Carr Financial Group Corp bought a new stake in shares of BlackRock, Inc. (NYSE:BLK – Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 527 shares of the asset manager’s stock, valued at approximately $540,000.
A number of other large investors have also recently bought and sold shares of BLK. State Street Corp grew its stake in BlackRock by 0.7% in the third quarter. State Street Corp now owns 5,983,583 shares of the asset manager’s stock worth $5,681,472,000 after purchasing an additional 42,757 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of BlackRock by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,816,577 shares of the asset manager’s stock valued at $2,663,330,000 after buying an additional 30,182 shares during the last quarter. FMR LLC raised its holdings in BlackRock by 10.6% during the third quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock worth $2,244,608,000 after purchasing an additional 226,135 shares in the last quarter. Fisher Asset Management LLC raised its holdings in BlackRock by 1.9% during the third quarter. Fisher Asset Management LLC now owns 2,192,247 shares of the asset manager’s stock worth $2,081,561,000 after purchasing an additional 40,865 shares in the last quarter. Finally, Legal & General Group Plc grew its position in BlackRock by 1.9% in the second quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager’s stock worth $942,640,000 after buying an additional 22,311 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.
Insider Transactions at BlackRock
In related news, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the completion of the transaction, the director now directly owns 6,480 shares in the company, valued at $6,777,432. The trade was a 84.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert L. Goldstein sold 54,000 shares of BlackRock stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the completion of the sale, the chief operating officer now directly owns 41,916 shares of the company’s stock, valued at $43,845,393.48. The trade was a 56.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,190 shares of company stock valued at $104,436,741 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Get Our Latest Stock Analysis on BlackRock
BlackRock Stock Up 0.2 %
Shares of BlackRock stock opened at $1,020.19 on Friday. The company’s fifty day simple moving average is $1,024.77 and its two-hundred day simple moving average is $952.31. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,082.45. The company has a market cap of $158.01 billion, a P/E ratio of 24.29, a PEG ratio of 1.82 and a beta of 1.28. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45.
BlackRock (NYSE:BLK – Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, beating the consensus estimate of $11.52 by $0.41. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm earned $9.66 EPS. Research analysts anticipate that BlackRock, Inc. will post 47.43 EPS for the current year.
BlackRock Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 5th were paid a $5.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 annualized dividend and a yield of 2.00%. BlackRock’s dividend payout ratio (DPR) is currently 48.57%.
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.
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