Teachers Advisors LLC increased its holdings in BlackRock, Inc. (NYSE:BLK) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,418 shares of the asset manager’s stock after acquiring an additional 9,871 shares during the period. Teachers Advisors LLC owned about 0.14% of BlackRock worth $114,772,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Invictus RG acquired a new position in shares of BlackRock during the 3rd quarter valued at about $110,000. Sumitomo Mitsui Financial Group Inc. increased its holdings in shares of BlackRock by 1,119.2% during the 3rd quarter. Sumitomo Mitsui Financial Group Inc. now owns 317 shares of the asset manager’s stock valued at $141,000 after acquiring an additional 291 shares during the last quarter. Assetmark Inc. increased its holdings in shares of BlackRock by 57.1% during the 4th quarter. Assetmark Inc. now owns 278 shares of the asset manager’s stock valued at $143,000 after acquiring an additional 101 shares during the last quarter. Oakworth Capital Inc. increased its holdings in shares of BlackRock by 67.6% during the 4th quarter. Oakworth Capital Inc. now owns 305 shares of the asset manager’s stock valued at $153,000 after acquiring an additional 123 shares during the last quarter. Finally, Manchester Capital Management LLC acquired a new position in shares of BlackRock during the 3rd quarter valued at about $156,000. 84.65% of the stock is owned by hedge funds and other institutional investors.
Shares of BlackRock, Inc. (NYSE:BLK) opened at $564.06 on Wednesday. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $91,896.95, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.54 and a beta of 1.71. BlackRock, Inc. has a 52-week low of $368.00 and a 52-week high of $594.52.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be given a dividend of $2.88 per share. This represents a $11.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend is Tuesday, March 6th. This is an increase from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s dividend payout ratio (DPR) is 38.02%.
In other BlackRock news, insider Jeff A. Smith sold 425 shares of BlackRock stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $565.96, for a total value of $240,533.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Deryck C. Maughan acquired 3,861 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was acquired at an average price of $573.44 per share, with a total value of $2,214,051.84. Following the transaction, the director now owns 12,265 shares in the company, valued at approximately $7,033,241.60. The disclosure for this purchase can be found here. Insiders have sold a total of 20,961 shares of company stock valued at $11,375,444 in the last 90 days. 1.86% of the stock is owned by corporate insiders.
A number of brokerages have recently commented on BLK. Zacks Investment Research raised BlackRock from a “hold” rating to a “strong-buy” rating and set a $614.00 price objective on the stock in a report on Thursday, January 11th. Jefferies Group raised their target price on BlackRock to $565.00 and gave the company a “hold” rating in a report on Monday, January 15th. Citigroup raised their target price on BlackRock to $625.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $555.00 target price (up previously from $535.00) on shares of BlackRock in a report on Tuesday, January 16th. Finally, Deutsche Bank lowered their target price on BlackRock to $623.00 and set a “buy” rating on the stock in a report on Tuesday, March 6th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. BlackRock has a consensus rating of “Buy” and a consensus target price of $560.85.
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.
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.