Edmond DE Rothschild Holding S.A. Purchases 6,137 Shares of BlackRock, Inc. (NYSE:BLK)

Edmond DE Rothschild Holding S.A. lifted its position in shares of BlackRock, Inc. (NYSE:BLK) by 155.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,078 shares of the asset manager’s stock after buying an additional 6,137 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in BlackRock were worth $10,331,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of BlackRock in the fourth quarter valued at approximately $2,356,357,000. Proficio Capital Partners LLC increased its stake in BlackRock by 138,682.5% during the 4th quarter. Proficio Capital Partners LLC now owns 634,236 shares of the asset manager’s stock worth $634,000 after acquiring an additional 633,779 shares during the period. Amundi acquired a new position in BlackRock in the 4th quarter valued at $528,792,000. Montrusco Bolton Investments Inc. bought a new stake in shares of BlackRock during the 4th quarter valued at $343,976,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of BlackRock during the 4th quarter worth $330,662,000. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company increased their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group boosted their price objective on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. StockNews.com assumed coverage on BlackRock in a report on Saturday. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. boosted 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. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,120.67.

BlackRock Trading Up 0.1 %

BLK opened at $947.45 on Tuesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22. The company’s 50 day moving average price is $977.53 and its two-hundred day moving average price is $992.68. The firm has a market capitalization of $147.09 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK) last issued its quarterly earnings data 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 company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. BlackRock’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.66 earnings per share. As a group, research analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

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

Insider Activity at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were 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. The trade was a 12.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 20,430 shares of company stock worth $21,234,629 over the last ninety days. Insiders own 0.90% of the company’s stock.

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.