2,106 Shares in BlackRock, Inc. (NYSE:BLK) Bought by Myriad Asset Management US LP

Myriad Asset Management US LP acquired a new position in BlackRock, Inc. (NYSE:BLK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,106 shares of the asset manager’s stock, valued at approximately $2,159,000. BlackRock comprises about 1.4% of Myriad Asset Management US LP’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors also recently modified their holdings of the business. Nations Financial Group Inc. IA ADV lifted its holdings in BlackRock by 2.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 4,051 shares of the asset manager’s stock valued at $4,153,000 after buying an additional 102 shares during the period. Villere ST Denis J & Co. LLC acquired a new position in BlackRock in the fourth quarter valued at $343,000. Rhumbline Advisers lifted its holdings in BlackRock by 0.7% in the fourth quarter. Rhumbline Advisers now owns 272,110 shares of the asset manager’s stock valued at $278,943,000 after buying an additional 1,920 shares during the period. PUREfi Wealth LLC acquired a new position in BlackRock in the fourth quarter valued at $574,000. Finally, Red Cedar Investment Management LLC acquired a new position in BlackRock in the fourth quarter valued at $1,885,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Performance

Shares of BLK stock opened at $973.22 on Friday. The stock has a market capitalization of $150.73 billion, a P/E ratio of 23.17, a PEG ratio of 1.93 and a beta of 1.28. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $1,020.68 and its 200 day moving average is $972.03. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,084.22.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $0.41. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the company posted $9.66 EPS. On average, sell-side analysts anticipate that BlackRock, Inc. will post 47.44 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be given a dividend of $5.21 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.14%. This is a boost from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is 48.57%.

Insider Activity

In related news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the transaction, the director now owns 68,433 shares of the company’s stock, valued at approximately $69,117,330. This trade represents a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the transaction, the chief operating officer now directly owns 41,916 shares in the company, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,190 shares of company stock worth $115,163,141. 0.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BLK shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Citigroup upped their price objective on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Wells Fargo & Company upped their price objective on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Evercore ISI upped their price objective on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, StockNews.com began coverage on shares of BlackRock in a report on Sunday, February 9th. They issued a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,120.67.

BlackRock Company 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.