First Trust Advisors LP Has $26.48 Million Stake in BlackRock, Inc. (BLK)

First Trust Advisors LP reduced its stake in BlackRock, Inc. (NYSE:BLK) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,539 shares of the asset manager’s stock after selling 989 shares during the period. First Trust Advisors LP’s holdings in BlackRock were worth $26,476,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Keybank National Association OH boosted its holdings in shares of BlackRock by 8.3% in the fourth quarter. Keybank National Association OH now owns 97,879 shares of the asset manager’s stock worth $50,281,000 after acquiring an additional 7,486 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of BlackRock by 3.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 93,869 shares of the asset manager’s stock worth $48,221,000 after acquiring an additional 3,197 shares during the period. Willingdon Wealth Management boosted its holdings in shares of BlackRock by 1.9% in the fourth quarter. Willingdon Wealth Management now owns 7,506 shares of the asset manager’s stock worth $3,856,000 after acquiring an additional 137 shares during the period. Cape ANN Savings Bank bought a new position in shares of BlackRock in the fourth quarter worth $994,000. Finally, Barings LLC boosted its holdings in shares of BlackRock by 434.7% in the fourth quarter. Barings LLC now owns 5,400 shares of the asset manager’s stock worth $2,774,000 after acquiring an additional 4,390 shares during the period. 82.37% of the stock is owned by hedge funds and other institutional investors.

Shares of BlackRock, Inc. (BLK) opened at $539.53 on Friday. The stock has a market capitalization of $87,538.16, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.46 and a beta of 1.76. BlackRock, Inc. has a 52 week low of $368.00 and a 52 week high of $594.52. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.89 and a current ratio of 2.89.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.94 by $0.30. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the company earned $5.14 earnings per share. The firm’s quarterly revenue was up 20.0% on a year-over-year basis. equities analysts expect that BlackRock, Inc. will post 28.5 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Wednesday, March 7th will be paid a dividend of $2.88 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $11.52 annualized dividend and a yield of 2.14%. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s payout ratio is 33.00%.

In other BlackRock news, Director Susan Wagner sold 4,000 shares of BlackRock stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the completion of the sale, the director now owns 481,915 shares of the company’s stock, valued at $243,897,181.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Deryck C. Maughan purchased 3,861 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were purchased at an average cost of $573.44 per share, with a total value of $2,214,051.84. Following the purchase, the director now owns 12,265 shares of the company’s stock, valued at $7,033,241.60. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 19,311 shares of company stock valued at $10,255,887. Corporate insiders own 1.86% of the company’s stock.

A number of equities analysts have recently commented on the company. Zacks Investment Research raised BlackRock from a “hold” rating to a “strong-buy” rating and set a $614.00 price target for the company in a report on Thursday, January 11th. Argus reaffirmed a “buy” rating and issued a $620.00 price target (up from $520.00) on shares of BlackRock in a report on Tuesday, January 16th. Wells Fargo & Co reissued a “market perform” rating and set a $555.00 price objective (up previously from $535.00) on shares of BlackRock in a research note on Tuesday, January 16th. Citigroup lowered BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 price objective for the company. in a research note on Thursday, January 25th. Finally, Credit Suisse Group reissued a “buy” rating and set a $680.00 price objective on shares of BlackRock in a research note on Friday, January 12th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $547.92.

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BlackRock Profile

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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