Jump Financial LLC Purchases 12 Shares of BlackRock, Inc. (NYSE:BLK)

Jump Financial LLC lifted its position in BlackRock, Inc. (NYSE:BLK) by 1.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 786 shares of the asset manager’s stock after buying an additional 12 shares during the period. Jump Financial LLC’s holdings in BlackRock were worth $806,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new position in shares of BlackRock in the 3rd quarter valued at approximately $66,000. Invst LLC boosted its holdings in shares of BlackRock by 2.2% in the third quarter. Invst LLC now owns 2,435 shares of the asset manager’s stock valued at $2,312,000 after buying an additional 52 shares during the period. Wealthquest Corp bought a new stake in shares of BlackRock during the third quarter worth $225,000. Tudor Financial Inc. acquired a new stake in shares of BlackRock during the third quarter worth $399,000. Finally, Anchor Investment Management LLC boosted its stake in BlackRock by 31.8% in the 3rd quarter. Anchor Investment Management LLC now owns 791 shares of the asset manager’s stock worth $751,000 after purchasing an additional 191 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 J. Richard Kushel sold 430 shares of BlackRock stock in a transaction on Friday, February 28th. The stock was sold at an average price of $949.37, for a total transaction of $408,229.10. Following the completion of the sale, the director now owns 3,720 shares of the company’s stock, valued at approximately $3,531,656.40. This trade represents a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.98% of the company’s stock.

BlackRock Stock Performance

BLK opened at $855.56 on Tuesday. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The stock has a market cap of $132.83 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 1.90 and a beta of 1.38. BlackRock, Inc. has a 12-month low of $748.02 and a 12-month high of $1,084.22. The business has a 50 day moving average of $927.95 and a 200-day moving average of $985.23.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, topping analysts’ consensus estimates of $10.84 by $0.46. The firm had revenue of $5.28 billion during the quarter, compared to analysts’ expectations of $5.47 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $9.81 earnings per share. On average, equities research analysts expect that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a dividend of $5.21 per share. The ex-dividend date was Friday, March 7th. This is an increase from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a yield of 2.44%. BlackRock’s dividend payout ratio (DPR) is 50.63%.

Wall Street Analyst Weigh In

BLK has been the topic of several recent research reports. Barclays lifted their price target on BlackRock from $950.00 to $990.00 and gave the company an “overweight” rating in a research note on Monday, April 14th. Wells Fargo & Company cut their target price on BlackRock from $1,065.00 to $1,035.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. StockNews.com initiated coverage on shares of BlackRock in a research report on Tuesday. They issued a “hold” rating on the stock. Finally, Morgan Stanley decreased their target price on shares of BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and an average target price of $1,077.08.

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.