328 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by Weil Company Inc.

Weil Company Inc. purchased a new position in BlackRock, Inc. (NYSE:BLK) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 328 shares of the asset manager’s stock, valued at approximately $247,000.

Several other large investors also recently bought and sold shares of BLK. Sittner & Nelson LLC bought a new stake in shares of BlackRock in the 4th quarter worth approximately $25,000. Grandview Asset Management LLC bought a new stake in shares of BlackRock in the 1st quarter worth approximately $25,000. Birch Capital Management LLC bought a new stake in shares of BlackRock in the 1st quarter worth approximately $26,000. Manchester Financial Inc. raised its holdings in shares of BlackRock by 428.6% in the 1st quarter. Manchester Financial Inc. now owns 37 shares of the asset manager’s stock worth $28,000 after purchasing an additional 30 shares during the period. Finally, Cranbrook Wealth Management LLC raised its holdings in shares of BlackRock by 60.0% in the 1st quarter. Cranbrook Wealth Management LLC now owns 40 shares of the asset manager’s stock worth $30,000 after purchasing an additional 15 shares during the period. 80.13% of the stock is currently owned by institutional investors.

BLK opened at $867.44 on Friday. The firm’s fifty day moving average price is $838.22. The stock has a market cap of $132.31 billion, a price-to-earnings ratio of 25.14, a P/E/G ratio of 2.36 and a beta of 1.16. The company has a debt-to-equity ratio of 0.65, a current ratio of 4.44 and a quick ratio of 4.44. BlackRock, Inc. has a one year low of $515.72 and a one year high of $890.00.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, April 14th. The asset manager reported $7.77 EPS for the quarter, beating analysts’ consensus estimates of $7.64 by $0.13. BlackRock had a net margin of 31.52% and a return on equity of 15.72%. The firm had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the business earned $6.60 EPS. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Research analysts forecast that BlackRock, Inc. will post 36.74 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 23rd. Investors of record on Friday, June 4th will be given a $4.13 dividend. The ex-dividend date is Thursday, June 3rd. This represents a $16.52 annualized dividend and a yield of 1.90%. BlackRock’s dividend payout ratio (DPR) is presently 48.85%.

In related news, Director Rachel Lord sold 4,416 shares of the company’s stock in a transaction on Tuesday, April 20th. The shares were sold at an average price of $808.00, for a total value of $3,568,128.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Marc D. Comerchero sold 600 shares of the company’s stock in a transaction on Friday, April 16th. The stock was sold at an average price of $808.38, for a total transaction of $485,028.00. The disclosure for this sale can be found here. Insiders sold 38,409 shares of company stock valued at $32,875,775 over the last quarter. 1.16% of the stock is owned by company insiders.

A number of equities research analysts have issued reports on BLK shares. Wells Fargo & Company boosted their target price on shares of BlackRock from $875.00 to $890.00 and gave the company an “overweight” rating in a report on Wednesday, April 7th. Barclays boosted their target price on shares of BlackRock from $850.00 to $925.00 and gave the company an “overweight” rating in a report on Friday, April 16th. Argus boosted their target price on shares of BlackRock from $845.00 to $915.00 and gave the company a “buy” rating in a report on Friday, April 16th. Morgan Stanley boosted their target price on shares of BlackRock from $924.00 to $944.00 and gave the company an “overweight” rating in a report on Tuesday, April 20th. Finally, Citigroup boosted their target price on shares of BlackRock from $950.00 to $1,000.00 in a report on Friday, April 16th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $893.83.

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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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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