German American Bancorp Inc. Boosts Stock Holdings in BlackRock, Inc. (NYSE:BLK)

German American Bancorp Inc. raised its stake in BlackRock, Inc. (NYSE:BLK - Free Report) by 7.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,902 shares of the asset manager's stock after buying an additional 771 shares during the period. BlackRock comprises about 1.1% of German American Bancorp Inc.'s portfolio, making the stock its 23rd biggest position. German American Bancorp Inc.'s holdings in BlackRock were worth $10,352,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Fairscale Capital LLC bought a new stake in BlackRock during the second quarter valued at $31,000. Reston Wealth Management LLC bought a new stake in shares of BlackRock during the 3rd quarter valued at about $37,000. MFA Wealth Advisors LLC grew its stake in BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager's stock worth $38,000 after purchasing an additional 20 shares during the period. Addison Advisors LLC grew its stake in BlackRock by 81.5% during the third quarter. Addison Advisors LLC now owns 49 shares of the asset manager's stock worth $47,000 after purchasing an additional 22 shares during the period. Finally, Olistico Wealth LLC bought a new stake in BlackRock in the second quarter worth approximately $53,000. Institutional investors and hedge funds own 80.69% of the company's stock.

Insider Buying and Selling

In related news, Director Mark Wiedman sold 12,000 shares of BlackRock stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $900.00, for a total value of $10,800,000.00. Following the sale, the director now owns 6,480 shares of the company's stock, valued at approximately $5,832,000. The trade was a 64.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is owned by insiders.

BlackRock Stock Up 0.3 %

BLK traded up $3.33 during mid-day trading on Thursday, reaching $1,028.00. 471,129 shares of the stock were exchanged, compared to its average volume of 574,776. The company has a 50 day moving average price of $978.33 and a two-hundred day moving average price of $876.59. The stock has a market capitalization of $159.22 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 1.83 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. BlackRock, Inc. has a 1 year low of $724.54 and a 1 year high of $1,068.34.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.42 by $1.04. The business had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm's quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.91 EPS. As a group, research analysts anticipate that BlackRock, Inc. will post 43.17 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th will be paid a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Thursday, December 5th. BlackRock's payout ratio is 50.35%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BLK. Deutsche Bank Aktiengesellschaft raised their price objective on shares of BlackRock from $1,105.00 to $1,133.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Evercore ISI raised their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on shares of BlackRock from $864.00 to $914.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Barclays raised their target price on BlackRock from $1,010.00 to $1,120.00 and gave the company an "overweight" rating in a research note on Monday, October 14th. Finally, TD Cowen upped their price target on BlackRock from $960.00 to $1,077.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,019.62.

BlackRock 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.