O Keefe Stevens Advisory Inc. Acquires 174 Shares of BlackRock, Inc. (NYSE:BLK)

O Keefe Stevens Advisory Inc. lifted its stake in BlackRock, Inc. (NYSE:BLK) by 38.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 630 shares of the asset manager’s stock after purchasing an additional 174 shares during the period. O Keefe Stevens Advisory Inc.’s holdings in BlackRock were worth $598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BLK. XML Financial LLC raised its position in shares of BlackRock by 15.4% in the 4th quarter. XML Financial LLC now owns 411 shares of the asset manager’s stock valued at $333,000 after acquiring an additional 55 shares during the period. Greystone Financial Group LLC bought a new position in shares of BlackRock during the fourth quarter worth $231,000. Ethic Inc. grew its holdings in shares of BlackRock by 7.5% in the 4th quarter. Ethic Inc. now owns 7,044 shares of the asset manager’s stock valued at $5,719,000 after buying an additional 492 shares during the period. First Financial Bankshares Inc bought a new stake in shares of BlackRock in the 4th quarter valued at $52,136,000. Finally, RMB Capital Management LLC raised its stake in BlackRock by 16.3% during the 4th quarter. RMB Capital Management LLC now owns 11,762 shares of the asset manager’s stock worth $9,549,000 after buying an additional 1,649 shares during the period. Institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BLK. Citigroup boosted their target price on BlackRock from $920.00 to $930.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. UBS Group lowered their target price on BlackRock from $842.00 to $837.00 and set a “neutral” rating for the company in a research note on Wednesday, July 10th. Morgan Stanley lifted their price target on shares of BlackRock from $1,036.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com began coverage on shares of BlackRock in a research report on Friday, October 4th. They set a “hold” rating for the company. Finally, Wells Fargo & Company initiated coverage on shares of BlackRock in a report on Thursday, September 12th. They set an “overweight” rating and a $1,000.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and an average price target of $943.93.

Insider Buying and Selling

In other BlackRock news, Director Mark Wiedman sold 27,000 shares of the stock in a transaction 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 owns 6,480 shares in the company, valued at $5,407,041.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other BlackRock news, Director Mark Wiedman sold 27,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $834.42, for a total value of $22,529,340.00. Following the sale, the director now owns 6,480 shares in the company, valued at $5,407,041.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Pamela Daley sold 1,531 shares of BlackRock stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $842.08, for a total value of $1,289,224.48. Following the transaction, the director now owns 5,732 shares of the company’s stock, valued at $4,826,802.56. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,042 shares of company stock worth $79,387,117. Insiders own 0.90% of the company’s stock.

BlackRock Trading Up 0.9 %

Shares of NYSE:BLK opened at $949.07 on Wednesday. The stock has a market capitalization of $141.03 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30. The company’s 50-day moving average price is $891.57 and its two-hundred day moving average price is $827.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. BlackRock, Inc. has a one year low of $596.18 and a one year high of $960.74.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Monday, July 15th. The asset manager reported $10.36 EPS for the quarter, beating the consensus estimate of $9.96 by $0.40. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.85 billion. BlackRock had a return on equity of 15.44% and a net margin of 32.36%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $9.28 earnings per share. On average, equities analysts forecast that BlackRock, Inc. will post 41.37 EPS for the current fiscal year.

BlackRock Announces Dividend

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

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.