Robeco Institutional Asset Management B.V. Has $35.18 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Robeco Institutional Asset Management B.V. grew its position in BlackRock, Inc. (NYSE:BLK) by 9.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,320 shares of the asset manager’s stock after purchasing an additional 3,104 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in BlackRock were worth $35,182,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC bought a new stake in shares of BlackRock during the fourth quarter worth $208,000. Signature Wealth Management Partners LLC bought a new stake in BlackRock during the 4th quarter worth about $460,000. BSW Wealth Partners raised its stake in shares of BlackRock by 6.0% during the fourth quarter. BSW Wealth Partners now owns 231 shares of the asset manager’s stock worth $237,000 after buying an additional 13 shares during the last quarter. Prospect Financial Services LLC acquired a new position in shares of BlackRock in the 4th quarter valued at $501,000. Finally, Proathlete Wealth Management LLC acquired a new position in BlackRock in the fourth quarter valued at about $213,000. 80.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

BLK has been the subject of several recent analyst reports. Morgan Stanley increased their price target on BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Barclays decreased their price target on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Keefe, Bruyette & Woods lowered their price target on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group increased their price target on shares of BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,120.67.

Insider Activity at BlackRock

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the completion of the sale, the chief operating officer now directly owns 41,916 shares of the company’s stock, valued at $43,845,393.48. The trade was a 56.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was 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 directly owns 6,480 shares of the company’s stock, valued at $6,777,432. The trade was a 84.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,190 shares of company stock valued at $104,436,741. 0.90% of the stock is owned by corporate insiders.

BlackRock Trading Up 1.7 %

NYSE:BLK opened at $1,070.81 on Friday. The stock has a market cap of $165.85 billion, a price-to-earnings ratio of 25.50, a P/E/G ratio of 1.82 and a beta of 1.28. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $1,024.87 and a 200-day moving average price of $959.65. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,082.45.

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

BlackRock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be given a dividend of $5.21 per share. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 1.95%. BlackRock’s dividend payout ratio (DPR) is presently 48.57%.

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.