259 Shares in BlackRock, Inc. (NYSE:BLK) Purchased by Missouri Trust & Investment Co

Missouri Trust & Investment Co acquired a new stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 259 shares of the asset manager's stock, valued at approximately $245,000.

A number of other large investors also recently bought and sold shares of BLK. Vanguard Group Inc. lifted its stake in BlackRock by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 13,376,606 shares of the asset manager's stock worth $13,712,493,000 after purchasing an additional 68,405 shares during the last quarter. Capital World Investors lifted its position in shares of BlackRock by 2.3% in the 4th quarter. Capital World Investors now owns 4,097,524 shares of the asset manager's stock worth $4,200,450,000 after buying an additional 93,844 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of BlackRock by 104,598.9% in the 1st quarter. GAMMA Investing LLC now owns 3,500,083 shares of the asset manager's stock valued at $3,312,759,000 after buying an additional 3,496,740 shares during the period. Geode Capital Management LLC grew its position in shares of BlackRock by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 3,006,765 shares of the asset manager's stock valued at $3,072,787,000 after buying an additional 190,188 shares during the last quarter. Finally, FMR LLC raised its stake in BlackRock by 1.1% during the fourth quarter. FMR LLC now owns 2,390,450 shares of the asset manager's stock worth $2,450,475,000 after acquiring an additional 26,485 shares during the period. Institutional investors own 80.69% of the company's stock.

Wall Street Analysts Forecast Growth

BLK has been the subject of several recent research reports. UBS Group lowered their target price on BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. lowered their price objective on BlackRock from $1,046.00 to $988.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company raised their target price on BlackRock from $1,035.00 to $1,105.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Citigroup lowered their price target on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, TD Cowen cut their price objective on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,082.46.

Insider Buying and Selling at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $912.50, for a total value of $9,125,000.00. Following 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 Securities & Exchange Commission, which is available through this link. 1.98% of the stock is owned by corporate insiders.

BlackRock Trading Down 1.7%

BlackRock stock opened at $971.24 on Friday. BlackRock, Inc. has a 12-month low of $766.05 and a 12-month high of $1,084.22. 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 capitalization of $150.47 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. The firm has a 50 day simple moving average of $937.84 and a 200-day simple moving average of $971.71.

BlackRock (NYSE:BLK - Get Free Report) last issued 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 company had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.47 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm's revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the firm earned $9.81 EPS. As a group, equities research analysts expect that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th will be issued a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock's payout ratio is 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.

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