Vise Technologies Inc. Makes New $2.49 Million Investment in BlackRock, Inc. (NYSE:BLK)

Vise Technologies Inc. bought a new position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,428 shares of the asset manager's stock, valued at approximately $2,489,000.

Other institutional investors also recently bought and sold shares of the company. IAG Wealth Partners LLC acquired a new position in shares of BlackRock in the fourth quarter valued at approximately $26,000. Collier Financial acquired a new position in BlackRock during the 4th quarter worth approximately $32,000. Compass Planning Associates Inc acquired a new position in BlackRock during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new stake in shares of BlackRock during the 4th quarter worth approximately $40,000. Finally, Curio Wealth LLC purchased a new stake in shares of BlackRock during the 4th quarter worth approximately $41,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays boosted 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. TD Cowen reduced their price target 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. Morgan Stanley reduced their price target on shares of BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Bank of America reduced their price target on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Finally, Wells Fargo & Company reduced their price target on shares of BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Three investment 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,077.08.

Insider Activity

In related news, Director J. Richard Kushel sold 430 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $949.37, for a total value of $408,229.10. Following the sale, the director now directly owns 3,720 shares of the company's stock, valued at approximately $3,531,656.40. This represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 12,430 shares of company stock worth $11,237,249 in the last 90 days. 1.98% of the stock is currently owned by corporate insiders.

BlackRock Stock Performance

BlackRock stock traded down $5.29 during trading hours on Wednesday, reaching $976.03. 113,665 shares of the stock were exchanged, compared to its average volume of 692,249. The firm's 50 day moving average is $921.62 and its 200 day moving average is $976.43. 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 market cap of $151.21 billion, a P/E ratio of 23.21, a P/E/G ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a 52-week low of $752.30 and a 52-week high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.84 by $0.46. The business 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%. The business's revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $9.81 EPS. Analysts predict that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be issued a $5.21 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.14%. BlackRock's dividend payout ratio is presently 50.63%.

About BlackRock

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.