BlackRock, Inc. (NYSE:BLK) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 401.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,095,241 shares of the asset manager's stock after purchasing an additional 876,836 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.71% of BlackRock worth $1,122,743,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IAG Wealth Partners LLC bought a new position in shares of BlackRock during the 4th quarter valued at about $26,000. Collier Financial bought a new position in shares of BlackRock in the 4th quarter valued at about $32,000. Compass Planning Associates Inc bought a new position in shares of BlackRock in the 4th quarter valued at about $33,000. Atwood & Palmer Inc. bought a new position in shares of BlackRock in the 4th quarter valued at about $36,000. Finally, Synergy Investment Management LLC bought a new position in shares of BlackRock in the 4th quarter valued at about $40,000. Institutional investors own 80.69% of the company's stock.

Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction on 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 12,430 shares of company stock worth $11,237,249. Company insiders own 1.98% of the company's stock.

BlackRock Stock Down 0.6%

BLK traded down $5.34 during trading on Friday, hitting $964.56. The stock had a trading volume of 517,434 shares, compared to its average volume of 693,933. The company has a market capitalization of $149.43 billion, a PE ratio of 22.97, a PEG ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a twelve month low of $752.30 and a twelve month high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The stock has a 50 day simple moving average of $920.93 and a two-hundred day simple moving average of $977.34.

BlackRock (NYSE:BLK - Get Free Report) last announced 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 company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $5.47 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. BlackRock's revenue was up 11.6% compared to the same quarter last year. During the same period last year, the firm earned $9.81 earnings per share. On average, research analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be paid a dividend of $5.21 per share. The ex-dividend date is Thursday, June 5th. This represents a $20.84 annualized dividend and a dividend yield of 2.16%. BlackRock's payout ratio is currently 50.63%.

Analyst Ratings Changes

A number of research firms recently weighed in on BLK. Bank of America reduced their price objective on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. JPMorgan Chase & Co. reduced their price objective on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. TD Cowen reduced their price objective on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen raised shares of BlackRock to a "hold" rating in a research report on Saturday. Finally, Barclays increased their price objective on shares of BlackRock from $950.00 to $990.00 and gave the stock an "overweight" rating in a research report on Monday, April 14th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,077.08.

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.