Campbell Capital Management Inc. Acquires Shares of 50 BlackRock, Inc. (NYSE:BLK)

Campbell Capital Management Inc. purchased a new stake in shares of BlackRock, Inc. (NYSE:BLK) during the fourth quarter, Holdings Channel.com reports. The fund purchased 50 shares of the asset manager’s stock, valued at approximately $52,000.

A number of other large investors also recently made changes to their positions in BLK. Fidelity D & D Bancorp Inc. increased its position in BlackRock by 3.7% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager’s stock valued at $263,000 after purchasing an additional 10 shares during the period. Princeton Global Asset Management LLC increased its position in BlackRock by 8.7% during the 4th quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager’s stock valued at $128,000 after purchasing an additional 10 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA increased its position in BlackRock by 0.8% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager’s stock valued at $1,311,000 after purchasing an additional 10 shares during the period. Legacy Capital Group California Inc. increased its position in BlackRock by 2.8% during the 4th quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock valued at $377,000 after purchasing an additional 10 shares during the period. Finally, Studio Investment Management LLC increased its position in BlackRock by 0.4% during the 3rd quarter. Studio Investment Management LLC now owns 3,076 shares of the asset manager’s stock valued at $2,921,000 after purchasing an additional 11 shares during the period. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Performance

Shares of BlackRock stock opened at $928.74 on Friday. The stock has a market cap of $144.19 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.90 and a beta of 1.29. The firm’s 50-day moving average is $983.61 and its 200 day moving average is $985.61. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. The company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. BlackRock’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.66 EPS. Sell-side analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a dividend of $5.21 per share. The ex-dividend date is Friday, March 7th. This represents a $20.84 annualized dividend and a yield of 2.24%. This is a boost from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio is currently 49.62%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BLK. StockNews.com initiated coverage on shares of BlackRock in a research report on Thursday. They set a “hold” rating on the stock. Wells Fargo & Company upped their target price on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. UBS Group upped their target price on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Citigroup upped their target price on shares of BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,120.67.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the transaction, the director now owns 68,433 shares in the company, valued at approximately $73,403,973.12. This represents a 12.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 20,430 shares of company stock worth $21,234,629. Company insiders own 0.90% of the company’s stock.

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.