Continuum Advisory LLC Purchases Shares of 655 BlackRock, Inc. (NYSE:BLK)

Continuum Advisory LLC acquired a new position in BlackRock, Inc. (NYSE:BLK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 655 shares of the asset manager's stock, valued at approximately $671,000.

A number of other large investors have also recently made changes to their positions in the stock. IAG Wealth Partners LLC purchased a new position in BlackRock during the fourth quarter valued at approximately $26,000. Collier Financial bought a new stake in shares of BlackRock during the 4th quarter valued at $32,000. Compass Planning Associates Inc purchased a new position in shares of BlackRock during the 4th quarter valued at $33,000. Synergy Investment Management LLC bought a new position in BlackRock in the 4th quarter worth $40,000. Finally, Curio Wealth LLC purchased a new stake in BlackRock in the 4th quarter worth $41,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Stock Performance

Shares of NYSE:BLK opened at $972.33 on Thursday. The firm has a fifty day simple moving average of $920.55 and a two-hundred day simple moving average of $978.19. BlackRock, Inc. has a 52 week low of $752.30 and a 52 week high of $1,084.22. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $150.64 billion, a P/E ratio of 23.15, a PEG ratio of 1.90 and a beta of 1.41.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly 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. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.47 billion. During the same quarter last year, the business posted $9.81 earnings per share. The firm's revenue was up 11.6% on a year-over-year basis. On average, analysts expect that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th will be paid a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock's payout ratio is 50.63%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BLK shares. Wells Fargo & Company lowered their price objective on BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. UBS Group lowered their price target on BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their price target on BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. StockNews.com started coverage on shares of BlackRock in a research report on Friday, May 16th. They set a "hold" rating on the stock. Finally, TD Cowen dropped their target price on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,077.08.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 2,000 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $852.01, for a total value of $1,704,020.00. Following the completion of the sale, the director now owns 66,034 shares in the company, valued at approximately $56,261,628.34. This trade represents a 2.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 12,430 shares of company stock worth $11,237,249 over the last quarter. Insiders own 1.98% of the company's stock.

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.

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