Rovin Capital UT ADV Increases Stake in BlackRock, Inc. (NYSE:BLK)

Rovin Capital UT ADV boosted its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 22.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 292 shares of the asset manager’s stock after buying an additional 54 shares during the quarter. Rovin Capital UT ADV’s holdings in BlackRock were worth $299,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new position in shares of BlackRock in the 3rd quarter worth $26,000. Fairscale Capital LLC purchased a new position in BlackRock in the second quarter valued at about $31,000. Reston Wealth Management LLC purchased a new stake in shares of BlackRock during the third quarter valued at about $37,000. MFA Wealth Advisors LLC lifted its position in BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 20 shares during the last quarter. Finally, Modus Advisors LLC acquired a new stake in BlackRock in the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Analyst Ratings Changes

BLK has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays lowered their price target on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research report on Monday. TD Cowen lifted their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Evercore ISI increased their price objective on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a research report on Monday. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,100.50.

BlackRock Trading Up 5.1 %

BLK stock opened at $1,012.62 on Thursday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,082.45. The company’s 50-day simple moving average is $1,029.20 and its 200-day simple moving average is $943.81. The firm has a market cap of $156.83 billion, a P/E ratio of 24.99, a PEG ratio of 1.92 and a beta of 1.28.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, topping the consensus estimate of $11.52 by $0.41. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the company posted $9.66 EPS. The business’s quarterly revenue was up 22.6% on a year-over-year basis. As a group, equities analysts forecast that BlackRock, Inc. will post 43.18 EPS for the current fiscal year.

BlackRock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were given a $5.10 dividend. The ex-dividend date was Thursday, December 5th. This represents a $20.40 annualized dividend and a dividend yield of 2.01%. BlackRock’s dividend payout ratio (DPR) is 50.35%.

Insider Buying and Selling

In other BlackRock news, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at approximately $6,777,432. The trade was a 84.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert L. Goldstein sold 54,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the completion of the transaction, the chief operating officer now owns 41,916 shares in the company, valued at approximately $43,845,393.48. This trade represents a 56.30 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

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.