Boston Trust Walden Corp Purchases New Holdings in BlackRock, Inc. (NYSE:BLK)

Boston Trust Walden Corp acquired a new position in BlackRock, Inc. (NYSE:BLK) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,102 shares of the asset manager’s stock, valued at approximately $27,783,000.

Other institutional investors also recently modified their holdings of the company. Financial Life Planners bought a new position in BlackRock in the fourth quarter worth $45,000. Resonant Capital Advisors LLC lifted its holdings in shares of BlackRock by 4.4% during the 4th quarter. Resonant Capital Advisors LLC now owns 598 shares of the asset manager’s stock worth $613,000 after acquiring an additional 25 shares during the period. Brentview Investment Management LLC acquired a new stake in shares of BlackRock during the 4th quarter valued at about $3,618,000. Financial Partners Group Inc bought a new stake in BlackRock in the fourth quarter valued at about $266,000. Finally, Princeton Global Asset Management LLC lifted its stake in BlackRock by 8.7% during the fourth 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. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction on Friday, December 6th. The shares were sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director J. Richard Kushel sold 10,000 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the completion of the sale, the director now owns 68,433 shares of the company’s stock, valued at approximately $73,403,973.12. This represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,190 shares of company stock worth $115,163,141. 0.90% of the stock is currently owned by company insiders.

BlackRock Stock Down 5.6 %

NYSE:BLK opened at $1,014.90 on Tuesday. The company has a market cap of $157.19 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 2.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,084.22. The stock’s fifty day moving average price is $1,026.43 and its two-hundred day moving average price is $963.86.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, beating the consensus estimate of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the previous year, the company posted $9.66 EPS. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts anticipate that BlackRock, Inc. will post 47.45 EPS for the current year.

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be issued a dividend of $5.21 per share. The ex-dividend date is Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a yield of 2.05%. This is a boost from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is 48.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on BLK shares. Deutsche Bank Aktiengesellschaft increased their target price on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. increased their price objective on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. StockNews.com started coverage on shares of BlackRock in a research note on Saturday. They issued a “hold” rating on the stock. TD Cowen lifted their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Barclays decreased their price objective on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,120.67.

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.