Trust Co. of Oklahoma Has $2.09 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Trust Co. of Oklahoma boosted its position in shares of BlackRock, Inc. (NYSE:BLK) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,037 shares of the asset manager’s stock after purchasing an additional 88 shares during the period. Trust Co. of Oklahoma’s holdings in BlackRock were worth $2,088,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC lifted its holdings in shares of BlackRock by 89,389.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after buying an additional 1,044,962 shares during the last quarter. International Assets Investment Management LLC raised its position in BlackRock by 104,468.9% during the third quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock valued at $7,526,120,000 after acquiring an additional 791,874 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in BlackRock in the fourth quarter valued at approximately $330,662,000. FMR LLC grew its position in BlackRock by 10.6% in the third quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock worth $2,244,608,000 after acquiring an additional 226,135 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of BlackRock during the 3rd quarter worth $115,377,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Stock Down 0.5 %

BLK stock opened at $1,006.61 on Thursday. The business’s 50-day simple moving average is $1,025.37 and its 200 day simple moving average is $951.85. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The company has a market cap of $155.90 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,082.45.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. BlackRock’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the business posted $9.66 earnings per share. On average, research analysts anticipate that BlackRock, Inc. will post 47.43 earnings per share for the current year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were issued a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Thursday, December 5th. BlackRock’s payout ratio is 48.57%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BLK shares. StockNews.com started coverage on shares of BlackRock in a research note on Thursday, January 16th. They issued a “hold” rating for the company. Wells Fargo & Company boosted their price target on BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group raised their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley increased their price target on BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Barclays decreased their price objective on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,120.67.

Insider Activity

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of BlackRock stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the completion of the transaction, the chief operating officer now directly owns 41,916 shares of the company’s stock, valued at approximately $43,845,393.48. This trade represents a 56.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the completion of the sale, the director now owns 6,480 shares in the company, valued at $6,777,432. This represents a 84.81 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

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.