BlackRock, Inc. (NYSE:BLK) Shares Purchased by New Century Financial Group LLC

New Century Financial Group LLC raised its stake in BlackRock, Inc. (NYSE:BLK) by 245.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 901 shares of the asset manager’s stock after buying an additional 640 shares during the quarter. New Century Financial Group LLC’s holdings in BlackRock were worth $709,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in BlackRock by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 13,182,262 shares of the asset manager’s stock valued at $10,990,052,000 after purchasing an additional 292,017 shares during the period. Capital Research Global Investors raised its holdings in shares of BlackRock by 11.1% during the first quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock valued at $3,630,127,000 after buying an additional 435,358 shares during the last quarter. Capital World Investors boosted its position in shares of BlackRock by 57.3% during the fourth quarter. Capital World Investors now owns 3,514,999 shares of the asset manager’s stock worth $2,853,517,000 after buying an additional 1,279,952 shares during the period. Capital International Investors grew its holdings in BlackRock by 2.4% in the 4th quarter. Capital International Investors now owns 2,471,621 shares of the asset manager’s stock worth $2,006,490,000 after buying an additional 58,681 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in BlackRock by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 2,015,337 shares of the asset manager’s stock valued at $1,636,052,000 after acquiring an additional 47,128 shares during the period. Institutional investors own 80.69% of the company’s stock.

BlackRock Trading Up 0.5 %

Shares of NYSE BLK opened at $949.50 on Tuesday. The business has a fifty day simple moving average of $881.47 and a 200-day simple moving average of $822.72. The company has a market cap of $141.10 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.05 and a beta of 1.30. BlackRock, Inc. has a 12 month low of $596.18 and a 12 month high of $952.75. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last announced its earnings results on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, topping the consensus estimate of $9.96 by $0.40. BlackRock had a net margin of 32.36% and a return on equity of 15.44%. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same period last year, the company posted $9.28 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts predict that BlackRock, Inc. will post 41.37 EPS for the current year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 9th were given a dividend of $5.10 per share. This represents a $20.40 annualized dividend and a yield of 2.15%. The ex-dividend date was Monday, September 9th. BlackRock’s payout ratio is 51.84%.

Insider Buying and Selling at BlackRock

In other news, Director Mark Wiedman sold 27,000 shares of BlackRock stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total transaction of $22,529,340.00. Following the transaction, the director now owns 6,480 shares in the company, valued at $5,407,041.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Mark Wiedman sold 27,000 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $834.42, for a total value of $22,529,340.00. Following the completion of the sale, the director now directly owns 6,480 shares of the company’s stock, valued at $5,407,041.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pamela Daley sold 1,531 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $842.08, for a total transaction of $1,289,224.48. Following the transaction, the director now directly owns 5,732 shares in the company, valued at $4,826,802.56. The disclosure for this sale can be found here. Insiders have sold a total of 93,042 shares of company stock valued at $79,387,117 in the last three months. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays increased their price target on BlackRock from $985.00 to $990.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. StockNews.com started coverage on shares of BlackRock in a research note on Thursday, September 26th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods boosted their price target on shares of BlackRock from $915.00 to $934.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Argus increased their price objective on shares of BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Finally, UBS Group dropped their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating on the stock in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, BlackRock currently has a consensus rating of “Moderate Buy” and a consensus target price of $902.13.

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.