UMB Bank n.a. Acquires New Position in BlackRock, Inc. (NYSE:BLK)

UMB Bank n.a. purchased a new stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,035 shares of the asset manager's stock, valued at approximately $34,106,000.

Several other institutional investors have also recently added to or reduced their stakes in BLK. IAG Wealth Partners LLC bought a new stake in BlackRock in the 4th quarter valued at about $26,000. Investment Management Corp VA ADV acquired a new position in BlackRock during the fourth quarter worth about $30,000. Collier Financial acquired a new stake in BlackRock during the fourth quarter valued at approximately $32,000. Compass Planning Associates Inc acquired a new position in shares of BlackRock in the 4th quarter worth $33,000. Finally, Synergy Investment Management LLC acquired a new stake in BlackRock during the 4th quarter worth about $40,000. Institutional investors own 80.69% of the company's stock.

BlackRock Trading Up 0.1%

Shares of BLK stock traded up $1.40 on Wednesday, hitting $993.30. 458,460 shares of the company's stock traded hands, compared to its average volume of 688,563. The company's fifty day simple moving average is $927.88 and its 200 day simple moving average is $972.57. BlackRock, Inc. has a one year low of $752.30 and a one year high of $1,084.22. The stock has a market capitalization of $153.89 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 1.90 and a beta of 1.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23.

BlackRock (NYSE:BLK - Get Free Report) last released 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. The business had revenue of $5.28 billion during the quarter, compared to analysts' expectations of $5.47 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business's revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $9.81 EPS. Equities analysts forecast that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Announces Dividend

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 issued 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 2.10%. BlackRock's payout ratio is 50.63%.

Insiders Place Their Bets

In other news, Director J. Richard Kushel sold 2,000 shares of BlackRock stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the sale, the director now owns 66,034 shares in the company, valued at $56,261,628.34. This trade represents a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.98% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BLK shares. Wall Street Zen raised BlackRock to a "hold" rating in a research report on Saturday, May 24th. UBS Group cut their target price on BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Barclays lifted their price objective on BlackRock from $950.00 to $990.00 and gave the company an "overweight" rating in a report on Monday, April 14th. TD Cowen dropped their target price on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of BlackRock from $1,046.00 to $988.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, BlackRock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,082.46.

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.