467 Shares in BlackRock, Inc. (NYSE:BLK) Bought by Keyvantage Wealth LLC

Keyvantage Wealth LLC purchased a new stake in BlackRock, Inc. (NYSE:BLK) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 467 shares of the asset manager’s stock, valued at approximately $479,000.

Several other institutional investors also recently modified their holdings of BLK. Fidelity D & D Bancorp Inc. raised its stake in BlackRock by 3.7% in the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager’s stock valued at $263,000 after acquiring an additional 10 shares during the period. Princeton Global Asset Management LLC raised its position in shares of BlackRock by 8.7% in the fourth quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager’s stock valued at $128,000 after purchasing an additional 10 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA lifted 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 worth $1,311,000 after buying an additional 10 shares during the last quarter. Legacy Capital Group California Inc. boosted its holdings in shares of BlackRock by 2.8% during the 4th quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock worth $377,000 after buying an additional 10 shares during the period. Finally, Marino Stram & Associates LLC grew its stake in BlackRock by 0.3% in the 4th quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager’s stock valued at $3,496,000 after buying an additional 11 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Stock Performance

BlackRock stock opened at $894.59 on Thursday. The stock has a market cap of $138.89 billion, a PE ratio of 21.30, a P/E/G ratio of 1.90 and a beta of 1.38. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a 12-month low of $748.02 and a 12-month high of $1,084.22. The business’s 50-day moving average price is $924.53 and its two-hundred day moving average price is $983.94.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, beating 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 business had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the firm earned $9.81 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. As a group, analysts expect that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a dividend of $5.21 per share. This is an increase from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.33%. BlackRock’s dividend payout ratio (DPR) is 50.63%.

Insiders Place Their Bets

In other news, Director J. Richard Kushel sold 2,000 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the sale, the director now directly owns 66,034 shares in the company, valued at approximately $56,261,628.34. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 12,430 shares of company stock valued at $12,838,649 in the last 90 days. Corporate insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

BLK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price objective on BlackRock from $1,046.00 to $988.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Bank of America decreased their price objective on BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. TD Cowen dropped their target price on BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their price target on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Citigroup dropped their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,077.08.

BlackRock 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.