BlackRock, Inc. (NYSE:BLK) Shares Purchased by Cyrus J. Lawrence LLC

Cyrus J. Lawrence LLC boosted its stake in BlackRock, Inc. (NYSE:BLK) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,547 shares of the asset manager’s stock after purchasing an additional 71 shares during the period. BlackRock comprises approximately 1.7% of Cyrus J. Lawrence LLC’s portfolio, making the stock its 25th largest position. Cyrus J. Lawrence LLC’s holdings in BlackRock were worth $8,762,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in BLK. FSA Wealth Management LLC acquired a new stake in BlackRock in the 3rd quarter valued at approximately $26,000. IAG Wealth Partners LLC acquired a new stake in BlackRock in the 4th quarter valued at approximately $26,000. Collier Financial acquired a new stake in BlackRock in the 4th quarter valued at approximately $32,000. Compass Planning Associates Inc acquired a new stake in BlackRock in the 4th quarter valued at approximately $33,000. Finally, Atwood & Palmer Inc. acquired a new stake in BlackRock in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the completion of the sale, the director now directly owns 68,433 shares of the company’s stock, valued at $73,403,973.12. The trade was a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 20,430 shares of company stock valued at $21,234,629 over the last ninety days. Insiders own 0.90% of the company’s stock.

BlackRock Stock Performance

Shares of BLK stock opened at $950.43 on Friday. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,084.22. The company has a market cap of $147.56 billion, a P/E ratio of 22.63, a PEG ratio of 1.90 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 has a fifty day moving average price of $980.77 and a 200 day moving average price of $987.70.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the previous year, the company earned $9.66 earnings per share. BlackRock’s quarterly revenue was up 22.6% compared to the same quarter last year. Sell-side analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a $5.21 dividend. The ex-dividend date is Friday, March 7th. This is a boost from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 2.19%. BlackRock’s payout ratio is 49.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BLK shares. Wells Fargo & Company boosted their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Citigroup boosted their price target on shares of BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. JPMorgan Chase & Co. boosted their price target on shares of BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Morgan Stanley boosted their price target on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, UBS Group boosted their price target on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.