BlackRock, Inc. (NYSE:BLK) Shares Purchased by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA raised its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,270 shares of the asset manager’s stock after buying an additional 14 shares during the quarter. CHICAGO TRUST Co NA’s holdings in BlackRock were worth $1,202,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA grew its holdings in 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. grew its holdings in BlackRock by 2.8% during 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 last quarter. Mascoma Wealth Management LLC boosted its holdings in shares of BlackRock by 9.5% during the fourth quarter. Mascoma Wealth Management LLC now owns 127 shares of the asset manager’s stock worth $130,000 after purchasing an additional 11 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in shares of BlackRock by 2.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 534 shares of the asset manager’s stock worth $542,000 after purchasing an additional 11 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of BlackRock by 4.5% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 257 shares of the asset manager’s stock worth $263,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Trading Up 0.5%

Shares of BLK opened at $990.26 on Monday. The stock’s fifty day simple moving average is $925.28 and its 200 day simple moving average is $972.77. 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, Inc. has a twelve month low of $752.30 and a twelve month high of $1,084.22. The firm has a market capitalization of $153.42 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41.

BlackRock (NYSE:BLK) last released 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 return on equity of 16.32% and a net margin of 31.21%. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period last year, the company posted $9.81 earnings per share. The firm’s revenue was up 11.6% compared to the same quarter last year. On average, equities research analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th will be given a $5.21 dividend. This represents a $20.84 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, June 5th. BlackRock’s dividend payout ratio (DPR) is presently 50.63%.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $912.50, for a total value of $9,125,000.00. Following the transaction, the director now directly owns 66,034 shares of the company’s stock, valued at $60,256,025. This trade represents a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.98% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BLK. UBS Group decreased their price objective on BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. 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. Barclays raised their price objective on BlackRock from $950.00 to $990.00 and gave the stock an “overweight” rating in a report on Monday, April 14th. Citigroup decreased their price objective on BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, TD Cowen decreased their price objective on BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,082.46.

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.