Bartlett & CO. Wealth Management LLC Has $1.73 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Bartlett & CO. Wealth Management LLC increased its stake in shares of BlackRock, Inc. (NYSE:BLK) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,685 shares of the asset manager’s stock after acquiring an additional 30 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in BlackRock were worth $1,727,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AE Wealth Management LLC boosted its position in shares of BlackRock by 19.9% during the second quarter. AE Wealth Management LLC now owns 1,162 shares of the asset manager’s stock worth $915,000 after buying an additional 193 shares during the period. Fred Alger Management LLC lifted its stake in BlackRock by 8.2% in the 2nd quarter. Fred Alger Management LLC now owns 10,983 shares of the asset manager’s stock valued at $8,647,000 after acquiring an additional 830 shares in the last quarter. AQR Capital Management LLC boosted its position in BlackRock by 176.9% during the 2nd quarter. AQR Capital Management LLC now owns 78,797 shares of the asset manager’s stock worth $62,026,000 after acquiring an additional 50,342 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of BlackRock by 3.3% in the second quarter. APG Asset Management N.V. now owns 343,581 shares of the asset manager’s stock valued at $252,399,000 after purchasing an additional 10,873 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of BlackRock by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager’s stock worth $1,310,762,000 after purchasing an additional 46,728 shares in the last quarter. 80.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BLK has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. TD Cowen lifted their target price on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their price target on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Wells Fargo & Company upped their price objective on BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Morgan Stanley raised their target price on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,120.67.

Insider Buying and Selling

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J. Richard Kushel sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the sale, the director now owns 68,433 shares of the company’s stock, valued at approximately $69,117,330. The trade was a 12.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,190 shares of company stock valued at $104,436,741. 0.90% of the stock is owned by company insiders.

BlackRock Stock Up 1.1 %

BlackRock stock opened at $1,016.99 on Friday. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,082.45. The stock has a market cap 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 company’s 50-day moving average price is $1,025.37 and its two-hundred day moving average price is $951.85. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45.

BlackRock (NYSE:BLK) last announced its 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 company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the company earned $9.66 earnings per share. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. As a group, analysts expect that BlackRock, Inc. will post 47.43 EPS for the current year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 5th were paid a $5.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 annualized dividend and a dividend yield of 2.01%. BlackRock’s dividend payout ratio (DPR) is presently 48.57%.

BlackRock 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.