Keybank National Association OH raised its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 8.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 97,879 shares of the asset manager’s stock after acquiring an additional 7,486 shares during the period. Keybank National Association OH’s holdings in BlackRock were worth $50,281,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of BLK. Gotham Asset Management LLC purchased a new stake in BlackRock during the second quarter valued at about $779,000. Verition Fund Management LLC purchased a new stake in shares of BlackRock during the second quarter worth about $407,000. Cetera Investment Advisers purchased a new stake in shares of BlackRock during the second quarter worth about $345,000. Intl Fcstone Inc. purchased a new stake in shares of BlackRock during the second quarter worth about $383,000. Finally, PGGM Investments purchased a new stake in shares of BlackRock during the third quarter worth about $54,175,000. Institutional investors and hedge funds own 83.15% of the company’s stock.

A number of research firms have recently weighed in on BLK. Citigroup lowered shares of BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 target price for the company. in a report on Thursday, January 25th. Wells Fargo & Co reiterated a “market perform” rating and set a $555.00 target price (up from $535.00) on shares of BlackRock in a report on Tuesday, January 16th. Argus reiterated a “buy” rating and set a $620.00 target price (up from $520.00) on shares of BlackRock in a report on Tuesday, January 16th. Jefferies Group increased their target price on shares of BlackRock to $565.00 and gave the stock a “hold” rating in a report on Monday, January 15th. Finally, Credit Suisse Group restated a “buy” rating and issued a $680.00 price objective on shares of BlackRock in a report on Friday, January 12th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $547.92.

BlackRock, Inc. (NYSE BLK) opened at $539.94 on Thursday. BlackRock, Inc. has a one year low of $368.00 and a one year high of $594.52. The firm has a market cap of $83,948.45, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 1.40 and a beta of 1.76. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.94 by $0.30. The company had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.33 billion. BlackRock had a net margin of 39.79% and a return on equity of 12.54%. The firm’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the firm earned $5.14 earnings per share. equities research analysts expect that BlackRock, Inc. will post 28.52 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be given a dividend of $2.88 per share. The ex-dividend date is Tuesday, March 6th. This represents a $11.52 annualized dividend and a dividend yield of 2.13%. This is an increase from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s dividend payout ratio (DPR) is 33.00%.

In other news, Director Deryck C. Maughan purchased 3,861 shares of BlackRock stock in a transaction that occurred on Wednesday, January 17th. The stock was bought at an average price of $573.44 per share, with a total value of $2,214,051.84. Following the completion of the transaction, the director now directly owns 12,265 shares of the company’s stock, valued at $7,033,241.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeff A. Smith sold 100 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $477.54, for a total transaction of $47,754.00. The disclosure for this sale can be found here. Insiders have sold 10,275 shares of company stock valued at $5,342,005 in the last three months. 1.86% of the stock is owned by insiders.

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BlackRock Profile

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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