Autus Asset Management LLC Acquires 496 Shares of BlackRock, Inc. (BLK)

Autus Asset Management LLC lifted its holdings in BlackRock, Inc. (NYSE:BLK) by 2.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 20,439 shares of the asset manager’s stock after buying an additional 496 shares during the period. BlackRock makes up about 1.4% of Autus Asset Management LLC’s investment portfolio, making the stock its 23rd largest position. Autus Asset Management LLC’s holdings in BlackRock were worth $8,735,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. KMG Fiduciary Partners LLC increased its holdings in BlackRock by 4.8% in the 1st quarter. KMG Fiduciary Partners LLC now owns 7,376 shares of the asset manager’s stock worth $3,152,000 after acquiring an additional 337 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in BlackRock by 10.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 1,017 shares of the asset manager’s stock worth $434,000 after acquiring an additional 98 shares in the last quarter. Baskin Financial Services Inc. increased its holdings in BlackRock by 6.1% in the 1st quarter. Baskin Financial Services Inc. now owns 23,093 shares of the asset manager’s stock worth $9,869,000 after acquiring an additional 1,318 shares in the last quarter. Paragon Capital Management LLC purchased a new stake in BlackRock in the 1st quarter worth approximately $82,000. Finally, CMH Wealth Management LLC grew its holdings in BlackRock by 4.1% during the 1st quarter. CMH Wealth Management LLC now owns 6,882 shares of the asset manager’s stock valued at $2,941,000 after buying an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

In other news, CFO Gary Shedlin sold 5,400 shares of BlackRock stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $410.74, for a total transaction of $2,217,996.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Robert L. Goldstein sold 5,133 shares of BlackRock stock in a transaction on Monday, March 4th. The stock was sold at an average price of $443.00, for a total value of $2,273,919.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,650 shares of company stock valued at $57,774,089. 1.75% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on the stock. Citigroup increased their price objective on shares of BlackRock from $450.00 to $500.00 and gave the company a “buy” rating in a report on Monday. Zacks Investment Research raised shares of BlackRock from a “hold” rating to a “buy” rating and set a $491.00 price objective for the company in a report on Tuesday, April 2nd. Deutsche Bank increased their price objective on shares of BlackRock from $428.00 to $431.00 and gave the company a “hold” rating in a report on Friday, March 15th. Barclays increased their price objective on shares of BlackRock from $472.00 to $490.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Finally, Bank of America reaffirmed a “buy” rating and set a $498.00 price objective (up from $490.00) on shares of BlackRock in a report on Friday, March 8th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. BlackRock has an average rating of “Buy” and an average target price of $501.53.

BLK traded up $11.41 during trading on Tuesday, reaching $463.27. The company had a trading volume of 287,162 shares, compared to its average volume of 498,250. The company has a market cap of $71.80 billion, a PE ratio of 17.20, a P/E/G ratio of 1.71 and a beta of 1.40. BlackRock, Inc. has a 52 week low of $360.79 and a 52 week high of $557.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.64.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Tuesday, April 16th. The asset manager reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.13 by $0.48. The company had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.30 billion. BlackRock had a return on equity of 13.51% and a net margin of 30.32%. BlackRock’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the company earned $6.48 earnings per share. As a group, research analysts anticipate that BlackRock, Inc. will post 27.07 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Wednesday, March 6th were given a $3.30 dividend. The ex-dividend date was Tuesday, March 5th. This is an increase from BlackRock’s previous quarterly dividend of $3.13. This represents a $13.20 dividend on an annualized basis and a yield of 2.85%. BlackRock’s dividend payout ratio (DPR) is currently 49.02%.

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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.

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Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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