Coldstream Capital Management Inc. Has $7.64 Million Stake in BlackRock, Inc. (NYSE:BLK)

Coldstream Capital Management Inc. lessened its position in BlackRock, Inc. (NYSE:BLK) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,450 shares of the asset manager’s stock after selling 552 shares during the period. Coldstream Capital Management Inc.’s holdings in BlackRock were worth $7,638,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BLK. Fidelity D & D Bancorp Inc. raised its position in shares of BlackRock by 3.7% in the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager’s stock worth $263,000 after acquiring an additional 10 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in BlackRock by 8.7% in 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. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in BlackRock by 0.8% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager’s stock worth $1,311,000 after purchasing an additional 10 shares in the last quarter. Legacy Capital Group California Inc. lifted its position in BlackRock by 2.8% during the fourth quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock valued at $377,000 after buying an additional 10 shares during the period. Finally, Marino Stram & Associates LLC boosted its holdings in shares of BlackRock by 0.3% during the 4th quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager’s stock valued at $3,496,000 after buying an additional 11 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 430 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were 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 directly owns 3,720 shares of the company’s stock, valued at approximately $3,531,656.40. This represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 12,430 shares of company stock worth $12,838,649 in the last quarter. Company insiders own 1.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BLK. TD Cowen lowered their price target on shares of BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Barclays lifted their target price on shares of BlackRock from $950.00 to $990.00 and gave the company an “overweight” rating in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on BlackRock from $1,046.00 to $988.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company dropped their target price on BlackRock from $1,065.00 to $1,035.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, UBS Group reduced their price target on BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,077.08.

BlackRock Stock Down 0.9 %

Shares of BlackRock stock opened at $908.28 on Friday. BlackRock, Inc. has a twelve month low of $748.78 and a twelve month high of $1,084.22. 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 company’s 50 day moving average is $922.02 and its 200 day moving average is $983.49. The company has a market cap of $141.01 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38.

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

BlackRock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were given a dividend of $5.21 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.29%. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio is presently 50.63%.

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.