Intrust Bank NA Raises Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Intrust Bank NA increased its position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 34.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,321 shares of the asset manager's stock after buying an additional 338 shares during the period. Intrust Bank NA's holdings in BlackRock were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. 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 valued at $263,000 after acquiring an additional 10 shares in the last quarter. Princeton Global Asset Management LLC boosted its position 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 valued at $128,000 after buying an additional 10 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings 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 buying an additional 10 shares in the last quarter. Legacy Capital Group California Inc. raised its position in 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 buying an additional 10 shares during the last quarter. Finally, Marino Stram & Associates LLC boosted its holdings in BlackRock by 0.3% during the 4th quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager's stock worth $3,496,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently weighed in on BLK. UBS Group raised their price target on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a "neutral" rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their target price on BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price target on BlackRock from $914.00 to $971.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. Morgan Stanley upped their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on BlackRock from $1,215.00 to $1,275.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,120.67.

Insider Activity

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the 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 sale, the director now directly owns 68,433 shares in the company, valued at $73,403,973.12. This represents a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 20,430 shares of company stock worth $21,234,629. 0.90% of the stock is owned by company insiders.

BlackRock Stock Performance

NYSE:BLK traded up $0.75 on Monday, reaching $947.45. 625,747 shares of the company's stock were exchanged, compared to its average volume of 665,541. The stock has a fifty day simple moving average of $978.66 and a 200-day simple moving average of $992.24. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The firm has a market cap of $147.09 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 1.90 and a beta of 1.28.

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

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were issued a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date was Friday, March 7th. BlackRock's dividend payout ratio is presently 49.62%.

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.