Heritage Investors Management Corp Has $37.30 Million Stock Holdings in BlackRock (NYSE:BLK)

Heritage Investors Management Corp raised its stake in shares of BlackRock (NYSE:BLK - Free Report) by 4.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 39,406 shares of the asset manager's stock after acquiring an additional 1,844 shares during the quarter. BlackRock makes up 1.3% of Heritage Investors Management Corp's portfolio, making the stock its 20th largest holding. Heritage Investors Management Corp's holdings in BlackRock were worth $37,297,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Hazlett Burt & Watson Inc. raised its position in BlackRock by 2.1% during the fourth 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. Annis Gardner Whiting Capital Advisors LLC increased 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 during the last quarter. Detalus Advisors LLC raised its holdings in shares of BlackRock by 2.8% during the 1st quarter. Detalus Advisors LLC now owns 409 shares of the asset manager's stock worth $387,000 after buying an additional 11 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position in shares of BlackRock by 3.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 399 shares of the asset manager's stock worth $409,000 after buying an additional 12 shares during the last quarter. Finally, Jump Financial LLC boosted its stake in BlackRock by 1.6% in the fourth quarter. Jump Financial LLC now owns 786 shares of the asset manager's stock valued at $806,000 after buying an additional 12 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BlackRock

In other BlackRock 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 directly owned 66,034 shares of the company's stock, valued at approximately $60,256,025. The trade was a 13.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.98% of the stock is owned by corporate insiders.

BlackRock Trading Down 0.1%

Shares of NYSE BLK traded down $1.17 during midday trading on Friday, reaching $1,104.21. The stock had a trading volume of 991,217 shares, compared to its average volume of 702,213. The company's 50 day moving average price is $1,013.56 and its 200 day moving average price is $972.96. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.34 and a current ratio of 4.34. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,119.19. The firm has a market cap of $171.08 billion, a price-to-earnings ratio of 26.70, a price-to-earnings-growth ratio of 2.23 and a beta of 1.41.

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

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th were given a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, June 5th. BlackRock's dividend payout ratio (DPR) is 50.39%.

Analyst Upgrades and Downgrades

Several brokerages have commented on BLK. Wells Fargo & Company lowered their target price on BlackRock from $1,180.00 to $1,170.00 and set an "overweight" rating for the company in a research note on Wednesday. Bank of America upped their price objective on shares of BlackRock from $1,214.00 to $1,224.00 and gave the stock a "buy" rating in a research report on Wednesday. Barclays raised their target price on shares of BlackRock from $990.00 to $1,220.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Morgan Stanley dropped their price target on BlackRock from $1,247.00 to $1,224.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, TD Cowen reduced their price objective on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating on the stock in a research report 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,151.21.

About BlackRock

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.