Prudent Man Investment Management Inc. Acquires Shares of 42 BlackRock, Inc. (NYSE:BLK)

Prudent Man Investment Management Inc. bought a new stake in BlackRock, Inc. (NYSE:BLK) during the 4th quarter, Holdings Channel reports. The firm bought 42 shares of the asset manager’s stock, valued at approximately $43,000.

Other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC purchased a new position in BlackRock in the 3rd quarter valued at $26,000. IAG Wealth Partners LLC purchased a new stake in shares of BlackRock in the fourth quarter valued at about $26,000. Collier Financial acquired a new position in shares of BlackRock during the fourth quarter worth about $32,000. Compass Planning Associates Inc purchased a new position in BlackRock during the fourth quarter worth about $33,000. Finally, Atwood & Palmer Inc. acquired a new stake in BlackRock in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the transaction, the director now owns 68,433 shares of the company’s stock, valued at $69,117,330. This represents a 12.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 20,430 shares of company stock worth $21,234,629. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BLK. Barclays cut their target price on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price objective on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. StockNews.com started coverage on shares of BlackRock in a research report on Saturday. They set a “hold” rating on the stock. Morgan Stanley raised their price objective on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Finally, Wells Fargo & Company increased their target price on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and an average price target of $1,120.67.

BlackRock Price Performance

Shares of NYSE:BLK opened at $947.48 on Monday. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,084.22. The stock has a market cap of $147.10 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.90 and a beta of 1.28. The business’s fifty day moving average price is $978.66 and its two-hundred day moving average price is $992.24. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the business posted $9.66 EPS. On average, analysts forecast that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were paid a dividend of $5.21 per share. This is an increase from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend was Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.20%. BlackRock’s dividend payout ratio is presently 49.62%.

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.