BlackRock, Inc. (NYSE:BLK) Stake Lifted by McKinley Carter Wealth Services Inc.

McKinley Carter Wealth Services Inc. increased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 6.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 423 shares of the asset manager’s stock after buying an additional 24 shares during the quarter. McKinley Carter Wealth Services Inc.’s holdings in BlackRock were worth $400,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BLK. Farmers & Merchants Trust Co of Chambersburg PA raised its position in BlackRock by 0.8% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager’s stock valued at $1,311,000 after purchasing an additional 10 shares during the last quarter. Legacy Capital Group California Inc. grew its stake in shares of BlackRock by 2.8% during the fourth quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock worth $377,000 after purchasing an additional 10 shares during the period. Mascoma Wealth Management LLC grew its stake in shares of BlackRock by 9.5% during the fourth quarter. Mascoma Wealth Management LLC now owns 127 shares of the asset manager’s stock worth $130,000 after purchasing an additional 11 shares during the period. Hazlett Burt & Watson Inc. grew its stake in shares of BlackRock by 2.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 534 shares of the asset manager’s stock worth $542,000 after purchasing an additional 11 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of BlackRock by 4.5% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 257 shares of the asset manager’s stock worth $263,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

BLK has been the subject of a number of research analyst reports. Wall Street Zen raised BlackRock to a “hold” rating in a research note on Saturday, May 24th. UBS Group dropped their target price on BlackRock from $1,045.00 to $1,010.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Morgan Stanley dropped their target price on BlackRock from $1,275.00 to $1,124.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. TD Cowen dropped their price objective on BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Finally, JPMorgan Chase & Co. decreased their target price on BlackRock from $1,046.00 to $988.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,082.46.

BlackRock Trading Up 0.1%

Shares of NYSE:BLK opened at $993.30 on Thursday. The company has a market capitalization of $153.89 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.90 and a beta of 1.41. BlackRock, Inc. has a 1 year low of $758.20 and a 1 year high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The business’s 50 day simple moving average is $931.30 and its 200 day simple moving average is $972.72.

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

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, June 5th will be paid a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, June 5th. BlackRock’s payout ratio is 50.63%.

Insider Activity

In related news, Director J. Richard Kushel sold 2,000 shares of the firm’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $852.01, for a total transaction of $1,704,020.00. Following the completion of the transaction, the director now directly owns 66,034 shares of the company’s stock, valued at $56,261,628.34. This trade represents a 2.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.98% of the stock is owned by corporate insiders.

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.