388 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by Gray Wealth Management Inc.

Gray Wealth Management Inc. purchased a new stake in BlackRock, Inc. (NYSE:BLK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 388 shares of the asset manager's stock, valued at approximately $397,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BLK. Fidelity D & D Bancorp Inc. lifted its position in BlackRock by 3.7% in the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager's stock worth $263,000 after buying an additional 10 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in shares of 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 acquiring an additional 10 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its holdings in shares of BlackRock by 0.8% in the 4th 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. boosted its stake in shares of BlackRock by 2.8% in the 4th 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 in the last quarter. Finally, Studio Investment Management LLC grew its holdings in shares of BlackRock by 0.4% during the 3rd quarter. Studio Investment Management LLC now owns 3,076 shares of the asset manager's stock valued at $2,921,000 after purchasing an additional 11 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other news, Director J. Richard Kushel sold 10,000 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 68,433 shares of the company's stock, valued at $73,403,973.12. This 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. Over the last 90 days, insiders sold 20,430 shares of company stock worth $21,234,629. 0.90% of the stock is owned by corporate insiders.

BlackRock Trading Down 0.3 %

Shares of BLK traded down $3.12 during trading hours on Thursday, reaching $954.11. 667,880 shares of the company traded hands, compared to its average volume of 610,162. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,084.22. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The company's fifty day moving average price is $981.50 and its two-hundred day moving average price is $987.59. The company has a market capitalization of $148.13 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating the consensus estimate of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.57 billion. During the same period in the previous year, the firm posted $9.66 EPS. The business's revenue was up 22.6% on a year-over-year basis. Equities research analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be paid a $5.21 dividend. This represents a $20.84 annualized dividend and a yield of 2.18%. This is a boost from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date is Friday, March 7th. BlackRock's dividend payout ratio is presently 49.62%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of BlackRock from $914.00 to $971.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. Citigroup boosted their price objective on BlackRock from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods cut their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Wells Fargo & Company upped their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Finally, StockNews.com assumed coverage on shares of BlackRock in a report on Thursday, March 13th. They issued a "hold" rating on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.