BlackRock, Inc. (NYSE:BLK) Director J. Richard Kushel Sells 2,000 Shares

BlackRock, Inc. (NYSE:BLK - Get Free Report) Director J. Richard Kushel sold 2,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $852.01, for a total value of $1,704,020.00. Following the sale, the director now directly owns 66,034 shares in the company, valued at $56,261,628.34. This trade represents a 2.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

J. Richard Kushel also recently made the following trade(s):

• On Friday, February 28th, J. Richard Kushel sold 430 shares of BlackRock stock. The stock was sold at an average price of $949.37, for a total transaction of $408,229.10.
• On Thursday, January 30th, J. Richard Kushel sold 10,000 shares of BlackRock stock. The shares were sold at an average price of $1,072.64, for a total value of $10,726,400.00.

BlackRock Stock Down 0.9 %

BLK stock traded down $7.98 during trading on Friday, reaching $908.28. The stock had a trading volume of 444,438 shares, compared to its average volume of 685,214. The firm has a fifty day moving average price of $922.02 and a 200 day moving average price of $983.87. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $141.01 billion, a P/E ratio of 21.63, a PEG ratio of 1.90 and a beta of 1.38. BlackRock, Inc. has a 1-year low of $748.78 and a 1-year high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, beating analysts' consensus estimates of $10.84 by $0.46. The firm had revenue of $5.28 billion during the quarter, compared to the consensus estimate 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 prior year, the business posted $9.81 earnings per share. On average, equities analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were given a $5.21 dividend. This is a positive change from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date was Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.29%. BlackRock's dividend payout ratio (DPR) is presently 50.63%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays raised their target price on shares of BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. Morgan Stanley dropped their target price on BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Deutsche Bank Aktiengesellschaft raised their price target on BlackRock from $1,215.00 to $1,275.00 and gave the stock a "buy" rating in a research note on Thursday, January 16th. Bank of America cut their price objective on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, BlackRock presently has a consensus rating of "Moderate Buy" and an average price target of $1,077.08.

Hedge Funds Weigh In On BlackRock

Large investors have recently added to or reduced their stakes in the company. IAG Wealth Partners LLC bought a new stake in shares of BlackRock during the 4th quarter valued at about $26,000. Investment Management Corp VA ADV acquired a new stake in shares of BlackRock in the 4th quarter worth about $30,000. MorganRosel Wealth Management LLC bought a new stake in BlackRock in the 1st quarter valued at about $31,000. Collier Financial bought a new position in BlackRock in the 4th quarter worth about $32,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of BlackRock in the fourth quarter valued at approximately $33,000. 80.69% of the stock is currently owned by institutional investors.

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.