O ROURKE & COMPANY Inc Makes New Investment in BlackRock, Inc. (NYSE:BLK)

O ROURKE & COMPANY Inc purchased a new position in BlackRock, Inc. (NYSE:BLK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 499 shares of the asset manager's stock, valued at approximately $512,000.

A number of other hedge funds also recently bought and sold shares of BLK. Oddo BHF Asset Management Sas bought a new position in shares of BlackRock in the third quarter worth approximately $518,000. Amalgamated Bank lifted its holdings in shares of BlackRock by 1.7% during the fourth quarter. Amalgamated Bank now owns 28,711 shares of the asset manager's stock valued at $29,432,000 after purchasing an additional 489 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in BlackRock by 4.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,480 shares of the asset manager's stock worth $12,793,000 after buying an additional 578 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in BlackRock by 6.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,396 shares of the asset manager's stock worth $67,038,000 after buying an additional 4,210 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in shares of BlackRock by 48.2% during the 4th quarter. Artemis Investment Management LLP now owns 39,539 shares of the asset manager's stock valued at $40,532,000 after acquiring an additional 12,864 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 430 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $949.37, for a total value of $408,229.10. Following the sale, the director now owns 3,720 shares in the company, valued at approximately $3,531,656.40. The trade was a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have sold 20,430 shares of company stock worth $21,234,629. Corporate insiders own 0.90% of the company's stock.

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BlackRock Price Performance

BLK stock traded down $0.74 during midday trading on Tuesday, hitting $889.21. The company's stock had a trading volume of 516,178 shares, compared to its average volume of 683,689. 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, Inc. has a 12 month low of $745.55 and a 12 month high of $1,084.22. The company has a 50 day moving average of $937.25 and a two-hundred day moving average of $987.19. The firm has a market capitalization of $138.05 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38.

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

BlackRock Increases Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 2.34%. This is a boost from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date of this dividend was Friday, March 7th. BlackRock's payout ratio is 50.63%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BLK. Keefe, Bruyette & Woods dropped 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. StockNews.com assumed coverage on BlackRock in a research note on Monday. They set a "hold" rating for the company. UBS Group decreased their price target on shares of BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating on the stock in a research report on Friday. JPMorgan Chase & Co. cut their price objective 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. Finally, Citigroup lowered their target price on BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.