Mirabella Financial Services LLP Makes New Investment in BlackRock, Inc. (NYSE:BLK)

Mirabella Financial Services LLP bought a new position in BlackRock, Inc. (NYSE:BLK - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,959 shares of the asset manager's stock, valued at approximately $2,008,000.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Citigroup lowered their price objective on BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group dropped their price target on shares of BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. TD Cowen dropped 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, Wells Fargo & Company dropped their price objective on BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,077.08.

BlackRock Stock Up 2.7 %

Shares of BLK stock traded up $23.84 on Thursday, hitting $916.38. 619,669 shares of the stock were exchanged, compared to its average volume of 684,785. The business has a 50-day moving average of $924.53 and a 200 day moving average of $983.94. BlackRock, Inc. has a fifty-two week low of $748.02 and a fifty-two week high of $1,084.22. The firm has a market capitalization of $142.27 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, topping analysts' consensus estimates of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same quarter in the previous year, the firm posted $9.81 earnings per share. The firm's revenue for the quarter was up 11.6% on a year-over-year basis. Equities analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were issued a dividend of $5.21 per share. This is an increase from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 annualized dividend and a yield of 2.27%. BlackRock's dividend payout ratio (DPR) is currently 50.63%.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $852.01, for a total value of $1,704,020.00. Following the transaction, the director now directly owns 66,034 shares of the company's stock, valued at $56,261,628.34. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 12,430 shares of company stock valued at $12,838,649 in the last three months. 1.98% of the stock is currently owned by company insiders.

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.