Compagnie Lombard Odier SCmA Buys 1,838 Shares of BlackRock, Inc. (NYSE:BLK)

Compagnie Lombard Odier SCmA lifted its stake in BlackRock, Inc. (NYSE:BLK) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,468 shares of the asset manager’s stock after purchasing an additional 1,838 shares during the period. Compagnie Lombard Odier SCmA’s holdings in BlackRock were worth $38,409,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. FSA Wealth Management LLC bought a new stake in BlackRock during the 3rd quarter valued at approximately $26,000. Collier Financial purchased a new position in shares of BlackRock in the 4th quarter valued at approximately $32,000. Atwood & Palmer Inc. bought a new stake in shares of BlackRock during the fourth quarter valued at approximately $36,000. Reston Wealth Management LLC bought a new position in BlackRock in the third quarter worth $37,000. Finally, MFA Wealth Advisors LLC boosted its holdings in shares of BlackRock by 100.0% during the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after buying an additional 20 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock Price Performance

Shares of NYSE:BLK opened at $980.48 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The firm has a market cap of $151.86 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 1.93 and a beta of 1.28. The business has a 50-day simple moving average of $1,021.99 and a two-hundred day simple moving average of $971.97. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating the consensus estimate 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. The firm’s quarterly revenue was up 22.6% on a year-over-year basis. On average, analysts expect that BlackRock, Inc. will post 47.44 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be paid a $5.21 dividend. This is an increase from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is 49.62%.

Analysts Set New Price Targets

A number of brokerages have weighed in on BLK. Evercore ISI raised their target price on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley lifted their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. StockNews.com initiated coverage on BlackRock in a report on Sunday, February 9th. They issued a “hold” rating on the stock. Barclays reduced their price target on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a 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 note on Thursday, January 16th. Three equities research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

Insider Buying and Selling

In related news, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction that occurred on 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. The trade was a 84.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the completion of the transaction, the director now owns 68,433 shares in the company, valued at $69,117,330. The trade was a 12.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,190 shares of company stock valued at $115,163,141 over the last 90 days. Company 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.