675 Shares in BlackRock, Inc. (NYSE:BLK) Purchased by Lmcg Investments LLC

Lmcg Investments LLC purchased a new stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 675 shares of the asset manager's stock, valued at approximately $692,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Marino Stram & Associates LLC raised its stake in BlackRock by 0.3% during the 3rd quarter. Marino Stram & Associates LLC now owns 3,399 shares of the asset manager's stock worth $3,227,000 after acquiring an additional 10 shares during the period. Fidelity D & D Bancorp Inc. boosted its holdings 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 period. Onyx Bridge Wealth Group LLC raised its holdings in BlackRock by 3.5% during the third quarter. Onyx Bridge Wealth Group LLC now owns 328 shares of the asset manager's stock valued at $312,000 after acquiring an additional 11 shares during the period. Ballentine Partners LLC lifted its position in shares of BlackRock by 0.3% in the third quarter. Ballentine Partners LLC now owns 3,424 shares of the asset manager's stock valued at $3,251,000 after acquiring an additional 11 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in shares of BlackRock by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 2,979 shares of the asset manager's stock worth $2,829,000 after purchasing an additional 11 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on BLK. StockNews.com started coverage on shares of BlackRock in a report on Thursday, January 16th. They set a "hold" rating for the company. Deutsche Bank Aktiengesellschaft increased their target price 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. Barclays reduced their price target on shares of BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. TD Cowen increased their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods reduced 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. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, BlackRock has a consensus rating of "Moderate Buy" and an average target price of $1,120.67.

Insider Activity at BlackRock

In other news, COO Robert L. Goldstein sold 54,000 shares of the company's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the sale, the chief operating officer now directly owns 41,916 shares of the company's stock, valued at $43,845,393.48. This represents a 56.30 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $1,045.90, for a total value of $37,851,121.00. Following the transaction, the director now owns 6,480 shares of the company's stock, valued at approximately $6,777,432. This represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Trading Down 0.5 %

BLK stock traded down $5.48 during trading on Wednesday, hitting $1,006.61. The company had a trading volume of 570,283 shares, compared to its average volume of 811,651. The firm has a market capitalization of $155.90 billion, a P/E ratio of 23.97, a PEG ratio of 1.82 and a beta of 1.28. The company has a 50 day simple moving average of $1,025.85 and a 200-day simple moving average of $951.47. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,082.45. 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 (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 the consensus estimate of $11.52 by $0.41. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm's quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $9.66 earnings per share. As a group, research analysts forecast that BlackRock, Inc. will post 47.43 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were given a $5.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.03%. BlackRock's payout ratio is 48.57%.

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.