MSH Capital Advisors LLC Buys Shares of 4,074 BlackRock, Inc. (NYSE:BLK)

MSH Capital Advisors LLC purchased a new position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,074 shares of the asset manager's stock, valued at approximately $4,176,000. BlackRock accounts for 1.3% of MSH Capital Advisors LLC's holdings, making the stock its 18th largest position.

A number of other institutional investors have also modified their holdings of the company. Morse Asset Management Inc acquired a new position in BlackRock in the 3rd quarter valued at about $66,000. Invst LLC boosted its stake in shares of BlackRock by 2.2% in the third quarter. Invst LLC now owns 2,435 shares of the asset manager's stock valued at $2,312,000 after purchasing an additional 52 shares during the period. Wealthquest Corp purchased a new stake in BlackRock during the 3rd quarter worth approximately $225,000. Tudor Financial Inc. acquired a new stake in BlackRock during the 3rd quarter worth approximately $399,000. Finally, Anchor Investment Management LLC boosted its position in BlackRock by 31.8% in the 3rd quarter. Anchor Investment Management LLC now owns 791 shares of the asset manager's stock valued at $751,000 after buying an additional 191 shares during the period. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the completion of the sale, the director now owns 68,433 shares in the company, valued at $69,117,330. This represents a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 20,430 shares of company stock worth $21,234,629 in the last quarter. Company insiders own 1.98% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. StockNews.com assumed coverage on BlackRock in a research report on Monday, April 14th. They issued a "hold" rating on the stock. 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 research note on Monday, January 13th. TD Cowen decreased their price target on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, UBS Group lowered 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 report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,077.08.

BlackRock Stock Performance

BLK traded up $10.08 on Friday, reaching $875.86. The company had a trading volume of 1,034,313 shares, compared to its average volume of 684,910. The stock has a 50-day moving average price of $930.31 and a 200-day moving average price of $985.65. The stock has a market capitalization of $135.98 billion, a PE ratio of 20.85, a P/E/G ratio of 1.90 and a beta of 1.38. BlackRock, Inc. has a 1 year low of $748.02 and a 1 year 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.

BlackRock (NYSE:BLK - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, beating the consensus estimate of $10.84 by $0.46. The business had revenue of $5.28 billion during the quarter, compared to the consensus estimate 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 period in the prior year, the company earned $9.81 earnings per share. As a group, research analysts forecast that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from BlackRock's previous quarterly dividend of $5.10. BlackRock's dividend payout ratio (DPR) is currently 50.63%.

About BlackRock

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.