BlackRock, Inc. (NYSE:BLK) Shares Bought by Rothschild Capital Partners LLC

Rothschild Capital Partners LLC raised its stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 29.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,259 shares of the asset manager's stock after acquiring an additional 1,207 shares during the period. BlackRock makes up approximately 1.3% of Rothschild Capital Partners LLC's holdings, making the stock its 22nd biggest position. Rothschild Capital Partners LLC's holdings in BlackRock were worth $5,391,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. IAG Wealth Partners LLC bought a new position in BlackRock in the 4th quarter worth $26,000. Collier Financial purchased a new position in shares of BlackRock during the fourth quarter valued at about $32,000. Compass Planning Associates Inc bought a new stake in BlackRock in the 4th quarter worth approximately $33,000. Atwood & Palmer Inc. bought a new stake in BlackRock in the fourth quarter worth $36,000. Finally, West Financial Advisors LLC bought a new stake in BlackRock during the fourth quarter worth approximately $39,000. 80.69% of the stock is currently owned by institutional investors.

Insider Activity at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the completion of the sale, the director now owns 68,433 shares of the company's stock, valued at $73,403,973.12. This represents a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 22,430 shares of company stock valued at $21,963,649. 1.98% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barclays boosted their price objective on shares of BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a research report on Monday, April 14th. Morgan Stanley reduced their target price on BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. JPMorgan Chase & Co. cut their price target on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Citigroup dropped their target price on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Finally, TD Cowen lowered their price target on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,077.08.

BlackRock Stock Up 0.3 %

NYSE BLK traded up $2.32 on Tuesday, hitting $916.06. The stock had a trading volume of 130,709 shares, compared to its average volume of 683,028. BlackRock, Inc. has a 52-week low of $748.78 and a 52-week high of $1,084.22. The business's fifty day moving average price is $920.58 and its 200 day moving average price is $983.34. 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 stock has a market cap of $142.22 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, beating analysts' consensus estimates of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.47 billion. During the same period in the previous year, the company earned $9.81 earnings per share. The business's quarterly revenue was up 11.6% compared to the same quarter last year. Equities research analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Friday, March 7th were paid a dividend of $5.21 per share. The ex-dividend date was Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.27%. This is a boost from BlackRock's previous quarterly dividend of $5.10. BlackRock's payout ratio is currently 50.63%.

About BlackRock

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.