42 Shares in BlackRock, Inc. (NYSE:BLK) Purchased by Prudent Man Investment Management Inc.

Prudent Man Investment Management Inc. acquired a new position in BlackRock, Inc. (NYSE:BLK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 42 shares of the asset manager’s stock, valued at approximately $43,000.

Other large investors also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in BlackRock during the third quarter worth about $26,000. IAG Wealth Partners LLC purchased a new position in BlackRock in the 4th quarter worth approximately $26,000. Collier Financial purchased a new stake in shares of BlackRock in the fourth quarter valued at approximately $32,000. Compass Planning Associates Inc acquired a new stake in shares of BlackRock in the fourth quarter valued at approximately $33,000. Finally, Atwood & Palmer Inc. purchased a new position in BlackRock during the fourth quarter worth approximately $36,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BLK. Wells Fargo & Company lifted their price target on BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. StockNews.com initiated coverage on shares of BlackRock in a research report on Saturday. They set a “hold” rating on the stock. Morgan Stanley lifted their price target on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, UBS Group raised their price target on BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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 J. Richard Kushel sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was 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. This represents a 12.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 20,430 shares of company stock worth $21,234,629 over the last 90 days. Corporate insiders own 0.90% of the company’s stock.

BlackRock Stock Down 2.1 %

Shares of NYSE BLK opened at $947.48 on Monday. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22. The company has a market capitalization of $147.10 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The business has a 50-day moving average of $978.66 and a two-hundred day moving average of $992.24.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the company posted $9.66 earnings per share. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, analysts forecast 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 was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a dividend of $5.21 per share. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a yield of 2.20%. The ex-dividend date was Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is currently 49.62%.

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.