Point72 Hong Kong Ltd bought a new stake in BlackRock, Inc. (NYSE:BLK) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 745 shares of the asset manager’s stock, valued at approximately $375,000.

Several other institutional investors have also made changes to their positions in the company. Loomis Sayles & Co. L P raised its stake in shares of BlackRock by 11.8% in the 4th quarter. Loomis Sayles & Co. L P now owns 171 shares of the asset manager’s stock valued at $86,000 after acquiring an additional 18 shares in the last quarter. Seelaus Asset Management LLC increased its position in shares of BlackRock by 3.8% during the fourth quarter. Seelaus Asset Management LLC now owns 545 shares of the asset manager’s stock valued at $274,000 after acquiring an additional 20 shares during the last quarter. Adirondack Trust Co. increased its position in shares of BlackRock by 2.4% during the fourth quarter. Adirondack Trust Co. now owns 847 shares of the asset manager’s stock valued at $447,000 after acquiring an additional 20 shares during the last quarter. Atlas Brown Inc. increased its position in shares of BlackRock by 3.6% during the fourth quarter. Atlas Brown Inc. now owns 607 shares of the asset manager’s stock valued at $305,000 after acquiring an additional 21 shares during the last quarter. Finally, FinTrust Capital Advisors LLC increased its position in shares of BlackRock by 26.6% during the fourth quarter. FinTrust Capital Advisors LLC now owns 100 shares of the asset manager’s stock valued at $50,000 after acquiring an additional 21 shares during the last quarter. 83.16% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have weighed in on BLK. JPMorgan Chase & Co. dropped their price target on shares of BlackRock from to in a research report on Monday, March 16th. Citigroup dropped their price target on shares of BlackRock from $600.00 to $510.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Morgan Stanley dropped their price target on shares of BlackRock from $621.00 to $582.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Wells Fargo & Co dropped their price target on shares of BlackRock from $590.00 to $490.00 and set an “overweight” rating for the company in a research report on Monday, March 16th. Finally, Deutsche Bank dropped their price target on shares of BlackRock from $516.00 to $463.00 and set a “hold” rating for the company in a research report on Wednesday, March 18th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. BlackRock currently has an average rating of “Buy” and a consensus target price of $505.08.

Shares of BLK stock traded up $29.68 during trading on Wednesday, reaching $401.38. The company’s stock had a trading volume of 1,950,282 shares, compared to its average volume of 944,849. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.48 and a quick ratio of 2.48. The company has a market capitalization of $50.69 billion, a price-to-earnings ratio of 14.10, a P/E/G ratio of 0.97 and a beta of 1.51. The stock’s 50-day moving average price is $482.45 and its 200 day moving average price is $480.76. BlackRock, Inc. has a 1-year low of $323.98 and a 1-year high of $576.81.

BlackRock (NYSE:BLK) last posted its earnings results on Wednesday, January 15th. The asset manager reported $8.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.69 by $0.65. BlackRock had a return on equity of 13.86% and a net margin of 30.79%. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period last year, the business posted $6.08 earnings per share. The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. On average, sell-side analysts anticipate that BlackRock, Inc. will post 28.83 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Thursday, March 5th were given a dividend of $3.63 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This is a positive change from BlackRock’s previous quarterly dividend of $3.30. This represents a $14.52 dividend on an annualized basis and a yield of 3.62%. BlackRock’s dividend payout ratio (DPR) is presently 50.98%.

In other news, insider Marc D. Comerchero sold 600 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $553.01, for a total transaction of $331,806.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gary Shedlin sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $571.49, for a total value of $2,285,960.00. The disclosure for this sale can be found here. Insiders have sold a total of 110,381 shares of company stock valued at $60,691,912 over the last 90 days. Corporate insiders own 1.42% of the company’s stock.

BlackRock 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.

Further Reading: What are the Different Types of Leveraged Buyouts?

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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