BlackRock, Inc. (BLK) Stake Decreased by Bailard Inc.

Bailard Inc. decreased its holdings in BlackRock, Inc. (NYSE:BLK) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 11,815 shares of the asset manager’s stock after selling 237 shares during the period. Bailard Inc.’s holdings in BlackRock were worth $6,069,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Keybank National Association OH raised its stake in BlackRock by 8.3% in the 4th quarter. Keybank National Association OH now owns 97,879 shares of the asset manager’s stock worth $50,281,000 after acquiring an additional 7,486 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in BlackRock by 3.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 93,869 shares of the asset manager’s stock worth $48,221,000 after acquiring an additional 3,197 shares during the last quarter. Willingdon Wealth Management raised its stake in BlackRock by 1.9% in the 4th quarter. Willingdon Wealth Management now owns 7,506 shares of the asset manager’s stock worth $3,856,000 after acquiring an additional 137 shares during the last quarter. Cape ANN Savings Bank purchased a new position in BlackRock in the 4th quarter worth $994,000. Finally, Barings LLC raised its stake in BlackRock by 434.7% in the 4th quarter. Barings LLC now owns 5,400 shares of the asset manager’s stock worth $2,774,000 after acquiring an additional 4,390 shares during the last quarter. 83.15% of the stock is owned by hedge funds and other institutional investors.

BlackRock, Inc. (NYSE:BLK) opened at $539.94 on Thursday. The firm has a market capitalization of $83,948.45, a PE ratio of 17.82, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.89 and a current ratio of 2.89.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, January 12th. The asset manager reported $6.24 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company’s revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the business posted $5.14 EPS. equities research analysts expect that BlackRock, Inc. will post 28.52 earnings per share for the current fiscal year.

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

In other BlackRock news, Director Susan Wagner sold 4,000 shares of BlackRock stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the completion of the transaction, the director now owns 481,915 shares in the company, valued at approximately $243,897,181.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeff A. Smith sold 100 shares of BlackRock stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $477.54, for a total value of $47,754.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,275 shares of company stock valued at $5,342,005 in the last quarter. Company insiders own 1.86% of the company’s stock.

A number of equities analysts recently issued reports on BLK shares. Citigroup lowered BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 target price for the company. in a research note on Thursday, January 25th. Argus restated a “buy” rating and issued a $620.00 target price (up previously from $520.00) on shares of BlackRock in a research note on Tuesday, January 16th. Credit Suisse Group restated a “buy” rating and issued a $680.00 target price on shares of BlackRock in a research note on Friday, January 12th. Zacks Investment Research lowered BlackRock from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $555.00 target price (up previously from $535.00) on shares of BlackRock in a research note on Tuesday, January 16th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $547.92.

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BlackRock Company 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.

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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