317 Shares in BlackRock (NYSE:BLK) Bought by Stonebrook Private Inc.

Stonebrook Private Inc. bought a new stake in BlackRock (NYSE:BLK - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 317 shares of the asset manager's stock, valued at approximately $300,000.

Several other large investors have also recently bought and sold shares of the company. Rogco LP bought a new position in BlackRock in the first quarter valued at about $2,172,000. First Interstate Bank bought a new position in BlackRock in the first quarter valued at about $602,000. Topsail Wealth Management LLC raised its position in BlackRock by 11.8% in the first quarter. Topsail Wealth Management LLC now owns 485 shares of the asset manager's stock valued at $459,000 after purchasing an additional 51 shares during the last quarter. LBP AM SA bought a new position in BlackRock in the first quarter valued at about $3,743,000. Finally, Axxcess Wealth Management LLC raised its position in BlackRock by 5.1% in the first quarter. Axxcess Wealth Management LLC now owns 2,723 shares of the asset manager's stock valued at $2,577,000 after purchasing an additional 131 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Trading Up 1.4%

NYSE BLK opened at $1,103.70 on Friday. The business has a 50 day simple moving average of $993.20 and a 200 day simple moving average of $971.28. BlackRock has a one year low of $773.74 and a one year high of $1,105.72. The stock has a market capitalization of $170.99 billion, a P/E ratio of 26.81, a P/E/G ratio of 3.25 and a beta of 1.41. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.34 and a quick ratio of 4.34.

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, topping the consensus estimate of $10.84 by $0.46. BlackRock had a return on equity of 15.57% and a net margin of 30.09%. The business had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter last year, the firm posted $9.81 earnings per share. The firm's revenue was up 11.6% on a year-over-year basis. Research analysts expect that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th were paid a $5.21 dividend. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $20.84 dividend on an annualized basis and a yield of 1.89%. BlackRock's dividend payout ratio (DPR) is presently 50.63%.

Insider Buying and Selling

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $912.50, for a total value of $9,125,000.00. Following the completion of the sale, the director owned 66,034 shares of the company's stock, valued at approximately $60,256,025. This trade represents a 13.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.98% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on BlackRock from $959.00 to $1,210.00 in a research note on Thursday. Barclays increased their price target on BlackRock from $990.00 to $1,220.00 and gave the company an "overweight" rating in a research note on Thursday. Argus reissued a "buy" rating on shares of BlackRock in a research note on Tuesday. Citigroup decreased their price target on BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Finally, TD Cowen decreased their price target on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, BlackRock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,132.29.

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.

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