First American Bank Purchases 14 Shares of BlackRock, Inc. (NYSE:BLK)

First American Bank lifted its holdings in BlackRock, Inc. (NYSE:BLK) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,307 shares of the asset manager’s stock after buying an additional 14 shares during the quarter. First American Bank’s holdings in BlackRock were worth $2,365,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Oddo BHF Asset Management Sas purchased a new position in shares of BlackRock in the 3rd quarter worth about $518,000. Erste Asset Management GmbH bought a new position in shares of BlackRock in the third quarter worth approximately $32,904,000. Amalgamated Bank increased its position 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 acquiring an additional 489 shares in the last quarter. Oregon Public Employees Retirement Fund raised 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 acquiring an additional 578 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its position in BlackRock by 2.3% in the 3rd quarter. Raymond James Trust N.A. now owns 27,092 shares of the asset manager’s stock valued at $25,724,000 after acquiring an additional 614 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BlackRock news, Director Mark Wiedman sold 36,190 shares of BlackRock 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 value 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. The trade was a 84.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director J. Richard Kushel sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the sale, the director now directly owns 68,433 shares in the company, valued at approximately $69,117,330. The trade was a 12.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 110,190 shares of company stock worth $115,163,141 in the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Trading Down 1.0 %

Shares of BlackRock stock opened at $944.49 on Friday. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The company has a market capitalization of $146.28 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.90 and a beta of 1.28. The company has a fifty day moving average of $1,004.72 and a 200 day moving average of $979.94.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the company earned $9.66 EPS. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. On average, sell-side analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be paid a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a yield of 2.21%. This is a boost from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is presently 49.62%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. StockNews.com assumed coverage on BlackRock in a research note on Tuesday. They issued a “hold” rating for the company. JPMorgan Chase & Co. raised their price target on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Evercore ISI increased their target price on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, UBS Group upped 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 report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.