Toth Financial Advisory Corp Sells 159 Shares of BlackRock, Inc. (NYSE:BLK)

Toth Financial Advisory Corp decreased its stake in BlackRock, Inc. (NYSE:BLK) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,544 shares of the asset manager’s stock after selling 159 shares during the period. BlackRock comprises about 1.2% of Toth Financial Advisory Corp’s holdings, making the stock its 23rd largest holding. Toth Financial Advisory Corp’s holdings in BlackRock were worth $9,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in BLK. AQR Capital Management LLC lifted its stake in BlackRock by 176.9% in the 2nd quarter. AQR Capital Management LLC now owns 78,797 shares of the asset manager’s stock valued at $62,026,000 after purchasing an additional 50,342 shares during the last quarter. MBB Public Markets I LLC raised its position in BlackRock by 1,880.2% in the second quarter. MBB Public Markets I LLC now owns 10,614 shares of the asset manager’s stock valued at $8,357,000 after purchasing an additional 10,078 shares during the last quarter. Mackenzie Financial Corp raised its position in BlackRock by 4.5% in the second quarter. Mackenzie Financial Corp now owns 114,596 shares of the asset manager’s stock valued at $90,224,000 after purchasing an additional 4,917 shares during the last quarter. Legal & General Group Plc raised its position in BlackRock by 1.9% in the second quarter. Legal & General Group Plc now owns 1,197,274 shares of the asset manager’s stock valued at $942,640,000 after purchasing an additional 22,311 shares during the last quarter. Finally, Ninepoint Partners LP bought a new position in BlackRock in the second quarter valued at about $716,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Trading Up 0.2 %

Shares of BLK stock opened at $1,020.19 on Friday. The company has a market cap of $158.01 billion, a P/E ratio of 24.29, a PEG ratio of 1.82 and a beta of 1.28. The stock has a 50 day simple moving average of $1,024.23 and a two-hundred day simple moving average of $953.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week 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 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 business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the previous year, the company posted $9.66 earnings per share. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. Research analysts forecast that BlackRock, Inc. will post 47.43 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. Shareholders of record on Thursday, December 5th were paid a $5.10 dividend. This represents a $20.40 annualized dividend and a yield of 2.00%. The ex-dividend date was Thursday, December 5th. BlackRock’s dividend payout ratio (DPR) is currently 48.57%.

Wall Street Analysts Forecast Growth

Several research firms have commented on BLK. Evercore ISI increased their target price on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods dropped their price target on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group raised their price target on shares of BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. TD Cowen raised their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, StockNews.com started coverage on BlackRock in a research report on Friday. They set a “hold” rating for the company. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,120.67.

Insider Buying and Selling at BlackRock

In other news, COO Robert L. Goldstein sold 54,000 shares of the business’s 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 sale, the chief operating officer now owns 41,916 shares in the company, valued at $43,845,393.48. The trade was a 56.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction that occurred 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. This represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,190 shares of company stock valued at $104,436,741. Corporate insiders own 0.90% of the company’s stock.

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.