Maltese Capital Management LLC Buys Shares of 7,400 BlackRock, Inc. (BLK)

Maltese Capital Management LLC bought a new stake in shares of BlackRock, Inc. (NYSE:BLK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,400 shares of the asset manager’s stock, valued at approximately $3,801,000.

Several other institutional investors have also recently made changes to their positions in BLK. QS Investors LLC grew its position in shares of BlackRock by 13.9% in the second quarter. QS Investors LLC now owns 2,477 shares of the asset manager’s stock valued at $1,046,000 after purchasing an additional 302 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of BlackRock by 566.3% in the second quarter. Janus Henderson Group PLC now owns 108,251 shares of the asset manager’s stock valued at $45,730,000 after purchasing an additional 92,004 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of BlackRock in the second quarter valued at approximately $779,000. Sciencast Management LP purchased a new stake in shares of BlackRock in the second quarter valued at approximately $403,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of BlackRock in the second quarter valued at approximately $1,915,000. 83.27% of the stock is owned by institutional investors and hedge funds.

In other news, Director Susan Wagner sold 4,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $506.10, for a total transaction of $2,024,400.00. Following the completion of the transaction, the director now directly owns 481,915 shares in the company, valued at $243,897,181.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Deryck C. Maughan purchased 3,861 shares of the stock in a transaction dated Wednesday, January 17th. The shares were purchased at an average price of $573.44 per share, with a total value of $2,214,051.84. Following the completion of the transaction, the director now owns 12,265 shares of the company’s stock, valued at $7,033,241.60. The disclosure for this purchase can be found here. Insiders sold 4,525 shares of company stock valued at $2,312,687 over the last quarter. 1.86% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on BLK. Zacks Investment Research lowered BlackRock from a “buy” rating to a “hold” rating in a research report on Tuesday, December 5th. Argus restated a “buy” rating and issued a $620.00 price target (up from $520.00) on shares of BlackRock in a research report on Tuesday, January 16th. Citigroup lowered BlackRock from a “buy” rating to a “neutral” rating and set a $625.00 price target for the company. in a research report on Thursday, January 25th. Wells Fargo & Co reiterated a “market perform” rating and issued a $555.00 price objective (up from $535.00) on shares of BlackRock in a research report on Tuesday, January 16th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $500.00 price objective on shares of BlackRock in a research report on Thursday, October 12th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $547.92.

BlackRock, Inc. (NYSE:BLK) opened at $532.26 on Thursday. The firm has a market capitalization of $86,195.04, a P/E ratio of 23.63, a P/E/G ratio of 1.44 and a beta of 1.76. BlackRock, Inc. has a 52-week low of $368.00 and a 52-week high of $594.52. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.89 and a quick ratio of 2.89.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, January 12th. The asset manager reported $6.24 earnings per share for the quarter, topping the consensus estimate of $5.94 by $0.30. The company had revenue of $3.47 billion during the quarter, compared to analyst estimates of $3.33 billion. BlackRock had a return on equity of 12.54% and a net margin of 39.79%. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the prior year, the business posted $5.14 earnings per share. analysts anticipate that BlackRock, Inc. will post 28.52 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Investors of record on Wednesday, March 7th will be given a $2.88 dividend. This represents a $11.52 annualized dividend and a yield of 2.16%. This is a positive change from BlackRock’s previous quarterly dividend of $2.50. The ex-dividend date is Tuesday, March 6th. BlackRock’s dividend payout ratio is presently 33.00%.

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About BlackRock

BlackRock, Inc (BlackRock) is an investment management company. BlackRock provides a range of investment and risk management services to institutional and retail clients worldwide. Its diverse platform of active (alpha) and index (beta) investment strategies across asset classes enables the Company to tailor investment outcomes and asset allocation solutions for clients.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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