Fiera Capital Corp Sells 120 Shares of BlackRock, Inc. (NYSE:BLK)

Fiera Capital Corp decreased its holdings in BlackRock, Inc. (NYSE:BLK) by 13.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 786 shares of the asset manager’s stock after selling 120 shares during the period. Fiera Capital Corp’s holdings in BlackRock were worth $336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gantzert Investment Co. LLC ADV bought a new position in shares of BlackRock in the fourth quarter worth approximately $1,896,000. Benjamin F. Edwards & Company Inc. increased its position in shares of BlackRock by 23.5% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,213 shares of the asset manager’s stock worth $476,000 after purchasing an additional 231 shares during the last quarter. Sabal Trust CO increased its position in shares of BlackRock by 10.9% in the fourth quarter. Sabal Trust CO now owns 1,780 shares of the asset manager’s stock worth $698,000 after purchasing an additional 175 shares during the last quarter. Buckley Wealth Management LLC increased its position in shares of BlackRock by 6.5% in the fourth quarter. Buckley Wealth Management LLC now owns 652 shares of the asset manager’s stock worth $256,000 after purchasing an additional 40 shares during the last quarter. Finally, Hurlow Wealth Management Group Inc. bought a new position in shares of BlackRock in the fourth quarter worth approximately $214,000. 81.30% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on BLK shares. Bank of America restated a “buy” rating and issued a $498.00 price objective (up from $490.00) on shares of BlackRock in a research report on Friday, March 8th. Deutsche Bank upped their price objective on shares of BlackRock from $428.00 to $431.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. Zacks Investment Research upgraded shares of BlackRock from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Barclays upped their price objective on shares of BlackRock from $472.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Finally, Wells Fargo & Co upped their price objective on shares of BlackRock from $460.00 to $480.00 and gave the stock an “average” rating in a research report on Wednesday, April 17th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $509.38.

In other news, Chairman Laurence Fink sold 31,250 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $481.79, for a total transaction of $15,055,937.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gary Shedlin sold 2,750 shares of the stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $467.99, for a total value of $1,286,972.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,525 shares of company stock valued at $16,591,075. Insiders own 1.42% of the company’s stock.

NYSE BLK traded up $4.82 on Friday, reaching $469.30. 634,256 shares of the company’s stock traded hands, compared to its average volume of 523,594. BlackRock, Inc. has a 12 month low of $360.79 and a 12 month high of $513.00. The company has a current ratio of 3.49, a quick ratio of 3.49 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average price of $444.59. The firm has a market cap of $71.77 billion, a PE ratio of 17.43, a PEG ratio of 1.67 and a beta of 1.50.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Tuesday, April 16th. The asset manager reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $6.13 by $0.48. BlackRock had a net margin of 30.58% and a return on equity of 13.46%. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.30 billion. During the same period last year, the business earned $6.48 earnings per share. The business’s quarterly revenue was down 6.6% on a year-over-year basis. On average, equities analysts predict that BlackRock, Inc. will post 27.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Wednesday, June 5th. BlackRock’s dividend payout ratio (DPR) is presently 49.02%.

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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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