Oak Family Advisors LLC Invests $223,000 in BlackRock, Inc. (NYSE:BLK)

Oak Family Advisors LLC acquired a new position in shares of BlackRock, Inc. (NYSE:BLKGet Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 244 shares of the asset manager’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Disciplined Investments LLC acquired a new stake in BlackRock during the fourth quarter worth about $30,000. Sound Income Strategies LLC raised its stake in BlackRock by 52.0% during the fourth quarter. Sound Income Strategies LLC now owns 38 shares of the asset manager’s stock worth $35,000 after acquiring an additional 13 shares during the period. Delos Wealth Advisors LLC acquired a new stake in BlackRock during the third quarter worth about $33,000. Capital Directions Investment Advisors LLC raised its stake in BlackRock by 87.0% during the third quarter. Capital Directions Investment Advisors LLC now owns 43 shares of the asset manager’s stock worth $36,000 after acquiring an additional 20 shares during the period. Finally, Costello Asset Management INC acquired a new stake in shares of BlackRock in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

BlackRock stock traded down $12.79 during midday trading on Friday, reaching $736.10. The stock had a trading volume of 820,928 shares, compared to its average volume of 727,779. The firm’s fifty day simple moving average is $750.46 and its two-hundred day simple moving average is $844.45. BlackRock, Inc. has a twelve month low of $660.15 and a twelve month high of $973.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a market cap of $111.92 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.78 and a beta of 1.22.

BlackRock (NYSE:BLKGet Rating) last posted its quarterly earnings data on Friday, January 14th. The asset manager reported $10.42 EPS for the quarter, topping analysts’ consensus estimates of $10.16 by $0.26. BlackRock had a net margin of 30.46% and a return on equity of 16.54%. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.15 billion. During the same quarter last year, the business posted $10.18 EPS. The company’s revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts predict that BlackRock, Inc. will post 41.26 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 23rd. Stockholders of record on Monday, March 7th were issued a dividend of $4.88 per share. The ex-dividend date was Friday, March 4th. This represents a $19.52 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from BlackRock’s previous quarterly dividend of $4.13. BlackRock’s dividend payout ratio (DPR) is currently 51.09%.

In related news, Director Mark Mccombe sold 1,400 shares of BlackRock stock in a transaction on Monday, February 7th. The shares were sold at an average price of $819.32, for a total value of $1,147,048.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.16% of the stock is currently owned by company insiders.

Several brokerages have commented on BLK. Bank of America began coverage on shares of BlackRock in a research note on Thursday, December 16th. They issued a “buy” rating on the stock. BNP Paribas lowered shares of BlackRock from an “outperform” rating to a “neutral” rating and set a $725.00 price target on the stock. in a research note on Tuesday, March 8th. The Goldman Sachs Group dropped their price target on shares of BlackRock from $1,000.00 to $800.00 and set a “buy” rating on the stock in a research note on Monday, March 14th. Zacks Investment Research upgraded shares of BlackRock from a “sell” rating to a “hold” rating and set a $808.00 price objective on the stock in a research note on Monday, April 4th. Finally, StockNews.com began coverage on shares of BlackRock in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $924.94.

BlackRock Profile (Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLKGet Rating).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.