MGO One Seven LLC Buys New Shares in BlackRock, Inc. (NYSE:BLK)

MGO One Seven LLC purchased a new position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,546 shares of the asset manager's stock, valued at approximately $3,635,000.

Other large investors also recently bought and sold shares of the company. IAG Wealth Partners LLC acquired a new position in BlackRock during the fourth quarter valued at approximately $26,000. Collier Financial purchased a new stake in shares of BlackRock during the 4th quarter valued at about $32,000. Compass Planning Associates Inc acquired a new position in shares of BlackRock during the fourth quarter worth $33,000. Atwood & Palmer Inc. purchased a new position in BlackRock in the 4th quarter valued at about $36,000. Finally, West Financial Advisors LLC purchased a new position in BlackRock in the fourth quarter valued at about $39,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

Insider Activity at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the completion of the transaction, the director now owns 68,433 shares in the company, valued at approximately $73,403,973.12. This represents a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 12,430 shares of company stock valued at $12,838,649. 1.98% of the stock is owned by corporate insiders.

BlackRock Stock Up 0.8 %

Shares of NYSE BLK opened at $894.59 on Thursday. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $138.89 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The firm's 50-day moving average is $924.53 and its 200-day moving average is $983.94. BlackRock, Inc. has a 1 year low of $748.02 and a 1 year high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.84 by $0.46. The firm had revenue of $5.28 billion for 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 company's revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business earned $9.81 earnings per share. Equities analysts expect that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors 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 2.33%. This is a positive change 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%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com initiated coverage on BlackRock in a research note on Tuesday. They issued a "hold" rating for the company. JPMorgan Chase & Co. lowered their price target on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. TD Cowen decreased their target price on shares of 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. Finally, Barclays lifted their price target on BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a report on Monday, April 14th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,077.08.

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.

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