BlackRock, Inc. (NYSE:BLK) Shares Sold by Cape ANN Savings Bank

Cape ANN Savings Bank reduced its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,780 shares of the asset manager’s stock after selling 43 shares during the quarter. BlackRock comprises approximately 1.4% of Cape ANN Savings Bank’s portfolio, making the stock its 18th largest holding. Cape ANN Savings Bank’s holdings in BlackRock were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. MONECO Advisors LLC acquired a new position in BlackRock in the fourth quarter valued at $203,000. Sivia Capital Partners LLC acquired a new position in BlackRock in the fourth quarter valued at $304,000. Rovin Capital UT ADV increased its stake in shares of BlackRock by 10.0% during the fourth quarter. Rovin Capital UT ADV now owns 474 shares of the asset manager’s stock worth $385,000 after acquiring an additional 43 shares during the period. Spartan Planning & Wealth Management acquired a new position in shares of BlackRock during the fourth quarter worth about $262,000. Finally, SageView Advisory Group LLC acquired a new position in shares of BlackRock during the fourth quarter worth about $1,560,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BlackRock

In other news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $807.29, for a total value of $25,008,229.62. Following the completion of the transaction, the chief executive officer now owns 383,168 shares of the company’s stock, valued at $309,327,694.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Laurence Fink sold 30,978 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $807.29, for a total value of $25,008,229.62. Following the completion of the transaction, the chief executive officer now owns 383,168 shares of the company’s stock, valued at $309,327,694.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark Wiedman sold 9,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $795.00, for a total transaction of $7,155,000.00. Following the completion of the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,151,600. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

BlackRock Price Performance

BLK stock traded up $11.75 during trading on Monday, reaching $781.08. 517,673 shares of the company were exchanged, compared to its average volume of 609,039. BlackRock, Inc. has a 52-week low of $596.18 and a 52-week high of $845.00. The company has a market cap of $116.07 billion, a P/E ratio of 19.85, a PEG ratio of 1.59 and a beta of 1.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 5.32 and a current ratio of 5.32. The stock’s 50 day moving average price is $775.55 and its 200 day moving average price is $790.91.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.42 by $0.39. BlackRock had a net margin of 32.26% and a return on equity of 15.24%. The company had revenue of $4.73 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the prior year, the firm earned $7.93 earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, analysts predict that BlackRock, Inc. will post 41.25 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be issued a $5.10 dividend. This represents a $20.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, June 7th. BlackRock’s dividend payout ratio (DPR) is presently 51.84%.

Wall Street Analyst Weigh In

BLK has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $930.00 price target (up from $918.00) on shares of BlackRock in a research note on Friday, April 5th. JPMorgan Chase & Co. boosted their price target on shares of BlackRock from $742.00 to $767.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Finally, UBS Group boosted their price target on shares of BlackRock from $818.00 to $850.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $845.42.

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.