First Trust Direct Indexing L.P. Purchases 446 Shares of BlackRock, Inc. (NYSE:BLK)

First Trust Direct Indexing L.P. boosted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 12.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,073 shares of the asset manager’s stock after purchasing an additional 446 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in BlackRock were worth $3,396,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DMC Group LLC raised its stake in shares of BlackRock by 6.4% in the 1st quarter. DMC Group LLC now owns 1,588 shares of the asset manager’s stock valued at $1,324,000 after buying an additional 95 shares in the last quarter. Norden Group LLC raised its position in BlackRock by 1,865.4% in the first quarter. Norden Group LLC now owns 9,198 shares of the asset manager’s stock worth $7,669,000 after purchasing an additional 8,730 shares in the last quarter. Bourgeon Capital Management LLC lifted its stake in BlackRock by 1.3% during the first quarter. Bourgeon Capital Management LLC now owns 5,846 shares of the asset manager’s stock worth $4,874,000 after purchasing an additional 74 shares during the period. Lake Street Private Wealth LLC grew its stake in shares of BlackRock by 113.2% in the 1st quarter. Lake Street Private Wealth LLC now owns 2,737 shares of the asset manager’s stock valued at $2,282,000 after purchasing an additional 1,453 shares during the period. Finally, E&G Advisors LP raised its holdings in shares of BlackRock by 53.1% in the 1st quarter. E&G Advisors LP now owns 1,124 shares of the asset manager’s stock worth $937,000 after buying an additional 390 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

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

BlackRock Trading Down 0.0 %

Shares of NYSE BLK traded down $0.01 during midday trading on Thursday, hitting $789.12. The stock had a trading volume of 250,799 shares, compared to its average volume of 506,332. The firm has a market cap of $117.26 billion, a P/E ratio of 20.05, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32. BlackRock, Inc. has a fifty-two week low of $596.18 and a fifty-two week high of $845.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.32 and a quick ratio of 5.32. The company’s 50-day simple moving average is $780.75 and its 200 day simple moving average is $792.72.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Friday, April 12th. The asset manager reported $9.81 EPS for the quarter, topping 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 firm had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same period last year, the company earned $7.93 earnings per share. The company’s revenue was up 11.4% on a year-over-year basis. Research analysts anticipate that BlackRock, Inc. will post 41.25 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, June 7th were paid a $5.10 dividend. The ex-dividend date was Friday, June 7th. This represents a $20.40 dividend on an annualized basis and a yield of 2.59%. BlackRock’s payout ratio is presently 51.84%.

Analyst Ratings Changes

Several brokerages recently commented on BLK. UBS Group boosted their price target on BlackRock from $818.00 to $850.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $915.00 target price on shares of BlackRock in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Finally, Morgan Stanley boosted their price target on shares of BlackRock from $1,013.00 to $1,025.00 and gave the company 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $844.17.

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.