BlackRock, Inc. (NYSE:BLK) Stock Holdings Boosted by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its position in shares of BlackRock, Inc. (NYSE:BLK) by 4.2% in the 4th quarter, Holdings Channel reports. The fund owned 7,535 shares of the asset manager’s stock after buying an additional 306 shares during the period. Coldstream Capital Management Inc.’s holdings in BlackRock were worth $6,117,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new position in BlackRock in the 4th quarter valued at about $27,000. Private Wealth Management Group LLC bought a new position in BlackRock in the 4th quarter valued at about $28,000. LFA Lugano Financial Advisors SA grew its position in BlackRock by 208.3% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 37 shares of the asset manager’s stock valued at $30,000 after buying an additional 25 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in BlackRock in the 4th quarter valued at about $32,000. Finally, Knuff & Co LLC grew its position in BlackRock by 48.1% in the 4th quarter. Knuff & Co LLC now owns 40 shares of the asset manager’s stock valued at $32,000 after buying an additional 13 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock Price Performance

BLK stock opened at $804.64 on Tuesday. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.35. BlackRock, Inc. has a one year low of $596.18 and a one year high of $845.00. The firm has a market capitalization of $119.57 billion, a PE ratio of 20.45, a P/E/G ratio of 1.68 and a beta of 1.37. The firm has a 50-day moving average of $791.89 and a two-hundred day moving average of $780.35.

BlackRock (NYSE:BLK) last issued its earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.65 billion. BlackRock had a return on equity of 15.24% and a net margin of 32.26%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.93 EPS. On average, analysts forecast that BlackRock, Inc. will post 41.31 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, June 7th will be issued a $5.10 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.54%. BlackRock’s dividend payout ratio is 51.84%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on BLK shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $930.00 target price (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Morgan Stanley upped their price target on shares of BlackRock from $1,013.00 to $1,025.00 and gave the company an “overweight” rating in a report on Monday, April 15th. UBS Group upped their price target on shares of BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and a consensus price target of $845.42.

Insider Activity

In other news, Director Mark Wiedman sold 9,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $795.00, for a total value of $7,155,000.00. Following the transaction, the director now owns 6,480 shares in the company, valued at approximately $5,151,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mark Wiedman sold 9,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $795.00, for a total value of $7,155,000.00. Following the transaction, the director now owns 6,480 shares in the company, valued at $5,151,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rachel Lord sold 36,059 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $818.06, for a total value of $29,498,425.54. Following the completion of the transaction, the director now owns 17,004 shares in the company, valued at approximately $13,910,292.24. The disclosure for this sale can be found here. Insiders have sold 76,037 shares of company stock worth $61,743,127 in the last 90 days. Company insiders own 0.90% of the company’s stock.

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.