Rowlandmiller & PARTNERS.ADV Takes Position in BlackRock, Inc. (NYSE:BLK)

Rowlandmiller & PARTNERS.ADV bought a new stake in BlackRock, Inc. (NYSE:BLK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 856 shares of the asset manager's stock, valued at approximately $810,000.

Several other large investors also recently modified their holdings of the business. IAG Wealth Partners LLC acquired a new stake in BlackRock during the 4th quarter worth approximately $26,000. Investment Management Corp VA ADV bought a new stake in BlackRock in the 4th quarter valued at $30,000. Collier Financial acquired a new position in BlackRock in the 4th quarter worth $32,000. Compass Planning Associates Inc bought a new position in BlackRock during the 4th quarter worth about $33,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of BlackRock in the 4th quarter valued at about $40,000. 80.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BLK. TD Cowen decreased their price objective on BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. decreased their price target on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. UBS Group cut their price objective on shares of BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Citigroup decreased 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 research report on Monday, April 14th. Finally, Wall Street Zen raised shares of BlackRock to a "hold" rating in a research report on Saturday, May 24th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,082.46.

BlackRock Stock Performance

BLK stock traded down $2.44 during trading hours on Thursday, hitting $990.86. 181,613 shares of the stock were exchanged, compared to its average volume of 687,487. The company has a 50-day simple moving average of $931.30 and a two-hundred day simple moving average of $972.72. The firm has a market capitalization of $153.51 billion, a P/E ratio of 23.59, a P/E/G ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a 12 month low of $758.20 and a 12 month high of $1,084.22. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45.

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 the consensus estimate of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter in the previous year, the company earned $9.81 EPS. The business's revenue was up 11.6% on a year-over-year basis. On average, analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Thursday, June 5th will be paid a $5.21 dividend. This represents a $20.84 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock's dividend payout ratio (DPR) is currently 50.63%.

Insiders Place Their Bets

In other news, Director J. Richard Kushel sold 10,000 shares of the business'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 value of $9,125,000.00. Following the completion of the transaction, the director now directly owns 66,034 shares in the company, valued at approximately $60,256,025. The trade was a 13.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.98% of the company's stock.

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.