ERTS Wealth Advisors LLC Has $437,000 Stock Position in BlackRock, Inc. (NYSE:BLK)

ERTS Wealth Advisors LLC lifted its stake in shares of BlackRock, Inc. (NYSE:BLKFree Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 538 shares of the asset manager’s stock after purchasing an additional 15 shares during the quarter. ERTS Wealth Advisors LLC’s holdings in BlackRock were worth $437,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BLK. Norges Bank acquired a new stake in BlackRock in the fourth quarter valued at about $1,037,009,000. Moneta Group Investment Advisors LLC boosted its stake in BlackRock by 104,159.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 697,499 shares of the asset manager’s stock valued at $494,269,000 after buying an additional 696,830 shares in the last quarter. FMR LLC boosted its stake in BlackRock by 22.0% in the third quarter. FMR LLC now owns 2,105,314 shares of the asset manager’s stock valued at $1,361,064,000 after buying an additional 379,631 shares in the last quarter. Invesco Ltd. boosted its stake in BlackRock by 84.4% in the third quarter. Invesco Ltd. now owns 744,770 shares of the asset manager’s stock valued at $481,486,000 after buying an additional 340,792 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of BlackRock by 15.4% during 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 purchasing an additional 310,256 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on BLK shares. BNP Paribas raised BlackRock from a “neutral” rating to an “outperform” rating and set a $885.00 price target on the stock in a research note on Tuesday, December 12th. JPMorgan Chase & Co. lifted their price target on BlackRock from $742.00 to $767.00 and gave the company a “neutral” rating in a research note on Tuesday. UBS Group lifted their price objective on BlackRock from $720.00 to $818.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Finally, TD Cowen raised shares of BlackRock from a “market perform” rating to an “outperform” rating and increased their target price for the company from $819.00 to $938.00 in a research report on Tuesday, January 16th. Five 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $789.67.

Check Out Our Latest Report on BLK

BlackRock Price Performance

BLK stock opened at $814.82 on Thursday. BlackRock, Inc. has a 1 year low of $596.18 and a 1 year high of $845.00. The stock has a market capitalization of $121.36 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 1.80 and a beta of 1.37. The company’s 50-day moving average is $808.21 and its 200-day moving average is $747.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48.

BlackRock (NYSE:BLKGet Free Report) last announced its quarterly earnings data on Friday, January 12th. The asset manager reported $9.66 EPS for the quarter, beating analysts’ consensus estimates of $8.84 by $0.82. BlackRock had a return on equity of 14.74% and a net margin of 30.81%. The firm had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same quarter last year, the firm posted $8.93 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts expect that BlackRock, Inc. will post 40.23 EPS for the current fiscal year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were given a dividend of $5.10 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from BlackRock’s previous quarterly dividend of $5.00. This represents a $20.40 annualized dividend and a dividend yield of 2.50%. BlackRock’s payout ratio is presently 55.88%.

Insider Buying and Selling

In other news, CEO Laurence Fink sold 30,978 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total value of $25,089,701.76. Following the transaction, the chief executive officer now owns 414,146 shares in the company, valued at $335,425,128.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Laurence Fink sold 30,978 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $809.92, for a total value of $25,089,701.76. Following the completion of the sale, the chief executive officer now directly owns 414,146 shares of the company’s stock, valued at approximately $335,425,128.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Rachel Lord sold 36,059 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $818.06, for a total value of $29,498,425.54. Following the completion of the sale, the director now directly owns 17,004 shares of the company’s stock, valued at $13,910,292.24. The disclosure for this sale can be found here. Insiders have sold 100,511 shares of company stock worth $71,864,028 in the last quarter. Insiders own 1.06% of the company’s stock.

About BlackRock

(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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