Heck Capital Advisors LLC Buys New Position in BlackRock, Inc. (NYSE:BLK)

Heck Capital Advisors LLC acquired a new position in shares of 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 494 shares of the asset manager's stock, valued at approximately $506,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. purchased a new stake in BlackRock in the 4th quarter valued at $3,105,000. Armis Advisers LLC acquired a new stake in shares of BlackRock during the fourth quarter worth about $248,000. Hall Capital Management Co. Inc. purchased a new position in shares of BlackRock during the fourth quarter worth about $330,000. Cypress Asset Management Inc. TX acquired a new position in BlackRock in the 4th quarter valued at about $2,744,000. Finally, Ameriflex Group Inc. purchased a new stake in BlackRock during the 4th quarter valued at approximately $97,000. Institutional investors and hedge funds own 80.69% of the company's stock.

BlackRock Price Performance

BLK stock traded up $1.63 during trading on Friday, reaching $977.95. 1,060,902 shares of the company were exchanged, compared to its average volume of 694,448. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The stock's 50 day moving average price is $922.27 and its 200 day moving average price is $975.86. BlackRock, Inc. has a 52-week low of $752.30 and a 52-week high of $1,084.22. The company has a market cap of $151.51 billion, a P/E ratio of 23.28, a PEG ratio of 1.90 and a beta of 1.41.

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

BlackRock Announces Dividend

The company 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 $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Thursday, June 5th. BlackRock's dividend payout ratio is currently 50.63%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BLK shares. Bank of America lowered their target price on 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. Morgan Stanley lowered their price objective on shares of BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Citigroup cut their price objective on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a research report on Monday, April 14th. UBS Group reduced their target price on shares of 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. Finally, Wall Street Zen upgraded shares of BlackRock to a "hold" rating in a research note on Saturday, May 24th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,077.08.

Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $912.50, for a total transaction of $9,125,000.00. Following the completion of the transaction, the director now directly owns 66,034 shares of the company's stock, valued at $60,256,025. This trade represents a 13.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate 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.