Relyea Zuckerberg Hanson LLC Buys 449 Shares of BlackRock, Inc. (NYSE:BLK)

Relyea Zuckerberg Hanson LLC raised its holdings in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 115.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 838 shares of the asset manager's stock after purchasing an additional 449 shares during the quarter. Relyea Zuckerberg Hanson LLC's holdings in BlackRock were worth $859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. One Capital Management LLC lifted its stake in BlackRock by 31.7% in the second quarter. One Capital Management LLC now owns 324 shares of the asset manager's stock valued at $255,000 after buying an additional 78 shares during the last quarter. Edgestream Partners L.P. bought a new position in BlackRock in the 2nd quarter worth about $383,000. Mercer Global Advisors Inc. ADV increased its stake in shares of BlackRock by 6.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 16,108 shares of the asset manager's stock valued at $12,682,000 after purchasing an additional 1,019 shares during the period. Blair William & Co. IL boosted its position in shares of BlackRock by 12.0% during the second quarter. Blair William & Co. IL now owns 53,332 shares of the asset manager's stock worth $41,989,000 after buying an additional 5,730 shares during the period. Finally, Waterloo Capital L.P. grew its holdings in BlackRock by 6.0% in the 2nd quarter. Waterloo Capital L.P. now owns 765 shares of the asset manager's stock worth $602,000 after buying an additional 43 shares in the last quarter. Institutional investors own 80.69% of the company's stock.

BlackRock Trading Up 0.9 %

BLK traded up $8.51 during mid-day trading on Friday, reaching $1,004.23. The stock had a trading volume of 1,079,196 shares, compared to its average volume of 845,727. The firm's fifty day simple moving average is $1,028.03 and its two-hundred day simple moving average is $944.64. The stock has a market capitalization of $155.54 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.53 and a beta of 1.28. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,082.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06.

BlackRock (NYSE:BLK - Get Free Report) last posted its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, topping the consensus estimate of $11.52 by $0.41. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business's revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the business posted $9.66 earnings per share. On average, equities analysts predict that BlackRock, Inc. will post 43.02 EPS for the current year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th were paid a $5.10 dividend. This represents a $20.40 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, December 5th. BlackRock's payout ratio is 50.35%.

Insider Transactions at BlackRock

In related news, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction on Thursday, December 5th. The stock was 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 owns 41,916 shares in the company, valued at approximately $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 the firm's stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the sale, the director now owns 6,480 shares of the company's stock, valued at $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods decreased 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 report on Monday. Deutsche Bank Aktiengesellschaft upped their target price on BlackRock from $1,215.00 to $1,275.00 and gave the company a "buy" rating in a report on Thursday. StockNews.com assumed coverage on shares of BlackRock in a research report on Thursday. They issued a "hold" rating on the stock. JPMorgan Chase & Co. increased their target price on BlackRock from $914.00 to $971.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Wells Fargo & Company lifted their price target on BlackRock from $1,155.00 to $1,175.00 and gave the company an "overweight" rating in a report on Thursday. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,103.33.

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.