BlackRock, Inc. (NYSE:BLK) Director Jeff A. Smith sold 2,250 shares of the stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $415.78, for a total value of $935,505.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NYSE BLK opened at $411.76 on Friday. BlackRock, Inc. has a 1-year low of $360.79 and a 1-year high of $578.80. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.07 and a current ratio of 3.07. The firm has a market capitalization of $64.94 billion, a PE ratio of 15.29, a P/E/G ratio of 1.58 and a beta of 1.37.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Wednesday, January 16th. The asset manager reported $6.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $6.35 by ($0.27). BlackRock had a return on equity of 13.53% and a net margin of 30.32%. The company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the company posted $6.24 earnings per share. The company’s revenue was down 8.8% compared to the same quarter last year. On average, sell-side analysts predict that BlackRock, Inc. will post 25.88 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Wednesday, March 6th will be paid a $3.30 dividend. The ex-dividend date is Tuesday, March 5th. This is an increase from BlackRock’s previous quarterly dividend of $3.13. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.21%. BlackRock’s dividend payout ratio is 46.49%.

BLK has been the subject of a number of research analyst reports. ValuEngine lowered BlackRock from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Wells Fargo & Co restated a “hold” rating and issued a $440.00 target price (down previously from $510.00) on shares of BlackRock in a report on Tuesday, October 16th. Goldman Sachs Group lowered BlackRock from a “conviction-buy” rating to a “buy” rating in a report on Wednesday, October 17th. Citigroup reduced their target price on BlackRock to $500.00 and set a “buy” rating for the company in a report on Wednesday, October 17th. Finally, Argus reduced their target price on BlackRock from $620.00 to $535.00 and set a “buy” rating for the company in a report on Wednesday, October 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $503.03.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AdvisorNet Financial Inc increased its position in BlackRock by 24.6% during the fourth quarter. AdvisorNet Financial Inc now owns 1,518 shares of the asset manager’s stock worth $596,000 after buying an additional 300 shares during the last quarter. Doyle Wealth Management acquired a new position in BlackRock during the fourth quarter worth $148,000. Motco increased its position in BlackRock by 5.9% during the fourth quarter. Motco now owns 20,502 shares of the asset manager’s stock worth $8,054,000 after buying an additional 1,137 shares during the last quarter. Madison Investment Holdings Inc. acquired a new position in BlackRock during the fourth quarter worth $7,642,000. Finally, B & T Capital Management DBA Alpha Capital Management increased its position in BlackRock by 7.9% during the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 5,573 shares of the asset manager’s stock worth $2,189,000 after buying an additional 406 shares during the last quarter. 82.17% of the stock is currently owned by institutional investors and hedge funds.

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About BlackRock

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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Insider Buying and Selling by Quarter for BlackRock (NYSE:BLK)

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