Rockefeller Capital Management L.P. Acquires 3,514 Shares of BlackRock, Inc. (NYSE:BLK)

Rockefeller Capital Management L.P. boosted its stake in BlackRock, Inc. (NYSE:BLK - Free Report) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,160 shares of the asset manager's stock after buying an additional 3,514 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.10% of BlackRock worth $157,006,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLK. Vanguard Group Inc. lifted its holdings in BlackRock by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 13,376,606 shares of the asset manager's stock worth $13,712,493,000 after buying an additional 68,405 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of BlackRock by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 3,006,765 shares of the asset manager's stock valued at $3,072,787,000 after acquiring an additional 190,188 shares during the period. FMR LLC boosted its position in shares of BlackRock by 1.1% in the 4th quarter. FMR LLC now owns 2,390,450 shares of the asset manager's stock worth $2,450,475,000 after buying an additional 26,485 shares in the last quarter. Norges Bank acquired a new position in shares of BlackRock during the 4th quarter worth approximately $2,356,357,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of BlackRock by 17.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,102,643 shares of the asset manager's stock valued at $1,130,330,000 after acquiring an additional 160,323 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company's stock.

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BlackRock Stock Performance

Shares of NYSE BLK traded down $14.26 during midday trading on Wednesday, reaching $874.18. The company's stock had a trading volume of 175,692 shares, compared to its average volume of 932,895. The firm has a 50 day moving average price of $937.25 and a 200-day moving average price of $987.19. The stock has a market capitalization of $135.72 billion, a P/E ratio of 20.81, a PEG ratio of 1.90 and a beta of 1.38. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23.

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

BlackRock Increases Dividend

The firm 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. This represents a $20.84 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Friday, March 7th. This is an increase from BlackRock's previous quarterly dividend of $5.10. BlackRock's payout ratio is currently 50.63%.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 430 shares of the firm's stock in a transaction that occurred 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. This trade represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 20,430 shares of company stock valued at $21,234,629 over the last three months. Corporate insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. 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 report on Friday, April 11th. Wells Fargo & Company reduced their price target on shares of BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating on the stock in a research report on Monday. StockNews.com initiated coverage on BlackRock in a research note on Monday. They issued a "hold" rating for the company. 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. Finally, Bank of America dropped their price target on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, BlackRock has an average rating of "Moderate Buy" and an average price target of $1,077.08.

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.