BlackRock, Inc. (NYSE:BLK) Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC increased its stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 282.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,097 shares of the asset manager's stock after acquiring an additional 2,287 shares during the period. Focus Partners Advisor Solutions LLC's holdings in BlackRock were worth $3,176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of BLK. Diversify Wealth Management LLC acquired a new stake in BlackRock in the fourth quarter valued at approximately $259,000. Aspiriant LLC purchased a new position in BlackRock in the 4th quarter valued at about $405,000. Lmcg Investments LLC acquired a new stake in BlackRock in the 4th quarter worth about $692,000. Transform Wealth LLC purchased a new stake in BlackRock during the 4th quarter worth approximately $210,000. Finally, Atomi Financial Group Inc. lifted its position in shares of BlackRock by 16.9% in the fourth quarter. Atomi Financial Group Inc. now owns 1,862 shares of the asset manager's stock valued at $1,909,000 after acquiring an additional 269 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Trading Down 2.5%

Shares of BlackRock stock opened at $972.33 on Thursday. The stock has a 50 day moving average of $920.55 and a 200 day moving average of $978.19. 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 firm has a market capitalization of $150.64 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a fifty-two week low of $752.30 and a fifty-two week high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, topping analysts' consensus estimates of $10.84 by $0.46. The business had revenue of $5.28 billion during 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 company's revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $9.81 EPS. As a group, research analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Announces Dividend

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

Insider Buying and Selling at BlackRock

In related news, Director J. Richard Kushel sold 2,000 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the completion of the transaction, the director now owns 66,034 shares of the company's stock, valued at approximately $56,261,628.34. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 12,430 shares of company stock worth $11,237,249 over the last three months. Insiders own 1.98% of the company's stock.

Analyst Ratings Changes

BLK has been the subject of several recent research reports. Barclays increased their price objective on BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a research note on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Morgan Stanley lowered their price target on shares of BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. StockNews.com began coverage on shares of BlackRock in a research note on Friday, May 16th. They issued a "hold" rating on the stock. Finally, Bank of America dropped their price target on BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Three research 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 has a consensus rating of "Moderate Buy" and a consensus target price of $1,077.08.

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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