BlackRock, Inc. (NYSE:BLK) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its position in BlackRock, Inc. (NYSE:BLK - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,111 shares of the asset manager's stock after selling 1,178 shares during the quarter. Sei Investments Co.'s holdings in BlackRock were worth $48,301,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BLK. FSA Wealth Management LLC acquired a new stake in BlackRock during the 3rd quarter worth $26,000. IAG Wealth Partners LLC acquired a new position in BlackRock during the fourth quarter worth about $26,000. Collier Financial acquired a new stake in BlackRock in the 4th quarter valued at about $32,000. Compass Planning Associates Inc purchased a new position in BlackRock in the 4th quarter worth approximately $33,000. Finally, Atwood & Palmer Inc. acquired a new position in shares of BlackRock during the 4th quarter worth approximately $36,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the sale, the director now directly owns 68,433 shares in the company, valued at $73,403,973.12. This represents a 12.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 20,430 shares of company stock valued at $21,234,629. 0.90% of the stock is currently owned by company insiders.

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BlackRock Trading Up 0.0 %

Shares of NYSE:BLK traded up $0.22 during mid-day trading on Thursday, reaching $968.46. 479,116 shares of the company were exchanged, compared to its average volume of 628,811. The firm has a market cap of $150.36 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.90 and a beta of 1.28. 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, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22. The firm's 50-day simple moving average is $980.33 and its 200 day simple moving average is $990.36.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating analysts' consensus estimates of $11.52 by $0.41. The business had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company's revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm posted $9.66 earnings per share. Equities research analysts forecast 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. Stockholders of record on Friday, March 7th were given a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, March 7th. This is a boost from BlackRock's previous quarterly dividend of $5.10. BlackRock's dividend payout ratio is currently 49.62%.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of analyst reports. UBS Group lifted their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Morgan Stanley raised their target price on BlackRock from $1,261.00 to $1,275.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. boosted their price target on shares of BlackRock from $914.00 to $971.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. StockNews.com assumed coverage on shares of BlackRock in a report on Friday, March 21st. They issued a "hold" rating for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, BlackRock has an average rating of "Moderate Buy" and an average target price of $1,120.67.

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.