BlackRock, Inc. (BLK) Position Boosted by Rational Advisors LLC

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Rational Advisors LLC increased its holdings in BlackRock, Inc. (NYSE:BLK) by 260.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 90 shares of the asset manager’s stock after purchasing an additional 65 shares during the quarter. Rational Advisors LLC’s holdings in BlackRock were worth $38,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the stock. Norges Bank bought a new position in BlackRock during the 4th quarter valued at $1,092,934,000. Northern Trust Corp boosted its stake in BlackRock by 0.9% during the 4th quarter. Northern Trust Corp now owns 1,666,574 shares of the asset manager’s stock valued at $654,663,000 after purchasing an additional 14,587 shares in the last quarter. Geode Capital Management LLC boosted its stake in BlackRock by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 1,443,990 shares of the asset manager’s stock valued at $566,150,000 after purchasing an additional 60,941 shares in the last quarter. Pennsylvania Trust Co boosted its stake in BlackRock by 5,049.8% during the 1st quarter. Pennsylvania Trust Co now owns 1,084,132 shares of the asset manager’s stock valued at $44,805,000 after purchasing an additional 1,063,080 shares in the last quarter. Finally, Flossbach Von Storch AG boosted its stake in BlackRock by 9.5% during the 1st quarter. Flossbach Von Storch AG now owns 638,366 shares of the asset manager’s stock valued at $272,818,000 after purchasing an additional 55,623 shares in the last quarter. 81.38% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on BLK shares. Wells Fargo & Co increased their price target on BlackRock from $460.00 to $480.00 and gave the company an “average” rating in a research note on Wednesday, April 17th. Citigroup increased their price target on BlackRock from $450.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Zacks Investment Research raised BlackRock from a “hold” rating to a “buy” rating and set a $491.00 price target for the company in a research note on Tuesday, April 2nd. Morgan Stanley set a $515.00 price target on BlackRock and gave the company a “buy” rating in a research note on Friday, February 8th. Finally, Jefferies Financial Group raised BlackRock from a “hold” rating to a “buy” rating and set a $405.36 price target for the company in a research note on Tuesday, January 29th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $509.38.

In other news, insider Jeff A. Smith sold 75 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $479.40, for a total transaction of $35,955.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Laurence Fink sold 31,250 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $481.79, for a total value of $15,055,937.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,658 shares of company stock valued at $18,864,994. Corporate insiders own 1.42% of the company’s stock.

BLK opened at $435.76 on Monday. The firm has a market cap of $67.33 billion, a PE ratio of 16.18, a P/E/G ratio of 1.57 and a beta of 1.44. The company has a debt-to-equity ratio of 0.83, a current ratio of 3.49 and a quick ratio of 3.49. BlackRock, Inc. has a fifty-two week low of $360.79 and a fifty-two week high of $557.00.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Tuesday, April 16th. The asset manager reported $6.61 earnings per share for the quarter, topping the consensus estimate of $6.13 by $0.48. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.30 billion. BlackRock had a return on equity of 13.46% and a net margin of 30.58%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period last year, the company posted $6.48 EPS. Equities research analysts forecast that BlackRock, Inc. will post 27.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Wednesday, June 5th. BlackRock’s dividend payout ratio is presently 49.02%.

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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.

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Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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