Dunhill Financial LLC Has $171,000 Holdings in BlackRock, Inc. (NYSE:BLK)

Dunhill Financial LLC boosted its position in shares of BlackRock, Inc. (NYSE:BLK) by 56.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 166 shares of the asset manager’s stock after purchasing an additional 60 shares during the period. Dunhill Financial LLC’s holdings in BlackRock were worth $171,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. IAG Wealth Partners LLC acquired a new position in BlackRock in the 4th quarter valued at approximately $26,000. Collier Financial acquired a new position in shares of BlackRock in the fourth quarter worth $32,000. Compass Planning Associates Inc purchased a new stake in shares of BlackRock during the fourth quarter worth $33,000. Atwood & Palmer Inc. acquired a new stake in BlackRock during the fourth quarter valued at $36,000. Finally, West Financial Advisors LLC purchased a new position in BlackRock in the fourth quarter valued at about $39,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director J. Richard Kushel sold 2,000 shares of BlackRock stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders sold 12,430 shares of company stock valued at $11,237,249. Insiders own 1.98% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BLK shares. Bank of America reduced their price target on BlackRock from $1,196.00 to $1,178.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. Citigroup decreased their target price on shares of BlackRock from $1,200.00 to $1,100.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Wells Fargo & Company reduced their price objective on shares of BlackRock from $1,065.00 to $1,035.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Keefe, Bruyette & Woods lowered their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,077.08.

BlackRock Stock Performance

BLK opened at $915.78 on Wednesday. BlackRock, Inc. has a 12-month low of $752.30 and a 12-month high of $1,084.22. The firm has a market capitalization of $142.18 billion, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 1.90 and a beta of 1.41. The stock’s 50 day moving average price is $915.48 and its two-hundred day moving average price is $979.95. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45.

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

About BlackRock

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.