Mid Atlantic Financial Management Inc. ADV decreased its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,000 shares of the asset manager’s stock after selling 41 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in BlackRock were worth $754,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake in shares of BlackRock by 1.5% during the 1st quarter. BlackRock Inc. now owns 9,846,763 shares of the asset manager’s stock worth $7,424,066,000 after purchasing an additional 147,821 shares during the last quarter. FMR LLC increased its stake in shares of BlackRock by 19.0% during the 4th quarter. FMR LLC now owns 3,819,050 shares of the asset manager’s stock worth $2,755,598,000 after purchasing an additional 611,071 shares during the last quarter. Column Capital Advisors LLC increased its stake in shares of BlackRock by 24,840.7% during the 1st quarter. Column Capital Advisors LLC now owns 2,703,325 shares of the asset manager’s stock worth $2,703,000 after purchasing an additional 2,692,486 shares during the last quarter. Wells Fargo & Company MN grew its stake in BlackRock by 3.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,388,277 shares of the asset manager’s stock valued at $1,723,239,000 after buying an additional 72,109 shares during the last quarter. Finally, Norges Bank acquired a new position in BlackRock in the 4th quarter valued at $1,515,316,000. Institutional investors own 80.13% of the company’s stock.
In other news, Director Mark Wiedman sold 1,725 shares of BlackRock stock in a transaction that occurred on Friday, April 16th. The shares were sold at an average price of $812.53, for a total transaction of $1,401,614.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Laurence Fink sold 31,668 shares of BlackRock stock in a transaction that occurred on Thursday, May 6th. The stock was sold at an average price of $865.89, for a total transaction of $27,421,004.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 38,409 shares of company stock valued at $32,875,775. 1.16% of the stock is owned by corporate insiders.
BLK opened at $867.44 on Friday. The company has a quick ratio of 4.44, a current ratio of 4.44 and a debt-to-equity ratio of 0.65. The firm has a market cap of $132.31 billion, a PE ratio of 25.14, a PEG ratio of 2.36 and a beta of 1.16. BlackRock, Inc. has a 1-year low of $515.72 and a 1-year high of $890.00. The company has a 50-day moving average of $838.22.
BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, April 14th. The asset manager reported $7.77 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $4.29 billion. During the same quarter last year, the company posted $6.60 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, sell-side analysts expect that BlackRock, Inc. will post 36.74 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 23rd. Stockholders of record on Friday, June 4th will be given a dividend of $4.13 per share. This represents a $16.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, June 3rd. BlackRock’s dividend payout ratio is 48.85%.
BlackRock Company 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.
Recommended Story: How mutual funds make money
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: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.