BlackRock, Inc. (BLK) Director Deryck C. Maughan Acquires 3,861 Shares

BlackRock, Inc. (NYSE:BLK) Director Deryck C. Maughan purchased 3,861 shares of the stock in a transaction dated Wednesday, January 17th. The shares were acquired at an average price of $573.44 per share, with a total value of $2,214,051.84. Following the completion of the acquisition, the director now owns 12,265 shares in the company, valued at approximately $7,033,241.60. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

BlackRock, Inc. (NYSE BLK) traded up $10.97 on Friday, reaching $590.26. The company had a trading volume of 591,655 shares, compared to its average volume of 511,730. BlackRock, Inc. has a 1 year low of $365.83 and a 1 year high of $590.56. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09. The firm has a market cap of $94,640.00, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 1.55 and a beta of 1.81.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the company earned $5.14 EPS. BlackRock’s revenue was up 20.0% on a year-over-year basis. research analysts anticipate that BlackRock, Inc. will post 28.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be paid a dividend of $2.88 per share. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. The ex-dividend date is Tuesday, March 6th. This represents a $11.52 annualized dividend and a yield of 1.95%. BlackRock’s dividend payout ratio is presently 33.00%.

A number of equities analysts have recently weighed in on the company. Jefferies Group increased their price target on BlackRock to $565.00 and gave the stock a “hold” rating in a report on Monday. Citigroup increased their price target on BlackRock to $625.00 and gave the stock a “buy” rating in a report on Tuesday. Wells Fargo & Co reiterated a “market perform” rating and set a $555.00 price target (up from $535.00) on shares of BlackRock in a report on Tuesday. Argus reissued a “buy” rating and set a $620.00 target price (up previously from $520.00) on shares of BlackRock in a research note on Tuesday. Finally, Credit Suisse Group reissued a “buy” rating and set a $680.00 target price on shares of BlackRock in a research note on Friday, January 12th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. BlackRock has a consensus rating of “Buy” and an average target price of $547.92.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Keel Point LLC raised its position in BlackRock by 0.6% in the 2nd quarter. Keel Point LLC now owns 802 shares of the asset manager’s stock valued at $339,000 after purchasing an additional 5 shares in the last quarter. Bangor Savings Bank raised its position in BlackRock by 0.6% in the 2nd quarter. Bangor Savings Bank now owns 1,172 shares of the asset manager’s stock valued at $495,000 after purchasing an additional 7 shares in the last quarter. Zevenbergen Capital Investments LLC raised its position in BlackRock by 0.4% in the 2nd quarter. Zevenbergen Capital Investments LLC now owns 2,294 shares of the asset manager’s stock valued at $969,000 after purchasing an additional 10 shares in the last quarter. Veritable L.P. raised its position in BlackRock by 0.3% in the 2nd quarter. Veritable L.P. now owns 3,936 shares of the asset manager’s stock valued at $1,663,000 after purchasing an additional 11 shares in the last quarter. Finally, KCM Investment Advisors LLC raised its position in BlackRock by 3.0% in the 2nd quarter. KCM Investment Advisors LLC now owns 683 shares of the asset manager’s stock valued at $289,000 after purchasing an additional 20 shares in the last quarter. 83.55% of the stock is currently owned by hedge funds and other institutional investors.

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About BlackRock

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.

Insider Buying and Selling by Quarter for BlackRock (NYSE:BLK)

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