Core Alternative Capital Purchases 21 Shares of BlackRock, Inc. (NYSE:BLK)

Core Alternative Capital boosted its position in shares of BlackRock, Inc. (NYSE:BLK) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 870 shares of the asset manager’s stock after purchasing an additional 21 shares during the period. Core Alternative Capital’s holdings in BlackRock were worth $892,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in BLK. Pathway Financial Advisers LLC boosted its position in BlackRock by 89,389.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after buying an additional 1,044,962 shares during the period. International Assets Investment Management LLC boosted its position in BlackRock by 104,468.9% in the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock valued at $7,526,120,000 after buying an additional 791,874 shares during the period. Montrusco Bolton Investments Inc. purchased a new stake in BlackRock in the 4th quarter valued at about $343,976,000. Assenagon Asset Management S.A. purchased a new stake in BlackRock in the 4th quarter valued at about $330,662,000. Finally, FMR LLC boosted its position in BlackRock by 10.6% in the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock valued at $2,244,608,000 after buying an additional 226,135 shares during the period. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Down 0.7 %

NYSE:BLK opened at $985.24 on Tuesday. The firm has a market capitalization of $152.59 billion, a P/E ratio of 23.46, a PEG ratio of 1.93 and a beta of 1.28. BlackRock, Inc. has a 1-year low of $745.55 and a 1-year high of $1,084.22. The company’s fifty day moving average price is $1,024.93 and its 200-day moving average price is $969.98. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23.

BlackRock (NYSE:BLK) last released its quarterly 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. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the business earned $9.66 earnings per share. As a group, equities research analysts anticipate that BlackRock, Inc. will post 47.44 EPS for the current year.

BlackRock Increases Dividend

The business also recently disclosed 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. This represents a $20.84 annualized dividend and a yield of 2.12%. This is an increase from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is presently 48.57%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of BlackRock in a research report on Sunday. They issued a “hold” rating for the company. JPMorgan Chase & Co. upped their price target on shares of BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Barclays lowered their price target on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Keefe, Bruyette & Woods lowered their price target on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Wells Fargo & Company upped 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 report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and an average target price of $1,120.67.

Insider Buying and Selling at BlackRock

In related news, Director Mark Wiedman sold 36,190 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now directly owns 6,480 shares in the company, valued at approximately $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. 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 BlackRock stock in a transaction dated 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 sale, the chief operating officer now owns 41,916 shares of the company’s stock, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 110,190 shares of company stock valued at $115,163,141 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

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.