New Mexico Educational Retirement Board boosted its position in shares of BlackRock, Inc. (NYSE:BLK) by 6.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,939 shares of the asset manager’s stock after purchasing an additional 700 shares during the period. New Mexico Educational Retirement Board’s holdings in BlackRock were worth $6,133,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Invictus RG purchased a new position in shares of BlackRock in the 3rd quarter valued at about $110,000. Oakworth Capital Inc. boosted its stake in shares of BlackRock by 67.6% in the 4th quarter. Oakworth Capital Inc. now owns 305 shares of the asset manager’s stock valued at $153,000 after buying an additional 123 shares during the period. Sumitomo Mitsui Financial Group Inc. boosted its stake in shares of BlackRock by 1,119.2% in the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 317 shares of the asset manager’s stock valued at $141,000 after buying an additional 291 shares during the period. Manchester Capital Management LLC purchased a new position in shares of BlackRock in the 3rd quarter valued at about $156,000. Finally, Penserra Capital Management LLC boosted its stake in shares of BlackRock by 48.8% in the 3rd quarter. Penserra Capital Management LLC now owns 369 shares of the asset manager’s stock valued at $164,000 after buying an additional 121 shares during the period. Institutional investors own 83.15% of the company’s stock.

Several equities analysts have recently issued reports on BLK shares. Argus reiterated a “buy” rating and issued a $620.00 price objective (up previously from $520.00) on shares of BlackRock in a research note on Tuesday, January 16th. Credit Suisse Group reiterated a “buy” rating and issued a $680.00 price objective on shares of BlackRock in a research note on Friday, January 12th. Citigroup lifted their price objective on BlackRock to $625.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Jefferies Group lifted their price objective on BlackRock to $565.00 and gave the company a “hold” rating in a research note on Monday, January 15th. Finally, Zacks Investment Research cut BlackRock from a “buy” rating to a “hold” rating in a research note on Tuesday, December 5th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $547.92.

In other BlackRock news, insider Mark Mccombe sold 2,000 shares of BlackRock stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $520.64, for a total transaction of $1,041,280.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeff A. Smith sold 100 shares of BlackRock stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $477.54, for a total value of $47,754.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,275 shares of company stock worth $5,342,005 in the last three months. Corporate insiders own 1.86% of the company’s stock.

Shares of BlackRock, Inc. (NYSE BLK) opened at $521.27 on Wednesday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.89 and a current ratio of 2.89. BlackRock, Inc. has a 12-month low of $368.00 and a 12-month high of $594.52. The firm has a market capitalization of $84,610.35, a PE ratio of 17.20, a PEG ratio of 1.41 and a beta of 1.76.

BlackRock (NYSE:BLK) last issued its earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share for the quarter, topping the consensus estimate of $5.94 by $0.30. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the company earned $5.14 EPS. The business’s quarterly revenue was up 20.0% on a year-over-year basis. research analysts forecast that BlackRock, Inc. will post 28.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be given a dividend of $2.88 per share. This represents a $11.52 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, March 6th. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s dividend payout ratio (DPR) is 33.00%.

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BlackRock Profile

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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