308 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by RB Capital Management LLC

RB Capital Management LLC bought a new position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 308 shares of the asset manager's stock, valued at approximately $316,000.

A number of other hedge funds have also recently bought and sold shares of BLK. Princeton Global Asset Management LLC boosted its holdings in shares of BlackRock by 8.7% during the fourth quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager's stock valued at $128,000 after acquiring an additional 10 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in BlackRock by 0.8% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager's stock valued at $1,311,000 after purchasing an additional 10 shares during the period. Legacy Capital Group California Inc. boosted its stake in BlackRock by 2.8% during the 4th quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager's stock valued at $377,000 after purchasing an additional 10 shares during the period. Marino Stram & Associates LLC boosted its stake in BlackRock by 0.3% during the 4th quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager's stock valued at $3,496,000 after purchasing an additional 11 shares during the period. Finally, Mascoma Wealth Management LLC boosted its position in shares of BlackRock by 9.5% during the fourth quarter. Mascoma Wealth Management LLC now owns 127 shares of the asset manager's stock worth $130,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 80.69% of the company's stock.

BlackRock Stock Down 2.5%

BLK stock opened at $972.33 on Thursday. BlackRock, Inc. has a 12 month low of $752.30 and a 12 month high of $1,084.22. The firm has a market cap of $150.64 billion, a PE ratio of 23.15, a P/E/G ratio of 1.90 and a beta of 1.41. The firm has a 50 day simple moving average of $920.55 and a 200 day simple moving average of $978.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23.

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

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Thursday, June 5th will be paid a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock's dividend payout ratio is presently 50.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com assumed coverage on BlackRock in a research report on Friday, May 16th. They set a "hold" rating for the company. 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. Citigroup reduced their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a report on Monday, April 14th. Morgan Stanley reduced their price objective on shares of BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, Barclays upped their price objective on shares of BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the 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.

Insiders Place Their Bets

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 sale, the director now owns 66,034 shares in the company, valued at approximately $60,256,025. The trade was a 13.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders have sold 12,430 shares of company stock worth $11,237,249. Company insiders own 1.98% of the company's stock.

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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