Willingdon Wealth Management Has $3.86 Million Stake in BlackRock, Inc. (BLK)

Willingdon Wealth Management grew its stake in BlackRock, Inc. (NYSE:BLK) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,506 shares of the asset manager’s stock after purchasing an additional 137 shares during the period. BlackRock comprises 1.3% of Willingdon Wealth Management’s investment portfolio, making the stock its 20th biggest position. Willingdon Wealth Management’s holdings in BlackRock were worth $3,856,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BLK. Somerset Trust Co increased its stake in shares of BlackRock by 2.7% in the 4th quarter. Somerset Trust Co now owns 3,449 shares of the asset manager’s stock valued at $1,772,000 after purchasing an additional 90 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of BlackRock by 10.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 960 shares of the asset manager’s stock valued at $493,000 after purchasing an additional 93 shares in the last quarter. Naples Global Advisors LLC increased its stake in shares of BlackRock by 1.7% in the 4th quarter. Naples Global Advisors LLC now owns 5,495 shares of the asset manager’s stock valued at $2,823,000 after purchasing an additional 93 shares in the last quarter. Lau Associates LLC increased its stake in shares of BlackRock by 10.3% in the 4th quarter. Lau Associates LLC now owns 1,026 shares of the asset manager’s stock valued at $527,000 after purchasing an additional 96 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT increased its stake in shares of BlackRock by 8.8% in the 3rd quarter. Bradley Foster & Sargent Inc. CT now owns 1,342 shares of the asset manager’s stock valued at $600,000 after purchasing an additional 108 shares in the last quarter. 83.15% of the stock is owned by institutional investors and hedge funds.

Shares of BlackRock, Inc. (BLK) opened at $539.94 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89. The stock has a market capitalization of $83,948.45, a P/E ratio of 17.82, a PEG ratio of 1.40 and a beta of 1.76. BlackRock, Inc. has a 52-week low of $368.00 and a 52-week high of $594.52.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.94 by $0.30. The business had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. The business’s revenue was up 20.0% compared to the same quarter last year. During the same period in the prior year, the business earned $5.14 earnings per share. sell-side analysts predict that BlackRock, Inc. will post 28.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be given a $2.88 dividend. The ex-dividend date of this dividend is Tuesday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. This represents a $11.52 dividend on an annualized basis and a dividend yield of 2.13%. BlackRock’s dividend payout ratio is 33.00%.

BLK has been the subject of several recent analyst reports. Credit Suisse Group restated a “buy” rating and issued a $680.00 price target on shares of BlackRock in a research note on Friday, January 12th. Argus reiterated a “buy” rating and set a $620.00 price objective (up from $520.00) on shares of BlackRock in a research note on Tuesday, January 16th. Citigroup boosted their price objective on BlackRock to $625.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Jefferies Group boosted their price objective on BlackRock to $565.00 and gave the stock a “hold” rating in a research note on Monday, January 15th. Finally, Zacks Investment Research lowered BlackRock from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. BlackRock presently has an average rating of “Buy” and a consensus price target of $547.92.

In other news, insider Mark Mccombe sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $520.64, for a total value of $1,041,280.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Wagner sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $506.10, for a total value of $2,024,400.00. Following the completion of the sale, the director now owns 481,915 shares of the company’s stock, valued at $243,897,181.50. The disclosure for this sale can be found here. Insiders sold 10,275 shares of company stock valued at $5,342,005 over the last 90 days. Company insiders own 1.86% of the company’s stock.

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BlackRock Profile

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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