BlackRock, Inc. (NYSE:BLK) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in BlackRock, Inc. (NYSE:BLK - Free Report) by 6.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 65,396 shares of the asset manager's stock after purchasing an additional 4,210 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in BlackRock were worth $67,038,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Fidelity D & D Bancorp Inc. boosted its holdings in BlackRock by 3.7% in the third quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager's stock worth $263,000 after acquiring an additional 10 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake in BlackRock by 8.7% in the 4th quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager's stock worth $128,000 after purchasing an additional 10 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA grew its position in BlackRock by 0.8% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager's stock worth $1,311,000 after purchasing an additional 10 shares during the last quarter. Legacy Capital Group California Inc. increased its stake in BlackRock by 2.8% during the 4th quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager's stock valued at $377,000 after purchasing an additional 10 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of BlackRock by 0.7% in the third quarter. Venturi Wealth Management LLC now owns 1,524 shares of the asset manager's stock worth $1,447,000 after buying an additional 11 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the completion of the transaction, the director now owns 68,433 shares in the company, valued at $73,403,973.12. This represents a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 20,430 shares of company stock valued at $21,234,629 in the last ninety days. Insiders own 0.90% of the company's stock.

BlackRock Stock Down 3.4 %

Shares of BLK traded down $32.05 during midday trading on Monday, reaching $914.87. The stock had a trading volume of 1,068,638 shares, compared to its average volume of 853,070. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The company's fifty day simple moving average is $992.35 and its two-hundred day simple moving average is $986.21. The company has a market cap of $141.69 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.90 and a beta of 1.28. BlackRock, Inc. has a 1-year low of $745.55 and a 1-year high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business's quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.66 EPS. Equities research analysts expect that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be issued a $5.21 dividend. This is a boost from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date is Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.28%. BlackRock's dividend payout ratio is presently 49.62%.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of research analyst reports. Barclays dropped their price objective on shares of BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price target on BlackRock from $1,215.00 to $1,275.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. UBS Group lifted their price target on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. increased their price objective on shares of BlackRock from $914.00 to $971.00 and gave the company a "neutral" rating in a report on Tuesday, January 14th. Finally, Morgan Stanley raised their price target on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, BlackRock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,120.67.

BlackRock Company 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.