Neville Rodie & Shaw Inc. Boosts Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Neville Rodie & Shaw Inc. boosted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 58.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 823 shares of the asset manager’s stock after acquiring an additional 305 shares during the period. Neville Rodie & Shaw Inc.’s holdings in BlackRock were worth $844,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BLK. Marino Stram & Associates LLC lifted its holdings in shares of BlackRock by 0.3% in the 3rd quarter. Marino Stram & Associates LLC now owns 3,399 shares of the asset manager’s stock worth $3,227,000 after acquiring an additional 10 shares during the last quarter. Fidelity D & D Bancorp Inc. boosted its position in BlackRock by 3.7% in the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager’s stock valued at $263,000 after buying an additional 10 shares during the period. Onyx Bridge Wealth Group LLC boosted its position in BlackRock by 3.5% in the 3rd quarter. Onyx Bridge Wealth Group LLC now owns 328 shares of the asset manager’s stock valued at $312,000 after buying an additional 11 shares during the period. Ballentine Partners LLC boosted its position in BlackRock by 0.3% in the 3rd quarter. Ballentine Partners LLC now owns 3,424 shares of the asset manager’s stock valued at $3,251,000 after buying an additional 11 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in BlackRock by 0.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,979 shares of the asset manager’s stock valued at $2,829,000 after buying an additional 11 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BLK. Deutsche Bank Aktiengesellschaft upped their price target on shares of BlackRock from $1,105.00 to $1,133.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. StockNews.com initiated coverage on shares of BlackRock in a research note on Tuesday, December 31st. They set a “hold” rating for the company. Barclays boosted their price objective on shares of BlackRock from $1,120.00 to $1,220.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Wells Fargo & Company upped their price target on shares of BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, TD Cowen upped their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,063.00.

BlackRock Price Performance

Shares of NYSE BLK traded up $1.33 during mid-day trading on Monday, reaching $1,022.16. The company’s stock had a trading volume of 152,299 shares, compared to its average volume of 402,551. The stock has a 50-day moving average of $1,030.95 and a two-hundred day moving average of $934.54. The stock has a market capitalization of $158.31 billion, a P/E ratio of 25.23, a P/E/G ratio of 1.92 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. BlackRock, Inc. has a 1-year low of $745.55 and a 1-year high of $1,082.45.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. During the same period last year, the business earned $10.91 earnings per share. BlackRock’s revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts anticipate that BlackRock, Inc. will post 43.18 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were paid a $5.10 dividend. This represents a $20.40 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Thursday, December 5th. BlackRock’s payout ratio is 50.35%.

Insider Activity

In related news, COO Robert L. Goldstein sold 54,000 shares of BlackRock stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 41,916 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the business’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 sale, the director now owns 6,480 shares of the company’s stock, valued at $6,777,432. This represents a 84.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

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.