BlackRock, Inc. (NYSE:BLK) Shares Bought by Mariner LLC

Mariner LLC grew its holdings in BlackRock, Inc. (NYSE:BLK) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 109,911 shares of the asset manager’s stock after acquiring an additional 1,801 shares during the quarter. Mariner LLC owned 0.07% of BlackRock worth $112,674,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BLK. Fidelity D & D Bancorp Inc. increased its stake in shares of 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 during the period. Princeton Global Asset Management LLC grew its position in BlackRock by 8.7% during 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 during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its stake in shares of 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 valued at $1,311,000 after buying an additional 10 shares during the last quarter. Legacy Capital Group California Inc. lifted its holdings in shares of BlackRock by 2.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock valued at $377,000 after buying an additional 10 shares during the period. Finally, Marino Stram & Associates LLC boosted its stake in shares of BlackRock by 0.3% in the fourth quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager’s stock worth $3,496,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Activity at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the completion of the sale, the director now directly owns 68,433 shares of the company’s stock, valued at $73,403,973.12. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 20,430 shares of company stock valued at $21,234,629. 0.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BLK. UBS Group decreased their price target on BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating for the company in a report on Friday. Barclays lowered their price target on shares of BlackRock from $1,210.00 to $950.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Deutsche Bank Aktiengesellschaft lifted 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. JPMorgan Chase & Co. lowered their target price on shares of BlackRock from $1,053.00 to $1,046.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, BlackRock has a consensus rating of “Moderate Buy” and an average target price of $1,096.92.

BlackRock Stock Up 2.4 %

NYSE BLK opened at $879.39 on Monday. BlackRock, Inc. has a one year low of $745.55 and a one year 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 business has a fifty day moving average price of $942.05 and a 200 day moving average price of $988.26. The company has a market cap of $136.53 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.90 and a beta of 1.38.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, topping the consensus estimate of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period last year, the firm posted $9.81 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. Research analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were given a $5.21 dividend. The ex-dividend date was Friday, March 7th. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.37%. BlackRock’s dividend payout ratio is 49.62%.

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.