Measured Wealth Private Client Group LLC cut its holdings in shares of BlackRock, Inc. (NYSE:BLK – Free Report) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 327 shares of the asset manager’s stock after selling 11 shares during the period. Measured Wealth Private Client Group LLC’s holdings in BlackRock were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in BlackRock during the 3rd quarter worth $26,000. Atwood & Palmer Inc. acquired a new stake in shares of BlackRock during the fourth quarter worth $36,000. Reston Wealth Management LLC bought a new stake in BlackRock in the third quarter valued at about $37,000. MFA Wealth Advisors LLC boosted its holdings in BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after buying an additional 20 shares during the last quarter. Finally, West Financial Advisors LLC acquired a new position in shares of BlackRock during the 4th quarter worth about $39,000. Institutional investors own 80.69% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently weighed in on BLK. TD Cowen lifted their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods reduced their price target on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Barclays lowered their price objective on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Citigroup lifted their target price on BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, UBS Group increased their price target on BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,120.67.
BlackRock Stock Down 0.8 %
BLK stock opened at $1,005.99 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The stock has a market capitalization of $155.81 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.06 and a beta of 1.28. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22. The business has a 50-day moving average of $1,025.82 and a 200-day moving average of $966.82.
BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the prior year, the firm posted $9.66 EPS. The business’s revenue was up 22.6% on a year-over-year basis. On average, sell-side analysts anticipate that BlackRock, Inc. will post 47.45 earnings per share for the current fiscal year.
BlackRock Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a dividend of $5.21 per share. The ex-dividend date is Friday, March 7th. This is a boost from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a yield of 2.07%. BlackRock’s dividend payout ratio is 48.57%.
Insider Buying and Selling at BlackRock
In other BlackRock news, Director Mark Wiedman sold 36,190 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $1,045.90, for a total value of $37,851,121.00. Following the completion of the sale, the director now owns 6,480 shares in the company, valued at $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was 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 $73,403,973.12. This represents a 12.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,190 shares of company stock worth $115,163,141 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.
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.
Read More
- Five stocks we like better than BlackRock
- Stock Sentiment Analysis: How it Works
- Price Plunge in Roblox Presents Opportunity for Robust Gains
- What is Insider Trading? What You Can Learn from Insider Trading
- Billions in Buybacks: 4 Stocks Rewarding Shareholders Now
- How to invest in marijuana stocks in 7 stepsĀ
- 3 Steel Stocks to Gain Strength as Tariffs Reshape the Market
Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLK – Free Report).
Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter.