Bank of New Hampshire Buys New Shares in BlackRock, Inc. (NYSE:BLK)

Bank of New Hampshire purchased a new stake in BlackRock, Inc. (NYSE:BLK - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 464 shares of the asset manager's stock, valued at approximately $439,000.

Several other hedge funds have also made changes to their positions in the company. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of BlackRock by 0.8% in 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 in the last quarter. Legacy Capital Group California Inc. boosted its stake in shares of BlackRock by 2.8% in 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 in the last quarter. Mascoma Wealth Management LLC boosted its stake in shares of BlackRock by 9.5% in the 4th quarter. Mascoma Wealth Management LLC now owns 127 shares of the asset manager's stock valued at $130,000 after purchasing an additional 11 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of BlackRock by 2.1% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 534 shares of the asset manager's stock valued at $542,000 after purchasing an additional 11 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of BlackRock by 4.5% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 257 shares of the asset manager's stock valued at $263,000 after purchasing an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BLK. Wells Fargo & Company raised their price target on shares of BlackRock from $1,035.00 to $1,105.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. UBS Group cut their target price on shares of BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Citigroup cut 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 report on Monday, April 14th. Barclays lifted 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. Finally, JPMorgan Chase & Co. cut their target price on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, BlackRock presently has an average rating of "Moderate Buy" and a consensus price target of $1,082.46.

BlackRock Stock Up 0.5%

Shares of NYSE BLK opened at $990.26 on Monday. The company has a market capitalization of $153.42 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a 52-week low of $752.30 and a 52-week high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The company's 50 day moving average price is $925.28 and its 200-day moving average price is $972.77.

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

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be paid a $5.21 dividend. The ex-dividend date is Thursday, June 5th. This represents a $20.84 annualized dividend and a dividend yield of 2.10%. BlackRock's dividend payout ratio is currently 50.63%.

Insider Activity

In other news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction 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 completion of the sale, the director now 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 legal filing with the SEC, which is available through this link. 1.98% of the stock is currently owned by company insiders.

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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