BlackRock, Inc. (NYSE:BLK) Shares Sold by Stonebridge Capital Advisors LLC

Stonebridge Capital Advisors LLC reduced its stake in BlackRock, Inc. (NYSE:BLK - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,228 shares of the asset manager's stock after selling 757 shares during the quarter. BlackRock comprises approximately 2.1% of Stonebridge Capital Advisors LLC's portfolio, making the stock its 11th biggest holding. Stonebridge Capital Advisors LLC's holdings in BlackRock were worth $25,861,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLK. Fidelity D & D Bancorp Inc. grew its holdings in shares of BlackRock by 3.7% during the third quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager's stock worth $263,000 after buying an additional 10 shares in the last quarter. Princeton Global Asset Management LLC grew its stake in BlackRock by 8.7% in the 4th quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager's stock worth $128,000 after acquiring an additional 10 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in 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 valued at $1,311,000 after acquiring an additional 10 shares during the last quarter. Legacy Capital Group California Inc. boosted its holdings in shares of BlackRock by 2.8% during 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 last quarter. Finally, Marino Stram & Associates LLC lifted its position in BlackRock by 0.3% during the fourth quarter. Marino Stram & Associates LLC now owns 3,410 shares of the asset manager's stock worth $3,496,000 after buying an additional 11 shares during the period. Hedge funds and other institutional investors own 80.69% of the company's stock.

BlackRock Stock Up 0.5 %

Shares of BLK stock traded up $4.45 during mid-day trading on Monday, reaching $912.14. 205,267 shares of the company were exchanged, compared to its average volume of 683,369. The company has a market capitalization of $141.61 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.90 and a beta of 1.38. The business's 50 day simple moving average is $922.02 and its 200 day simple moving average is $983.87. 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, Inc. has a fifty-two week low of $748.78 and a fifty-two week high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The asset manager reported $11.30 EPS for the quarter, topping the consensus estimate of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business had revenue of $5.28 billion for the quarter, compared to analysts' expectations of $5.47 billion. During the same quarter last year, the company posted $9.81 earnings per share. The company's quarterly revenue was up 11.6% compared to the same quarter last year. Research analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a dividend of $5.21 per share. This is a positive change from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 annualized dividend and a yield of 2.28%. BlackRock's dividend payout ratio is 50.63%.

Insider Activity

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the completion of the transaction, the director now directly owns 68,433 shares of the company's stock, valued at $73,403,973.12. The trade was a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders sold 12,430 shares of company stock valued at $12,838,649. 1.98% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on BLK. 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 research note on Friday, April 11th. Morgan Stanley decreased their price target on shares of BlackRock from $1,275.00 to $1,124.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Bank of America cut their target price on 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. Wells Fargo & Company dropped their price target on BlackRock from $1,065.00 to $1,035.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,077.08.

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.