215 Shares in BlackRock, Inc. (NYSE:BLK) Bought by Kelly Financial Services LLC

Kelly Financial Services LLC acquired a new stake in shares of BlackRock, Inc. (NYSE:BLK) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 215 shares of the asset manager’s stock, valued at approximately $203,000.

A number of other institutional investors have also made changes to their positions in the stock. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of BlackRock by 0.8% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager’s stock worth $1,311,000 after acquiring an additional 10 shares in the last quarter. Legacy Capital Group California Inc. boosted its stake in shares of BlackRock by 2.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock worth $377,000 after buying an additional 10 shares during the last quarter. Mascoma Wealth Management LLC grew its holdings in shares of BlackRock by 9.5% in the fourth quarter. Mascoma Wealth Management LLC now owns 127 shares of the asset manager’s stock valued at $130,000 after acquiring an additional 11 shares in the last quarter. Hazlett Burt & Watson Inc. grew its stake in BlackRock by 2.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 534 shares of the asset manager’s stock valued at $542,000 after purchasing an additional 11 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in shares of BlackRock by 4.5% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 257 shares of the asset manager’s stock valued at $263,000 after purchasing an additional 11 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

Insider Activity at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $912.50, for a total transaction of $9,125,000.00. Following the completion of the sale, the director now directly owns 66,034 shares in the company, valued at $60,256,025. The trade was a 13.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.98% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of BlackRock from $1,035.00 to $1,105.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Morgan Stanley decreased their price objective on BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating for the company in a report on Monday, April 7th. Citigroup dropped their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Wall Street Zen raised shares of BlackRock to a “hold” rating in a research report on Saturday, May 24th. Finally, Bank of America dropped their target price on BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $1,082.46.

BlackRock Stock Performance

Shares of BlackRock stock opened at $993.30 on Thursday. The stock has a market cap of $153.89 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.90 and a beta of 1.41. 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 firm’s 50-day moving average is $931.30 and its 200 day moving average is $972.72. BlackRock, Inc. has a 1 year low of $758.20 and a 1 year high of $1,084.22.

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

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be paid a $5.21 dividend. The ex-dividend date is Thursday, June 5th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.10%. 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.