Bryn Mawr Capital Management LLC Raises Stock Position in BlackRock, Inc. (NYSE:BLK)

Bryn Mawr Capital Management LLC lifted its position in BlackRock, Inc. (NYSE:BLK) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,310 shares of the asset manager’s stock after purchasing an additional 2,569 shares during the period. Bryn Mawr Capital Management LLC’s holdings in BlackRock were worth $13,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in shares of BlackRock in the 3rd quarter valued at about $26,000. Collier Financial bought a new stake in BlackRock during the 4th quarter valued at $32,000. Atwood & Palmer Inc. bought a new position in shares of BlackRock in the 4th quarter worth $36,000. Reston Wealth Management LLC purchased a new stake in shares of BlackRock during the 3rd quarter worth $37,000. Finally, MFA Wealth Advisors LLC boosted its position in BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Insider Activity

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total value 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. The trade was a 56.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the sale, the director now directly owns 68,433 shares in the company, valued at $69,117,330. The trade was a 12.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,190 shares of company stock valued at $115,163,141 in the last quarter. 0.90% of the stock is currently owned by company insiders.

BlackRock Trading Up 0.9 %

BlackRock stock opened at $987.08 on Thursday. The stock has a 50-day moving average price of $1,014.60 and a 200 day moving average price of $975.94. The company has a market capitalization of $152.88 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,084.22. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, beating the consensus estimate of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the previous year, the business posted $9.66 EPS. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. Sell-side analysts anticipate that BlackRock, Inc. will post 47.44 EPS for the current year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a dividend of $5.21 per share. The ex-dividend date is Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is presently 48.57%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Morgan Stanley raised their target price on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. StockNews.com assumed coverage on BlackRock in a research report on Monday. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Finally, Evercore ISI upped their target price on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

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.