BlackRock, Inc. (NYSE:BLK) Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI cut its stake in shares of BlackRock, Inc. (NYSE:BLK) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,488 shares of the asset manager’s stock after selling 8,847 shares during the quarter. Fiduciary Management Inc. WI owned about 0.09% of BlackRock worth $142,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IAG Wealth Partners LLC acquired a new stake in shares of BlackRock during the 4th quarter worth approximately $26,000. Collier Financial acquired a new stake in BlackRock during the fourth quarter valued at $32,000. Compass Planning Associates Inc purchased a new position in BlackRock in the fourth quarter valued at $33,000. Atwood & Palmer Inc. acquired a new position in shares of BlackRock in the fourth quarter worth about $36,000. Finally, West Financial Advisors LLC purchased a new stake in shares of BlackRock during the 4th quarter worth about $39,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 430 shares of BlackRock stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $949.37, for a total transaction of $408,229.10. Following the completion of the sale, the director now directly owns 3,720 shares in the company, valued at $3,531,656.40. This trade represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 20,430 shares of company stock worth $21,234,629. 0.90% of the stock is currently owned by company insiders.

BlackRock Price Performance

BLK stock opened at $875.86 on Friday. The business has a 50 day simple moving average of $930.31 and a 200-day simple moving average of $985.45. The firm has a market capitalization of $135.98 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. 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 1 year low of $745.55 and a 1 year high of $1,084.22.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.84 by $0.46. The firm had revenue of $5.28 billion during the quarter, compared to analyst estimates of $5.47 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. BlackRock’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $9.81 earnings per share. Equities research analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were given a $5.21 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a yield of 2.38%. This is an increase from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s payout ratio is currently 50.63%.

Wall Street Analysts Forecast Growth

BLK has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on BlackRock from $1,065.00 to $1,035.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Barclays increased their target price on BlackRock from $950.00 to $990.00 and gave the company an “overweight” rating in a research report on Monday, April 14th. StockNews.com began coverage on shares of BlackRock in a report on Monday, April 14th. They issued a “hold” rating for the company. Bank of America dropped their target price on shares of BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Finally, UBS Group reduced their price target on shares of BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,077.08.

BlackRock Company 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.