BlackRock (NYSE:BLK) Shares Purchased by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC grew its position in shares of BlackRock (NYSE:BLK - Free Report) by 5.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,653 shares of the asset manager's stock after purchasing an additional 256 shares during the period. Trifecta Capital Advisors LLC's holdings in BlackRock were worth $4,404,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in BlackRock by 23.1% in the 4th quarter. Brighton Jones LLC now owns 1,575 shares of the asset manager's stock valued at $1,615,000 after buying an additional 296 shares during the period. Empower Advisory Group LLC grew its holdings in shares of BlackRock by 16.3% during the fourth quarter. Empower Advisory Group LLC now owns 856 shares of the asset manager's stock worth $877,000 after purchasing an additional 120 shares during the last quarter. D.A. Davidson & CO. grew its stake in BlackRock by 29.4% during the 4th quarter. D.A. Davidson & CO. now owns 11,137 shares of the asset manager's stock worth $11,417,000 after buying an additional 2,528 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its holdings in shares of BlackRock by 1.8% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 1,176 shares of the asset manager's stock valued at $1,206,000 after acquiring an additional 21 shares during the period. Finally, Atria Wealth Solutions Inc. increased its stake in BlackRock by 903.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 8,997 shares of the asset manager's stock valued at $9,223,000 after purchasing an additional 8,100 shares during the period. Institutional investors and hedge funds own 80.69% of the company's stock.

Insiders Place Their Bets

In other 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 directly owns 66,034 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. 1.98% of the stock is owned by corporate insiders.

BlackRock Trading Up 0.9%

NYSE:BLK opened at $977.88 on Thursday. The stock has a market cap of $151.50 billion, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.94 and a beta of 1.41. The business's 50-day simple moving average is $944.22 and its 200 day simple moving average is $971.11. 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 one year low of $773.74 and a one year high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, topping 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 return on equity of 15.57% and a net margin of 30.09%. The business's revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $9.81 EPS. As a group, sell-side analysts predict that BlackRock will post 47.41 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders 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 2.13%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock's payout ratio is 50.63%.

Analyst Ratings Changes

BLK has been the subject of several analyst reports. UBS Group cut their price target on BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Morgan Stanley decreased their price target on BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Bank of America lowered their price objective on shares of 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. 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. Finally, Argus lifted their target price on shares of BlackRock from $1,028.00 to $1,090.00 and gave the stock a "buy" rating in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, BlackRock currently has an average rating of "Moderate Buy" and an average target price of $1,096.31.

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.

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.