1,077 Shares in BlackRock (NYSE:BLK) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of BlackRock (NYSE:BLK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,077 shares of the asset manager's stock, valued at approximately $1,019,000.

Other large investors have also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC purchased a new position in BlackRock during the fourth quarter worth about $26,000. Investment Management Corp VA ADV purchased a new position in BlackRock during the fourth quarter worth about $30,000. Synergy Investment Management LLC purchased a new position in BlackRock during the fourth quarter worth about $40,000. Curio Wealth LLC purchased a new position in BlackRock during the fourth quarter worth about $41,000. Finally, Cedar Wealth Management LLC purchased a new position in BlackRock during the fourth quarter worth about $43,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 2,000 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $56,261,628.34. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.98% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

BLK has been the subject of a number of research analyst reports. Citigroup dropped their target price on shares of BlackRock from $1,200.00 to $1,100.00 and set a "buy" rating for the company in a report on Monday, April 14th. 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 report on Wednesday, April 9th. Wall Street Zen raised shares of BlackRock to a "hold" rating in a report on Saturday, May 24th. Wells Fargo & Company increased their target price on shares of BlackRock from $1,035.00 to $1,105.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group increased their target price on shares of BlackRock from $994.00 to $1,115.00 and gave the company a "buy" rating in a report on Friday. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,102.08.

BlackRock Price Performance

Shares of BLK traded up $18.56 during mid-day trading on Friday, reaching $1,049.35. 799,881 shares of the company's stock were exchanged, compared to its average volume of 694,738. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 0.38. The company has a 50-day simple moving average of $962.39 and a two-hundred day simple moving average of $968.76. BlackRock has a 52-week low of $773.74 and a 52-week high of $1,084.22. The company has a market cap of $162.58 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 3.18 and a beta of 1.41.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, topping analysts' consensus estimates of $10.84 by $0.46. BlackRock had a net margin of 30.09% and a return on equity of 15.57%. The business had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.47 billion. During the same period last year, the company posted $9.81 EPS. The company's revenue was up 11.6% on a year-over-year basis. On average, sell-side analysts predict that BlackRock will post 47.41 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 23rd. Investors of record on Thursday, June 5th were given a dividend of $5.21 per share. The ex-dividend date was Thursday, June 5th. This represents a $20.84 dividend on an annualized basis and a yield of 1.99%. BlackRock's dividend payout ratio (DPR) is currently 50.63%.

BlackRock Company Profile

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.