2,295 Shares in BlackRock (NYSE:BLK) Acquired by Rogco LP

Rogco LP bought a new stake in BlackRock (NYSE:BLK - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,295 shares of the asset manager's stock, valued at approximately $2,172,000. BlackRock accounts for about 0.9% of Rogco LP's portfolio, making the stock its 19th largest holding.

Other hedge funds have also made changes to their positions in the company. Polar Capital Holdings Plc purchased a new stake in BlackRock during the 4th quarter worth $15,307,000. Community Financial Services Group LLC increased its stake in BlackRock by 17.2% during the 1st quarter. Community Financial Services Group LLC now owns 5,702 shares of the asset manager's stock worth $5,397,000 after buying an additional 836 shares during the period. Kennedy Investment Group purchased a new stake in BlackRock during the 1st quarter worth $568,000. 3Chopt Investment Partners LLC purchased a new stake in BlackRock during the 1st quarter worth $578,000. Finally, State of Alaska Department of Revenue increased its position in shares of BlackRock by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 17,057 shares of the asset manager's stock worth $16,144,000 after purchasing an additional 457 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company's stock.

BlackRock Stock Performance

BlackRock stock traded down $2.22 during midday trading on Friday, reaching $1,101.84. 270,517 shares of the stock traded hands, compared to its average volume of 692,446. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $993.20 and a two-hundred day moving average price of $971.28. The firm has a market cap of $170.70 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 3.25 and a beta of 1.41. BlackRock has a fifty-two week low of $773.74 and a fifty-two week high of $1,105.72.

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 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 company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same period in the previous year, the firm earned $9.81 EPS. BlackRock's revenue was up 11.6% on a year-over-year basis. On average, equities research analysts forecast that BlackRock will post 47.41 earnings per share for the current year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 23rd. Shareholders of record on Thursday, June 5th were given a dividend of $5.21 per share. The ex-dividend date of this dividend was Thursday, June 5th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.89%. BlackRock's dividend payout ratio (DPR) is 50.63%.

Insider Activity at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the business's stock in a transaction dated 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 sale, the director directly owned 66,034 shares in the company, valued at approximately $60,256,025. The trade was a 13.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.98% of the company's stock.

Wall Street Analysts Forecast Growth

BLK has been the subject of several research analyst reports. UBS Group reissued a "neutral" rating and issued a $980.00 target price on shares of BlackRock in a research report on Tuesday. The Goldman Sachs Group reissued a "buy" rating and issued a $1,115.00 target price on shares of BlackRock in a research report on Tuesday. Morgan Stanley reissued an "overweight" rating and issued a $1,164.00 target price on shares of BlackRock in a research report on Tuesday. Argus reissued a "buy" rating on shares of BlackRock in a research report on Tuesday. Finally, Barclays boosted their target price on shares of BlackRock from $990.00 to $1,220.00 and gave the stock an "overweight" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,132.29.

BlackRock 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.