Sivia Capital Partners LLC Purchases Shares of 410 BlackRock, Inc. (NYSE:BLK)

Sivia Capital Partners LLC acquired a new position in BlackRock, Inc. (NYSE:BLK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 410 shares of the asset manager’s stock, valued at approximately $420,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new position in BlackRock in the 3rd quarter worth approximately $518,000. Erste Asset Management GmbH bought a new stake in BlackRock during the 3rd quarter valued at $32,904,000. Raymond James Trust N.A. boosted its position in BlackRock by 2.3% during the 3rd quarter. Raymond James Trust N.A. now owns 27,092 shares of the asset manager’s stock valued at $25,724,000 after buying an additional 614 shares during the period. MML Investors Services LLC grew its holdings in BlackRock by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 68,466 shares of the asset manager’s stock worth $65,010,000 after acquiring an additional 1,852 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of BlackRock by 20.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 3,338 shares of the asset manager’s stock valued at $3,169,000 after acquiring an additional 565 shares during the period. Institutional investors own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In other BlackRock news, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the completion of the sale, the director now directly owns 6,480 shares in the company, valued at $6,777,432. The trade was a 84.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the completion of the transaction, the chief operating officer now owns 41,916 shares in the company, valued at $43,845,393.48. This trade represents a 56.30 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

BlackRock Stock Up 0.1 %

BLK stock traded up $0.99 on Monday, reaching $956.63. 550,613 shares of the company traded hands, compared to its average volume of 696,236. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a fifty day simple moving average of $1,030.97 and a 200-day simple moving average of $941.35. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,082.45. The company has a market cap of $148.16 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 1.92 and a beta of 1.28.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.42 by $1.04. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. BlackRock’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $10.91 EPS. Research analysts anticipate that BlackRock, Inc. will post 43.18 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were issued a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, December 5th. BlackRock’s payout ratio is presently 50.35%.

Analysts Set New Price Targets

Several research firms recently issued reports on BLK. Barclays cut their target price on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a research note on Monday. Citigroup boosted their target price on BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Wells Fargo & Company dropped their price target on BlackRock from $1,200.00 to $1,155.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. TD Cowen upped their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, StockNews.com initiated coverage on shares of BlackRock in a research note on Wednesday, January 8th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,083.92.

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.