Oak Family Advisors LLC acquired a new position in shares of BlackRock, Inc. (NYSE:BLK – Get 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.
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.
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