Simon Quick Advisors LLC Has $799,000 Stock Position in BlackRock, Inc. (NYSE:BLK)

Simon Quick Advisors LLC boosted its stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 139.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 844 shares of the asset manager's stock after purchasing an additional 492 shares during the quarter. Simon Quick Advisors LLC's holdings in BlackRock were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in shares of BlackRock by 0.8% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager's stock worth $1,311,000 after acquiring an additional 10 shares during the period. Legacy Capital Group California Inc. lifted its position in BlackRock by 2.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager's stock worth $377,000 after purchasing an additional 10 shares during the period. Mascoma Wealth Management LLC raised its stake in shares of BlackRock by 9.5% in the 4th quarter. Mascoma Wealth Management LLC now owns 127 shares of the asset manager's stock valued at $130,000 after buying an additional 11 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of BlackRock by 2.1% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 534 shares of the asset manager's stock valued at $542,000 after acquiring an additional 11 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in BlackRock by 4.5% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 257 shares of the asset manager's stock worth $263,000 after purchasing an additional 11 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Trading Down 1.7%

Shares of BLK stock traded down $17.01 on Friday, reaching $971.24. The company had a trading volume of 674,277 shares, compared to its average volume of 689,208. The company has a 50-day moving average of $934.71 and a 200-day moving average of $972.41. BlackRock, Inc. has a 12 month low of $759.99 and a 12 month high of $1,084.22. The stock has a market cap of $150.47 billion, a PE ratio of 23.12, a PEG ratio of 1.90 and a beta of 1.41. 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 posted its earnings results 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. The company had revenue of $5.28 billion for the quarter, compared to analyst estimates of $5.47 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $9.81 earnings per share. On average, equities analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Investors of record on Thursday, June 5th will be issued a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock's payout ratio is 50.63%.

Wall Street Analysts Forecast Growth

BLK has been the subject of a number of recent research reports. Barclays increased their target price on BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their target price on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company lifted their price target 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. Wall Street Zen upgraded shares of BlackRock to a "hold" rating in a research report on Saturday, May 24th. Finally, UBS Group reduced their target price on BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,082.46.

Insider Transactions at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $912.50, for a total transaction of $9,125,000.00. Following the transaction, the director now directly owns 66,034 shares of the company's stock, valued at approximately $60,256,025. The trade was a 13.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.