Fort Washington Investment Advisors Inc. OH Buys 1,536 Shares of BlackRock $BLK

Fort Washington Investment Advisors Inc. OH lifted its stake in BlackRock (NYSE:BLKFree Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,888 shares of the asset manager’s stock after purchasing an additional 1,536 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in BlackRock were worth $69,453,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Pacifica Partners Inc. boosted its position in BlackRock by 450.0% in the 3rd quarter. Pacifica Partners Inc. now owns 22 shares of the asset manager’s stock valued at $25,000 after buying an additional 18 shares during the last quarter. TruNorth Capital Management LLC increased its stake in shares of BlackRock by 1,000.0% in the 3rd quarter. TruNorth Capital Management LLC now owns 22 shares of the asset manager’s stock valued at $26,000 after buying an additional 20 shares during the period. Hopwood Financial Services Inc. raised its position in shares of BlackRock by 866.7% during the third quarter. Hopwood Financial Services Inc. now owns 29 shares of the asset manager’s stock worth $34,000 after acquiring an additional 26 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in shares of BlackRock during the second quarter valued at $33,000. Finally, Collier Financial acquired a new position in shares of BlackRock during the third quarter valued at $36,000. Institutional investors own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BLK shares. Wall Street Zen upgraded BlackRock from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Keefe, Bruyette & Woods cut shares of BlackRock from a “moderate buy” rating to a “moderate sell” rating in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. increased their price objective on shares of BlackRock from $1,244.00 to $1,267.00 and gave the company a “neutral” rating in a report on Friday, January 9th. The Goldman Sachs Group restated a “buy” rating and issued a $1,313.00 price target on shares of BlackRock in a research report on Tuesday, December 9th. Finally, Evercore dropped their price objective on BlackRock from $1,275.00 to $1,235.00 and set an “outperform” rating for the company in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,308.89.

Check Out Our Latest Research Report on BLK

BlackRock Trading Down 1.4%

Shares of NYSE BLK opened at $967.95 on Friday. BlackRock has a twelve month low of $773.74 and a twelve month high of $1,219.94. The stock has a market cap of $150.55 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 1.25 and a beta of 1.48. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.37. The company’s fifty day moving average is $1,051.82 and its 200-day moving average is $1,083.34.

BlackRock (NYSE:BLKGet Free Report) last issued its quarterly earnings data on Thursday, January 15th. The asset manager reported $13.16 EPS for the quarter, topping the consensus estimate of $12.55 by $0.61. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.80 billion. BlackRock had a return on equity of 14.78% and a net margin of 22.93%.The firm’s revenue was up 23.4% compared to the same quarter last year. During the same quarter last year, the business posted $11.93 EPS. Equities research analysts predict that BlackRock will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Friday, March 6th were issued a dividend of $5.73 per share. This is a boost from BlackRock’s previous quarterly dividend of $5.21. The ex-dividend date was Friday, March 6th. This represents a $22.92 annualized dividend and a dividend yield of 2.4%. BlackRock’s dividend payout ratio (DPR) is presently 64.71%.

Insiders Place Their Bets

In related news, COO Robert L. Goldstein sold 54,190 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $1,087.29, for a total transaction of $58,920,245.10. Following the completion of the sale, the chief operating officer directly owned 51,478 shares of the company’s stock, valued at approximately $55,971,514.62. This represents a 51.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Small sold 27,047 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $1,171.14, for a total transaction of $31,675,823.58. Following the sale, the chief financial officer owned 10,557 shares in the company, valued at $12,363,724.98. This trade represents a 71.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 111,319 shares of company stock worth $123,999,249. Company insiders own 1.98% of the company’s stock.

Key Stories Impacting BlackRock

Here are the key news stories impacting BlackRock this week:

BlackRock Profile

(Free Report)

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.

Read More

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock (NYSE:BLKFree Report).

Institutional Ownership by Quarter for BlackRock (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.