BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $29.08 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 14.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,365 shares of the asset manager's stock after buying an additional 3,572 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in BlackRock were worth $29,077,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of BLK. Vanguard Group Inc. grew its holdings in BlackRock by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 13,376,606 shares of the asset manager's stock valued at $13,712,493,000 after buying an additional 68,405 shares in the last quarter. Capital World Investors boosted its position in shares of BlackRock by 2.3% in the fourth quarter. Capital World Investors now owns 4,097,524 shares of the asset manager's stock valued at $4,200,450,000 after acquiring an additional 93,844 shares during the period. Geode Capital Management LLC grew its stake in shares of BlackRock by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 3,006,765 shares of the asset manager's stock valued at $3,072,787,000 after acquiring an additional 190,188 shares in the last quarter. FMR LLC increased its position in BlackRock by 1.1% during the fourth quarter. FMR LLC now owns 2,390,450 shares of the asset manager's stock worth $2,450,475,000 after acquiring an additional 26,485 shares during the period. Finally, Norges Bank acquired a new stake in BlackRock in the 4th quarter worth about $2,356,357,000. Institutional investors and hedge funds own 80.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BLK shares. Bank of America decreased their target price on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Wall Street Zen upgraded BlackRock to a "hold" rating in a research note on Saturday. Wells Fargo & Company dropped their price objective on BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating for the company in a report on Monday, April 14th. TD Cowen reduced their target price on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their price target on BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,077.08.

Insider Activity at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 2,000 shares of the business's stock in a transaction 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 sale, the director now owns 66,034 shares of the company's stock, valued at approximately $56,261,628.34. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 12,430 shares of company stock valued at $11,237,249 in the last quarter. Insiders own 1.98% of the company's stock.

BlackRock Price Performance

Shares of BlackRock stock traded up $13.40 during trading on Tuesday, reaching $976.58. 137,913 shares of the company's stock were exchanged, compared to its average volume of 691,735. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. BlackRock, Inc. has a 1-year low of $752.30 and a 1-year high of $1,084.22. The company has a market cap of $151.30 billion, a P/E ratio of 23.26, a PEG ratio of 1.90 and a beta of 1.41. The firm's 50-day moving average price is $921.10 and its 200 day moving average price is $976.41.

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

BlackRock Announces Dividend

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

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.