SeaCrest Wealth Management LLC purchased a new stake in BlackRock, Inc. (NYSE:BLK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 512 shares of the asset manager’s stock, valued at approximately $263,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Stifel Financial Corp boosted its holdings in BlackRock by 2,450.2% during the third quarter. Stifel Financial Corp now owns 181,678 shares of the asset manager’s stock worth $81,105,000 after buying an additional 174,554 shares during the last quarter. PGGM Investments bought a new position in BlackRock during the third quarter worth about $54,175,000. Janus Henderson Group PLC boosted its holdings in BlackRock by 566.3% during the second quarter. Janus Henderson Group PLC now owns 108,251 shares of the asset manager’s stock worth $45,730,000 after buying an additional 92,004 shares during the last quarter. Atlantic Trust Group LLC boosted its holdings in BlackRock by 24.1% during the third quarter. Atlantic Trust Group LLC now owns 372,168 shares of the asset manager’s stock worth $166,393,000 after buying an additional 72,186 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in BlackRock by 49.5% during the third quarter. American Century Companies Inc. now owns 178,241 shares of the asset manager’s stock worth $79,690,000 after buying an additional 59,001 shares during the last quarter. Institutional investors and hedge funds own 83.27% of the company’s stock.

In other news, Director Susan Wagner sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the sale, the director now owns 481,915 shares of the company’s stock, valued at $243,897,181.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jeff A. Smith sold 1,250 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $536.57, for a total value of $670,712.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,775 shares of company stock worth $2,983,400. 1.86% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded BlackRock from a “hold” rating to a “strong-buy” rating and set a $614.00 target price on the stock in a report on Thursday, January 11th. Jefferies Group raised their target price on BlackRock to $565.00 and gave the stock a “hold” rating in a report on Monday, January 15th. Citigroup raised their target price on BlackRock to $625.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Wells Fargo & Co restated a “market perform” rating and set a $555.00 target price (up previously from $535.00) on shares of BlackRock in a report on Tuesday, January 16th. Finally, Credit Suisse Group restated a “buy” rating and set a $680.00 target price on shares of BlackRock in a report on Friday, January 12th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $547.92.

Shares of BlackRock, Inc. (BLK) opened at $521.51 on Friday. The company has a market capitalization of $83,987.10, a PE ratio of 23.02, a PEG ratio of 1.40 and a beta of 1.76. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 1.09. BlackRock, Inc. has a 1 year low of $368.00 and a 1 year high of $594.52.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, January 12th. The asset manager reported $6.24 EPS for the quarter, topping the Zacks’ consensus estimate of $5.94 by $0.30. The company had revenue of $3.47 billion for 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 revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the firm posted $5.14 earnings per share. research analysts forecast that BlackRock, Inc. will post 28.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Wednesday, March 7th will be given a dividend of $2.88 per share. The ex-dividend date is Tuesday, March 6th. This represents a $11.52 dividend on an annualized basis and a dividend yield of 2.21%. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. BlackRock’s dividend payout ratio (DPR) is currently 33.00%.

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BlackRock Profile

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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