Hengehold Capital Management LLC Has $5.39 Million Stock Position in BlackRock, Inc. (NYSE:BLK)

Hengehold Capital Management LLC lessened its position in shares of BlackRock, Inc. (NYSE:BLK) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,258 shares of the asset manager’s stock after selling 83 shares during the quarter. Hengehold Capital Management LLC’s holdings in BlackRock were worth $5,390,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in shares of BlackRock in the 3rd quarter worth $26,000. Atwood & Palmer Inc. acquired a new position in BlackRock during the fourth quarter worth $36,000. West Financial Advisors LLC acquired a new position in shares of BlackRock during the fourth quarter valued at about $39,000. Reston Wealth Management LLC acquired a new stake in shares of BlackRock in the 3rd quarter worth about $37,000. Finally, MFA Wealth Advisors LLC lifted its position in BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Up 1.1 %

BlackRock stock opened at $1,016.99 on Friday. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $157.51 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.83 and a beta of 1.28. The firm has a 50 day moving average price of $1,025.37 and a 200-day moving average price of $951.85. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,082.45.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $0.41. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business’s revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $9.66 earnings per share. As a group, equities analysts predict that BlackRock, Inc. will post 47.43 EPS for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th were given a dividend of $5.10 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a yield of 2.01%. BlackRock’s dividend payout ratio is presently 48.57%.

Analysts Set New Price Targets

Several brokerages have recently commented on BLK. Barclays lowered their price objective on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft increased their price target on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Wells Fargo & Company raised their price objective on BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Evercore ISI upped their target price on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley boosted their price target on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

Insider Transactions at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the completion of the transaction, the director now owns 68,433 shares in the company, valued at $69,117,330. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert L. Goldstein sold 54,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the sale, the chief operating officer now owns 41,916 shares in the company, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,190 shares of company stock worth $104,436,741 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

BlackRock Company 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.