GRATRY & Co LLC purchased a new position in shares of BlackRock, Inc. (NYSE:BLK) during the fourth quarter, HoldingsChannel reports. The firm purchased 782 shares of the asset manager’s stock, valued at approximately $402,000.

Other hedge funds have also recently bought and sold shares of the company. QS Investors LLC increased its holdings in BlackRock by 13.9% during the 2nd quarter. QS Investors LLC now owns 2,477 shares of the asset manager’s stock worth $1,046,000 after purchasing an additional 302 shares in the last quarter. Flinton Capital Management LLC increased its holdings in BlackRock by 10.8% during the 2nd quarter. Flinton Capital Management LLC now owns 1,472 shares of the asset manager’s stock worth $622,000 after purchasing an additional 144 shares in the last quarter. Janus Henderson Group PLC increased its holdings in BlackRock by 566.3% during the 2nd quarter. Janus Henderson Group PLC now owns 108,251 shares of the asset manager’s stock worth $45,730,000 after purchasing an additional 92,004 shares in the last quarter. Colonial Trust Advisors increased its holdings in BlackRock by 22.3% during the 2nd quarter. Colonial Trust Advisors now owns 1,284 shares of the asset manager’s stock worth $542,000 after purchasing an additional 234 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new stake in BlackRock during the 2nd quarter worth approximately $779,000. 83.27% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Deryck C. Maughan acquired 3,861 shares of BlackRock stock in a transaction on Wednesday, January 17th. The stock was acquired at an average cost of $573.44 per share, with a total value of $2,214,051.84. Following the completion of the acquisition, the director now owns 12,265 shares in the company, valued at $7,033,241.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Wagner sold 4,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $506.10, for a total value of $2,024,400.00. Following the transaction, the director now directly owns 481,915 shares of the company’s stock, valued at $243,897,181.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,525 shares of company stock valued at $2,312,687. 1.86% of the stock is owned by corporate insiders.

BLK has been the subject of a number of recent research reports. Barclays boosted their price objective on BlackRock from $475.00 to $500.00 and gave the stock an “overweight” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $500.00 target price on shares of BlackRock in a report on Thursday, October 12th. Jefferies Group reaffirmed a “hold” rating and issued a $465.00 target price on shares of BlackRock in a report on Thursday, October 12th. Credit Suisse Group reaffirmed an “outperform” rating on shares of BlackRock in a report on Thursday, October 12th. Finally, JPMorgan Chase & Co. upped their target price on BlackRock to $558.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $547.92.

BlackRock, Inc. (NYSE:BLK) opened at $535.22 on Wednesday. The stock has a market capitalization of $84,544.32, a P/E ratio of 17.66, a PEG ratio of 1.41 and a beta of 1.76. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 1.09. BlackRock, Inc. has a twelve month low of $368.00 and a twelve month high of $594.52.

BlackRock (NYSE:BLK) last released its earnings results on Friday, January 12th. The asset manager reported $6.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.94 by $0.30. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. BlackRock’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the company posted $5.14 earnings per share. analysts anticipate that BlackRock, Inc. will post 28.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Wednesday, March 7th will be issued a dividend of $2.88 per share. This represents a $11.52 annualized dividend and a yield of 2.15%. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. The ex-dividend date of this dividend is Tuesday, March 6th. BlackRock’s dividend payout ratio is 33.00%.

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About BlackRock

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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