BlackRock, Inc. (NYSE:BLK) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC increased its position in BlackRock, Inc. (NYSE:BLK) by 0.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 30,331 shares of the asset manager’s stock after purchasing an additional 61 shares during the period. Calamos Advisors LLC’s holdings in BlackRock were worth $31,093,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC increased its holdings in BlackRock by 89,389.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after buying an additional 1,044,962 shares during the period. International Assets Investment Management LLC grew its holdings in shares of BlackRock by 104,468.9% during the third quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after purchasing an additional 791,874 shares during the last quarter. Montrusco Bolton Investments Inc. acquired a new position in shares of BlackRock during the fourth quarter worth approximately $343,976,000. Assenagon Asset Management S.A. bought a new position in BlackRock in the 4th quarter valued at $330,662,000. Finally, FMR LLC raised its holdings in BlackRock by 10.6% during the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock worth $2,244,608,000 after purchasing an additional 226,135 shares during the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. TD Cowen increased their price target on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Morgan Stanley boosted their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. UBS Group lifted their price target on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. lifted their target price on BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and an average target price of $1,120.67.

BlackRock Price Performance

NYSE:BLK opened at $1,014.90 on Tuesday. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,084.22. The stock’s 50 day moving average price is $1,026.43 and its two-hundred day moving average price is $963.86. The firm has a market capitalization of $157.19 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 2.06 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 analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the company earned $9.66 earnings per share. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, analysts anticipate that BlackRock, Inc. will post 47.45 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a $5.21 dividend. This is a boost from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. This represents a $20.84 annualized dividend and a yield of 2.05%. BlackRock’s payout ratio is 48.57%.

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction 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 transaction, the director now owns 6,480 shares of the company’s stock, 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, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was 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 of the company’s stock, valued at $69,117,330. This trade represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,190 shares of company stock valued at $115,163,141. 0.90% of the stock is currently owned by company insiders.

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.