2,772 Shares in BlackRock, Inc. (NYSE:BLK) Purchased by Impact Capital Partners LLC

Impact Capital Partners LLC bought a new stake in shares of BlackRock, Inc. (NYSE:BLK) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,772 shares of the asset manager’s stock, valued at approximately $2,842,000. BlackRock makes up 1.0% of Impact Capital Partners LLC’s portfolio, making the stock its 22nd biggest position.

A number of other hedge funds have also made changes to their positions in the stock. Proficio Capital Partners LLC boosted its stake in shares of BlackRock by 138,682.5% during the 4th quarter. Proficio Capital Partners LLC now owns 634,236 shares of the asset manager’s stock valued at $634,000 after buying an additional 633,779 shares during the period. Amundi purchased a new stake in shares of BlackRock during the fourth quarter worth $528,792,000. Montrusco Bolton Investments Inc. purchased a new position in BlackRock in the fourth quarter valued at about $343,976,000. Assenagon Asset Management S.A. acquired a new position in BlackRock in the 4th quarter worth about $330,662,000. Finally, National Pension Service acquired a new position in BlackRock in the 4th quarter worth about $322,097,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Trading Down 0.0 %

Shares of BlackRock stock opened at $909.96 on Thursday. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22. The company’s fifty day simple moving average is $987.79 and its 200-day simple moving average is $985.88. The company has a market cap of $141.27 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 1.90 and a beta of 1.29. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45.

BlackRock (NYSE:BLK) last posted 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. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the firm posted $9.66 EPS. The business’s revenue was up 22.6% compared to the same quarter last year. As a group, sell-side analysts expect that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be issued a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is presently 49.62%.

Insider Activity

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the business’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 sale, the director now owns 68,433 shares of the company’s stock, valued at $73,403,973.12. The trade was a 12.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have sold 20,430 shares of company stock worth $21,234,629. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BLK shares. Citigroup increased their price objective on BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Wells Fargo & Company increased their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Barclays reduced their price objective on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased 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 report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods decreased their price target on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and an average 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.