BlackRock, Inc. (BLK) Shares Bought by LeJeune Puetz Investment Counsel LLC

LeJeune Puetz Investment Counsel LLC increased its holdings in BlackRock, Inc. (NYSE:BLK) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,520 shares of the asset manager’s stock after purchasing an additional 224 shares during the period. LeJeune Puetz Investment Counsel LLC’s holdings in BlackRock were worth $990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shine Investment Advisory Services Inc. increased its stake in BlackRock by 18.1% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 176 shares of the asset manager’s stock worth $69,000 after acquiring an additional 27 shares during the last quarter. IMS Capital Management increased its position in shares of BlackRock by 0.8% during the 3rd quarter. IMS Capital Management now owns 3,510 shares of the asset manager’s stock valued at $1,654,000 after purchasing an additional 28 shares during the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of BlackRock by 1.1% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 3,139 shares of the asset manager’s stock valued at $1,287,000 after purchasing an additional 35 shares during the last quarter. Fulton Bank N.A. increased its position in shares of BlackRock by 7.0% during the 4th quarter. Fulton Bank N.A. now owns 551 shares of the asset manager’s stock valued at $216,000 after purchasing an additional 36 shares during the last quarter. Finally, Oakwood Capital Management LLC CA increased its position in shares of BlackRock by 0.3% during the 4th quarter. Oakwood Capital Management LLC CA now owns 15,339 shares of the asset manager’s stock valued at $6,025,000 after purchasing an additional 41 shares during the last quarter. 82.34% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on the company. Jefferies Financial Group raised BlackRock from a “hold” rating to a “buy” rating and set a $405.36 target price on the stock in a research report on Tuesday, January 29th. Credit Suisse Group reissued a “buy” rating and set a $532.00 target price on shares of BlackRock in a research report on Thursday, January 17th. Argus reissued a “buy” rating on shares of BlackRock in a research report on Thursday, January 17th. Wells Fargo & Co reissued a “hold” rating and set a $425.00 target price (up previously from $410.00) on shares of BlackRock in a research report on Wednesday, January 16th. Finally, Deutsche Bank downgraded BlackRock from a “buy” rating to a “hold” rating and cut their target price for the company from $444.00 to $405.00 in a research report on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the stock. BlackRock has a consensus rating of “Buy” and an average price target of $501.03.

Shares of BlackRock stock opened at $416.81 on Friday. The firm has a market capitalization of $65.74 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 1.59 and a beta of 1.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.07 and a current ratio of 3.07. BlackRock, Inc. has a 52 week low of $360.79 and a 52 week high of $578.80.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, January 16th. The asset manager reported $6.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $6.35 by ($0.27). The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $3.47 billion. BlackRock had a net margin of 30.32% and a return on equity of 13.53%. The business’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company earned $6.24 EPS. On average, equities analysts expect that BlackRock, Inc. will post 25.88 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Shareholders of record on Wednesday, March 6th will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 3.17%. The ex-dividend date is Tuesday, March 5th. This is an increase from BlackRock’s previous quarterly dividend of $3.13. BlackRock’s dividend payout ratio is 46.49%.

In other BlackRock news, CEO Laurence Fink sold 25,102 shares of the company’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $418.89, for a total value of $10,514,976.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider J. Richard Kushel sold 3,077 shares of the company’s stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $409.29, for a total value of $1,259,385.33. The disclosure for this sale can be found here. Insiders sold a total of 81,679 shares of company stock worth $34,028,025 in the last ninety days. 1.75% of the stock is currently owned by corporate insiders.

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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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