock were worth $16,541,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on BLK. Barclays lifted their price target on shares of BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a report on Monday, April 14th. UBS Group cut their price target 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. TD Cowen decreased their target price on 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 assumed coverage on shares of BlackRock in a report on Monday, April 14th. They set a "hold" rating on the stock. Finally, Wells Fargo & Company reduced their price objective on BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,077.08.

BlackRock Stock Performance

Shares of NYSE BLK opened at $875.86 on Friday. The firm has a market cap of $135.98 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.90 and a beta of 1.38. 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 business's 50-day simple moving average is $930.31 and its 200-day simple moving average is $985.45. 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 posted its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, topping the consensus estimate of $10.84 by $0.46. The business had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.47 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm's revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.81 EPS. As a group, equities research analysts expect that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were issued a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.38%. This is an increase from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date of this dividend was Friday, March 7th. BlackRock's dividend payout ratio (DPR) is presently 50.63%.

Insiders Place Their Bets

In related news, Director J. Richard Kushel sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the completion of the transaction, the director now owns 68,433 shares in the company, valued at $69,117,330. This trade represents a 12.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 20,430 shares of company stock worth $21,234,629 over the last quarter. Company insiders own 0.90% of the company's stock.

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.

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