BlackRock (NYSE:BLK) Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of BlackRock (NYSE:BLK - Free Report) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,855 shares of the asset manager's stock after buying an additional 3,535 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in BlackRock were worth $35,829,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BLK. IAG Wealth Partners LLC purchased a new position in shares of BlackRock in the 4th quarter valued at approximately $26,000. Investment Management Corp VA ADV purchased a new stake in shares of BlackRock during the fourth quarter worth approximately $30,000. Synergy Investment Management LLC acquired a new stake in shares of BlackRock during the fourth quarter worth $40,000. Curio Wealth LLC purchased a new position in BlackRock in the 4th quarter valued at $41,000. Finally, Cedar Wealth Management LLC acquired a new position in BlackRock in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 80.69% of the company's stock.

BlackRock Price Performance

BlackRock stock traded up $18.56 during trading hours on Friday, hitting $1,049.35. The stock had a trading volume of 799,881 shares, compared to its average volume of 694,738. BlackRock has a 1-year low of $773.74 and a 1-year high of $1,084.22. The stock has a market capitalization of $162.58 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 3.18 and a beta of 1.41. The stock's fifty day moving average is $962.39 and its two-hundred day moving average is $968.76. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.34 and a quick ratio of 4.34.

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

BlackRock Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BLK. Wall Street Zen raised shares of BlackRock to a "hold" rating in a report on Saturday, May 24th. Barclays raised their price objective on shares of BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a research report on Monday, April 14th. Morgan Stanley dropped their target price on 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. The Goldman Sachs Group increased their target price on BlackRock from $994.00 to $1,115.00 and gave the stock a "buy" rating in a research note on Friday. Finally, TD Cowen decreased their price target on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating on the stock in a research note 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.com, BlackRock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,102.08.

Insider Buying and Selling at BlackRock

In related news, Director J. Richard Kushel sold 2,000 shares of the business'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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.98% of the stock is owned by insiders.

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.