Larson Financial Group LLC Has $65,000 Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Larson Financial Group LLC decreased its position in BlackRock, Inc. (NYSE:BLKFree Report) by 18.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 100 shares of the asset manager’s stock after selling 22 shares during the period. Larson Financial Group LLC’s holdings in BlackRock were worth $65,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in BlackRock by 98,608.8% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 96,772,169 shares of the asset manager’s stock worth $66,883,117,000 after buying an additional 96,674,131 shares in the last quarter. Norges Bank bought a new position in shares of BlackRock during the fourth quarter worth approximately $1,037,009,000. Moneta Group Investment Advisors LLC increased its holdings in shares of BlackRock by 104,159.9% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 697,499 shares of the asset manager’s stock worth $494,269,000 after purchasing an additional 696,830 shares during the period. Charles Schwab Investment Management Inc. increased its stake in BlackRock by 15.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,326,618 shares of the asset manager’s stock valued at $1,777,933,000 after acquiring an additional 310,256 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in BlackRock in the second quarter valued at approximately $200,102,000. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analyst Ratings Changes

BLK has been the topic of a number of research reports. UBS Group boosted their target price on shares of BlackRock from $720.00 to $818.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. The Goldman Sachs Group increased their price objective on BlackRock from $719.00 to $793.00 and gave the stock a “buy” rating in a research note on Thursday, November 30th. BNP Paribas raised BlackRock from a “neutral” rating to an “outperform” rating and set a $885.00 price target for the company in a research report on Tuesday, December 12th. JPMorgan Chase & Co. lowered BlackRock from an “overweight” rating to a “neutral” rating and set a $708.00 price objective for the company. in a report on Friday, December 15th. Finally, Bank of America dropped their price objective on BlackRock from $921.00 to $868.00 in a research note on Wednesday, October 4th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $785.73.

Check Out Our Latest Stock Analysis on BlackRock

Insider Transactions at BlackRock

In other news, General Counsel Christopher J. Meade sold 18,000 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $282.54, for a total value of $5,085,660.60. Following the completion of the sale, the general counsel now directly owns 11,914 shares in the company, valued at approximately $3,366,142.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other BlackRock news, CEO Laurence Fink sold 15,385 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $652.03, for a total transaction of $10,031,481.55. Following the completion of the transaction, the chief executive officer now owns 435,260 shares of the company’s stock, valued at approximately $283,802,577.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Christopher J. Meade sold 18,000 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $282.54, for a total transaction of $5,085,660.60. Following the completion of the transaction, the general counsel now directly owns 11,914 shares of the company’s stock, valued at approximately $3,366,142.24. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

BlackRock Stock Down 0.5 %

NYSE BLK traded down $4.06 during mid-day trading on Friday, reaching $786.40. The stock had a trading volume of 336,507 shares, compared to its average volume of 628,985. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $819.00. The stock has a market cap of $116.98 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.01 and a beta of 1.36. The company has a fifty day moving average price of $776.62 and a 200 day moving average price of $712.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.72 and a quick ratio of 3.72.

BlackRock (NYSE:BLKGet Free Report) last announced its earnings results on Friday, January 12th. The asset manager reported $9.66 earnings per share for the quarter, beating analysts’ consensus estimates of $8.84 by $0.82. The business had revenue of $4.63 billion during the quarter, compared to analyst estimates of $4.65 billion. BlackRock had a net margin of 30.81% and a return on equity of 14.85%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $8.93 EPS. On average, research analysts expect that BlackRock, Inc. will post 39.4 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th will be paid a $5.10 dividend. This represents a $20.40 annualized dividend and a dividend yield of 2.59%. This is a positive change from BlackRock’s previous quarterly dividend of $5.00. The ex-dividend date is Wednesday, March 6th. BlackRock’s dividend payout ratio is 54.78%.

BlackRock Profile

(Free Report)

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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