Quantinno Capital Management LP Has $14.20 Million Position in BlackRock, Inc. (NYSE:BLK)

Quantinno Capital Management LP raised its stake in BlackRock, Inc. (NYSE:BLK - Free Report) by 35.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,849 shares of the asset manager's stock after acquiring an additional 3,657 shares during the quarter. Quantinno Capital Management LP's holdings in BlackRock were worth $14,197,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BLK. Brookstone Capital Management lifted its holdings in shares of BlackRock by 9.4% in the fourth quarter. Brookstone Capital Management now owns 1,014 shares of the asset manager's stock worth $1,039,000 after acquiring an additional 87 shares during the last quarter. Capital Investment Advisors LLC raised its holdings in BlackRock by 3.2% in the 4th quarter. Capital Investment Advisors LLC now owns 1,456 shares of the asset manager's stock valued at $1,492,000 after buying an additional 45 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in BlackRock by 244.3% in the 4th quarter. Salem Investment Counselors Inc. now owns 210 shares of the asset manager's stock valued at $215,000 after buying an additional 149 shares during the last quarter. Miracle Mile Advisors LLC raised its holdings in BlackRock by 2.5% in the 4th quarter. Miracle Mile Advisors LLC now owns 579 shares of the asset manager's stock valued at $593,000 after buying an additional 14 shares during the last quarter. Finally, Fiduciary Financial Group LLC bought a new position in BlackRock in the 4th quarter valued at approximately $216,000. Institutional investors own 80.69% of the company's stock.

Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 430 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $949.37, for a total transaction of $408,229.10. Following the completion of the sale, the director now owns 3,720 shares of the company's stock, valued at $3,531,656.40. This trade represents a 10.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 12,430 shares of company stock valued at $11,237,249 in the last quarter. 1.98% of the stock is currently owned by company insiders.

BlackRock Trading Up 0.6%

NYSE:BLK traded up $6.31 on Friday, reaching $989.39. 676,753 shares of the stock traded hands, compared to its average volume of 692,235. The firm has a market capitalization of $153.61 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a 1-year low of $752.30 and a 1-year 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. The company's 50 day moving average is $916.06 and its 200-day moving average is $978.06.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, topping 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%. The company's quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the firm posted $9.81 EPS. Equities research analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current fiscal 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 given a dividend of $5.21 per share. This represents a $20.84 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, June 5th. BlackRock's dividend payout ratio (DPR) is 50.63%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group dropped their price objective on shares of BlackRock from $1,045.00 to $1,010.00 and set a "neutral" rating for the company in a report on Friday, April 11th. TD Cowen dropped their price objective on shares of BlackRock from $1,251.00 to $1,032.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Bank of America dropped their price objective on shares of BlackRock from $1,196.00 to $1,178.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Morgan Stanley dropped their price objective on shares of BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, StockNews.com initiated coverage on shares of BlackRock in a research report on Friday. They set a "hold" rating for the company. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, BlackRock has a consensus rating of "Moderate Buy" and an average price target of $1,077.08.

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.