623 Shares in BlackRock, Inc. (NYSE:BLK) Bought by Burling Wealth Partners LLC

Burling Wealth Partners LLC acquired a new stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 623 shares of the asset manager's stock, valued at approximately $639,000.

A number of other large investors have also added to or reduced their stakes in BLK. IAG Wealth Partners LLC purchased a new position in BlackRock during the fourth quarter valued at $26,000. Collier Financial purchased a new position in shares of BlackRock in the fourth quarter worth $32,000. Compass Planning Associates Inc purchased a new position in shares of BlackRock in the fourth quarter worth $33,000. Atwood & Palmer Inc. purchased a new position in shares of BlackRock in the fourth quarter worth $36,000. Finally, West Financial Advisors LLC purchased a new position in shares of BlackRock in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 430 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $949.37, for a total transaction of $408,229.10. Following the completion of the transaction, the director now owns 3,720 shares of the company's stock, valued at $3,531,656.40. This represents a 10.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 22,430 shares of company stock valued at $21,963,649 in the last three months. 1.98% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

BLK has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their price target on BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Barclays boosted their price target on BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on BlackRock from $1,046.00 to $988.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. StockNews.com began coverage on BlackRock in a research report on Tuesday, April 22nd. They set a "hold" rating for the company. Finally, UBS Group reduced their price objective on BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,077.08.

BlackRock Stock Performance

NYSE:BLK traded up $1.82 during mid-day trading on Tuesday, hitting $915.56. 103,218 shares of the company traded hands, compared to its average volume of 682,918. The stock's fifty day moving average price is $920.58 and its 200-day moving average price is $983.34. BlackRock, Inc. has a one year low of $748.78 and a one year high of $1,084.22. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm has a market cap of $142.14 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. BlackRock's revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.81 earnings per share. Research analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were paid a $5.21 dividend. This represents a $20.84 annualized dividend and a yield of 2.28%. This is an increase from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date of this dividend was Friday, March 7th. 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.