BlackRock, Inc. (NYSE:BLK) Shares Purchased by Farmers National Bank

Farmers National Bank boosted its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,605 shares of the asset manager’s stock after buying an additional 98 shares during the period. BlackRock makes up 1.8% of Farmers National Bank’s holdings, making the stock its 14th largest position. Farmers National Bank’s holdings in BlackRock were worth $5,988,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of BlackRock by 2.3% in 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 last quarter. Capital Research Global Investors increased its stake in BlackRock by 11.1% during the 1st quarter. Capital Research Global Investors now owns 4,354,236 shares of the asset manager’s stock valued at $3,630,127,000 after purchasing an additional 435,358 shares in the last quarter. Capital World Investors raised its holdings in shares of BlackRock by 57.3% in 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 last quarter. Capital International Investors lifted its stake in shares of BlackRock by 2.4% during the fourth 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 during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of BlackRock by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 2,015,337 shares of the asset manager’s stock valued at $1,636,052,000 after buying an additional 47,128 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BlackRock

In related news, Director Mark Wiedman sold 27,000 shares of BlackRock 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 sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $5,407,041.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Mark Wiedman sold 27,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $5,407,041.60. The sale 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 the business’s 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 sale, the director now owns 5,732 shares of the company’s stock, valued at $4,826,802.56. The disclosure for this sale can be found here. Insiders 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.

BlackRock Stock Performance

Shares of NYSE BLK opened at $934.10 on Wednesday. The company has a market capitalization of $138.81 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.05 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. The company’s fifty day moving average price is $883.26 and its 200 day moving average price is $823.65. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $952.75.

BlackRock (NYSE:BLK) last posted its earnings results on Monday, July 15th. The asset manager reported $10.36 earnings per share (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 business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same period in the prior year, the company posted $9.28 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, research analysts predict that BlackRock, Inc. will post 41.37 earnings per share for the current year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Monday, September 9th were given a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date was Monday, September 9th. BlackRock’s dividend payout ratio (DPR) is presently 51.84%.

Analyst Ratings Changes

BLK has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on BlackRock from $912.00 to $937.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Wells Fargo & Company began coverage on BlackRock in a research note on Thursday, September 12th. They issued an “overweight” rating and a $1,000.00 price objective for the company. Argus upped their target price on BlackRock from $880.00 to $910.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Citigroup raised their price target on shares of BlackRock from $920.00 to $930.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Morgan Stanley decreased their price objective on shares of BlackRock from $1,025.00 to $1,013.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $908.60.

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.