ST Germain D J Co. Inc. Increases Holdings in BlackRock, Inc. (NYSE:BLK)

ST Germain D J Co. Inc. increased its position in BlackRock, Inc. (NYSE:BLK - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,337 shares of the asset manager's stock after acquiring an additional 799 shares during the period. ST Germain D J Co. Inc.'s holdings in BlackRock were worth $21,142,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BLK. Brighton Jones LLC boosted its position in shares of BlackRock by 23.1% in the fourth quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager's stock worth $1,615,000 after purchasing an additional 296 shares during the period. Clear Creek Financial Management LLC increased its stake in BlackRock by 42.8% in the 4th quarter. Clear Creek Financial Management LLC now owns 444 shares of the asset manager's stock worth $455,000 after buying an additional 133 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in BlackRock by 10.0% during the fourth quarter. Chicago Partners Investment Group LLC now owns 780 shares of the asset manager's stock valued at $770,000 after acquiring an additional 71 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in BlackRock by 3.9% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 4,145 shares of the asset manager's stock valued at $4,249,000 after acquiring an additional 156 shares during the period. Finally, DAVENPORT & Co LLC raised its holdings in BlackRock by 1.0% during the fourth quarter. DAVENPORT & Co LLC now owns 6,751 shares of the asset manager's stock valued at $6,920,000 after acquiring an additional 65 shares during the period. Institutional investors own 80.69% of the company's stock.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was 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 in the company, valued at $56,261,628.34. The trade was a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.98% of the company's stock.

Analyst Upgrades and Downgrades

BLK has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on BlackRock from $1,035.00 to $1,105.00 and gave the company an "overweight" rating in a report on Wednesday. Wall Street Zen raised shares of BlackRock to a "hold" rating in a research note on Saturday, May 24th. Morgan Stanley dropped 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. Barclays boosted their target price on BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. Finally, Bank of America reduced their price objective on BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,082.46.

BlackRock Trading Up 0.7%

NYSE BLK traded up $6.75 during trading hours on Wednesday, hitting $988.88. 491,676 shares of the company were exchanged, compared to its average volume of 688,771. The stock has a 50-day moving average price of $922.81 and a 200 day moving average price of $974.15. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a 52 week low of $752.30 and a 52 week high of $1,084.22. The stock has a market cap of $153.20 billion, a PE ratio of 23.54, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, topping the consensus estimate of $10.84 by $0.46. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same period in the previous year, the firm posted $9.81 earnings per share. The firm's revenue for the quarter was up 11.6% on a year-over-year basis. 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. Shareholders of record on Thursday, June 5th will be given a dividend of $5.21 per share. The ex-dividend date is Thursday, June 5th. This represents a $20.84 annualized dividend and a dividend yield of 2.11%. BlackRock's dividend payout ratio (DPR) is presently 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.