Annis Gardner Whiting Capital Advisors LLC Has $201,000 Position in BlackRock, Inc. (NYSE:BLK)

Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 44.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247 shares of the asset manager’s stock after buying an additional 76 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in BlackRock were worth $201,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of BLK. Norges Bank bought a new position in shares of BlackRock in the fourth quarter valued at about $1,812,920,000. International Assets Investment Management LLC grew its position in shares of BlackRock by 77,524.5% during the 4th quarter. International Assets Investment Management LLC now owns 641,955 shares of the asset manager’s stock worth $5,211,390,000 after buying an additional 641,128 shares during the period. FMR LLC grew its position in shares of BlackRock by 22.0% during the 3rd quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock worth $1,361,064,000 after buying an additional 379,631 shares during the period. Invesco Ltd. grew its position in shares of BlackRock by 84.4% during the 3rd quarter. Invesco Ltd. now owns 744,770 shares of the asset manager’s stock worth $481,486,000 after buying an additional 340,792 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of BlackRock by 21.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,745,648 shares of the asset manager’s stock worth $1,128,544,000 after buying an additional 307,516 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group boosted their price objective on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. boosted their price objective on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $930.00 price target (up previously from $918.00) on shares of BlackRock in a research report on Friday, April 5th. Finally, Morgan Stanley upped their price target on BlackRock from $1,013.00 to $1,025.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus price target of $845.42.

Insider Activity at BlackRock

In other BlackRock news, Director Rachel Lord sold 36,059 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $818.06, for a total transaction of $29,498,425.54. Following the transaction, the director now owns 17,004 shares in the company, valued at approximately $13,910,292.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other BlackRock news, Director Mark Wiedman sold 9,000 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $795.00, for a total transaction of $7,155,000.00. Following the transaction, the director now owns 6,480 shares in the company, valued at approximately $5,151,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rachel Lord sold 36,059 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $818.06, for a total value of $29,498,425.54. Following the sale, the director now directly owns 17,004 shares in the company, valued at $13,910,292.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 107,015 shares of company stock worth $86,751,357. Company insiders own 0.90% of the company’s stock.

BlackRock Stock Down 1.0 %

Shares of BlackRock stock traded down $8.13 on Thursday, reaching $791.48. 187,422 shares of the company were exchanged, compared to its average volume of 604,314. BlackRock, Inc. has a one year low of $596.18 and a one year high of $845.00. The company has a 50-day moving average of $790.87 and a 200 day moving average of $781.51. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $117.61 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.66 and a beta of 1.37.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Friday, April 12th. The asset manager reported $9.81 earnings per share for the quarter, beating analysts’ consensus estimates of $9.42 by $0.39. BlackRock had a return on equity of 15.24% and a net margin of 32.26%. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter in the prior year, the business earned $7.93 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts forecast that BlackRock, Inc. will post 41.25 earnings per share for the current year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, June 7th will be paid a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, June 6th. BlackRock’s dividend payout ratio (DPR) is presently 51.84%.

About BlackRock

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.