Bryn Mawr Capital Management LLC Has $10.19 Million Stake in BlackRock (NYSE:BLK)

Bryn Mawr Capital Management LLC increased its stake in shares of BlackRock (NYSE:BLK - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,765 shares of the asset manager's stock after purchasing an additional 272 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in BlackRock were worth $10,188,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BLK. GAMMA Investing LLC increased its position in BlackRock by 104,598.9% in the 1st quarter. GAMMA Investing LLC now owns 3,500,083 shares of the asset manager's stock worth $3,312,759,000 after purchasing an additional 3,496,740 shares during the last quarter. Norges Bank acquired a new position in shares of BlackRock during the 4th quarter worth $2,356,357,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of BlackRock by 401.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,095,241 shares of the asset manager's stock valued at $1,122,743,000 after purchasing an additional 876,836 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in BlackRock in the fourth quarter worth $572,730,000. Finally, Ameriprise Financial Inc. increased its position in BlackRock by 18.6% during the fourth quarter. Ameriprise Financial Inc. now owns 2,100,163 shares of the asset manager's stock worth $2,152,907,000 after buying an additional 329,244 shares during the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Trading Up 3.5%

Shares of NYSE:BLK traded up $36.28 during trading on Wednesday, hitting $1,082.44. 1,407,097 shares of the company's stock were exchanged, compared to its average volume of 700,519. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.38. The firm has a market cap of $167.70 billion, a P/E ratio of 26.17, a PEG ratio of 2.12 and a beta of 1.41. The firm has a 50-day moving average price of $1,006.37 and a two-hundred day moving average price of $972.22. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,112.13.

BlackRock (NYSE:BLK - Get Free Report) last released its earnings results on Tuesday, July 15th. The asset manager reported $12.05 EPS for the quarter, topping analysts' consensus estimates of $10.41 by $1.64. The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.40 billion. BlackRock had a net margin of 29.68% and a return on equity of 15.83%. The business's quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.36 EPS. Equities analysts predict that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Thursday, June 5th were paid a dividend of $5.21 per share. The ex-dividend date was Thursday, June 5th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.93%. BlackRock's dividend payout ratio (DPR) is presently 50.63%.

Analysts Set New Price Targets

Several research firms recently issued reports on BLK. Barclays upped their price objective on shares of BlackRock from $990.00 to $1,220.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Keefe, Bruyette & Woods decreased their price target on shares of BlackRock from $1,247.00 to $1,224.00 and set an "outperform" rating for the company in a report on Wednesday. UBS Group reaffirmed a "neutral" rating and issued a $980.00 price target on shares of BlackRock in a research report on Tuesday, July 8th. Wall Street Zen upgraded BlackRock to a "hold" rating in a research note on Saturday, May 24th. Finally, Morgan Stanley decreased their target price on BlackRock from $1,247.00 to $1,224.00 and set an "overweight" rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, BlackRock presently has an average rating of "Moderate Buy" and an average price target of $1,151.21.

Insider Buying and Selling

In other news, Director J. Richard Kushel sold 10,000 shares of the company's stock in a transaction dated 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 directly owned 66,034 shares of the company's stock, valued at $60,256,025. This represents a 13.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.98% of the company's stock.

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.