Donald L. Hagan LLC Sells 62 Shares of BlackRock, Inc. (NYSE:BLK)

Donald L. Hagan LLC lowered its position in BlackRock, Inc. (NYSE:BLK) by 4.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,372 shares of the asset manager’s stock after selling 62 shares during the quarter. Donald L. Hagan LLC’s holdings in BlackRock were worth $1,406,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BLK. Dana Investment Advisors Inc. lifted its stake in BlackRock by 1.3% in the second quarter. Dana Investment Advisors Inc. now owns 3,089 shares of the asset manager’s stock worth $2,432,000 after purchasing an additional 41 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of BlackRock during the second quarter worth approximately $24,957,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of BlackRock by 1,600.0% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 17,000 shares of the asset manager’s stock worth $13,384,000 after acquiring an additional 16,000 shares during the period. Ashburton Jersey Ltd purchased a new position in shares of BlackRock during the second quarter worth approximately $61,000. Finally, Neville Rodie & Shaw Inc. increased its position in shares of BlackRock by 5.1% during the third quarter. Neville Rodie & Shaw Inc. now owns 518 shares of the asset manager’s stock worth $492,000 after acquiring an additional 25 shares during the period. Institutional investors own 80.69% of the company’s stock.

Insider Activity at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the completion of the transaction, the director now directly owns 68,433 shares in the company, valued at $69,117,330. The trade was a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Robert L. Goldstein sold 54,000 shares of BlackRock stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the completion of the transaction, the chief operating officer now directly owns 41,916 shares of the company’s stock, valued at $43,845,393.48. The trade was a 56.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 100,190 shares of company stock worth $104,436,741 over the last three months. Company insiders own 0.90% of the company’s stock.

BlackRock Trading Up 1.7 %

NYSE:BLK opened at $1,070.81 on Friday. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,082.45. The firm has a fifty day simple moving average of $1,024.87 and a 200-day simple moving average of $959.65. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $165.85 billion, a P/E ratio of 25.50, a PEG ratio of 1.82 and a beta of 1.28.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping the consensus estimate of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. 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 previous year, the firm posted $9.66 earnings per share. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities research analysts anticipate that BlackRock, Inc. will post 47.43 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a dividend of $5.21 per share. The ex-dividend date is Friday, March 7th. This is an increase from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 1.95%. BlackRock’s payout ratio is currently 48.57%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BLK shares. Keefe, Bruyette & Woods reduced their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. 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 report on Thursday, October 10th. Evercore ISI lifted their price objective on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com assumed coverage on shares of BlackRock in a report on Friday, January 24th. They set a “hold” rating on the stock. Finally, UBS Group lifted their price objective on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,120.67.

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.