BlackRock, Inc. (NYSE:BLK) Shares Acquired by Gibson Capital LLC

Gibson Capital LLC increased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 23.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 263 shares of the asset manager’s stock after purchasing an additional 50 shares during the quarter. Gibson Capital LLC’s holdings in BlackRock were worth $270,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in shares of BlackRock during the 3rd quarter worth approximately $26,000. IAG Wealth Partners LLC acquired a new position in BlackRock during the fourth quarter worth $26,000. Collier Financial purchased a new position in BlackRock in the fourth quarter worth $32,000. Compass Planning Associates Inc acquired a new stake in BlackRock in the fourth quarter valued at $33,000. Finally, Atwood & Palmer Inc. acquired a new position in shares of BlackRock during the 4th quarter worth $36,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Trading Up 0.1 %

Shares of BlackRock stock opened at $947.45 on Tuesday. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22. The business’s fifty day moving average is $977.53 and its two-hundred day moving average is $992.68. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm has a market cap of $147.09 billion, a PE ratio of 22.56, a P/E/G ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share 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 firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business posted $9.66 earnings per share. Analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were issued a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a yield of 2.20%. This is an increase from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend was Friday, March 7th. BlackRock’s payout ratio is presently 49.62%.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the transaction, the director now owns 68,433 shares in the company, valued at approximately $69,117,330. This trade represents a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders sold 20,430 shares of company stock valued at $21,234,629. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on BLK. Morgan Stanley raised their price objective on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Citigroup boosted their price target on BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. JPMorgan Chase & Co. upped their price target on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Barclays decreased their target price on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $1,120.67.

BlackRock 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.