Tokio Marine Asset Management Co. Ltd. Has $4.25 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Tokio Marine Asset Management Co. Ltd. boosted its position in BlackRock, Inc. (NYSE:BLK) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,145 shares of the asset manager’s stock after purchasing an additional 156 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in BlackRock were worth $4,249,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in shares of BlackRock during the 3rd quarter worth approximately $26,000. Atwood & Palmer Inc. bought a new position in BlackRock during the fourth quarter worth $36,000. Reston Wealth Management LLC acquired a new position in shares of BlackRock in the third quarter valued at $37,000. MFA Wealth Advisors LLC raised its position in shares of BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 20 shares during the period. Finally, West Financial Advisors LLC bought a new stake in shares of BlackRock during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BLK shares. Wells Fargo & Company increased their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. StockNews.com began coverage on BlackRock in a report on Saturday. They set a “hold” rating for the company. UBS Group upped their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Barclays reduced their target price on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised their price target on shares of BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,120.67.

Insider Activity

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the completion of the sale, the chief operating officer now directly owns 41,916 shares in the company, valued at approximately $43,845,393.48. This trade represents a 56.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the completion of the transaction, the director now directly owns 68,433 shares in the company, valued at $73,403,973.12. This represents a 12.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,190 shares of company stock valued at $115,163,141. 0.90% of the stock is currently owned by insiders.

BlackRock Price Performance

BLK stock opened at $1,075.83 on Monday. The company has a market capitalization of $166.63 billion, a P/E ratio of 25.62, a PEG ratio of 1.90 and a beta of 1.28. The company has a fifty day moving average price of $1,026.43 and a 200-day moving average price of $963.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,084.22.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping the consensus estimate of $11.52 by $0.41. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business earned $9.66 EPS. As a group, equities analysts expect that BlackRock, Inc. will post 47.45 EPS for the current year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be issued a dividend of $5.21 per share. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date is Friday, March 7th. This represents a $20.84 annualized dividend and a yield of 1.94%. BlackRock’s dividend payout ratio (DPR) is presently 48.57%.

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.