BlackRock, Inc. (NYSE:BLK) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC decreased its position in shares of BlackRock, Inc. (NYSE:BLK) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. 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 SEC filing.

A number of other hedge funds have also recently bought and sold shares of BLK. FSA Wealth Management LLC acquired a new stake in shares of BlackRock during the 3rd quarter worth $26,000. Atwood & Palmer Inc. purchased a new position in shares of BlackRock during the 4th quarter valued at approximately $36,000. West Financial Advisors LLC acquired a new position in BlackRock in the fourth quarter worth about $39,000. Reston Wealth Management LLC bought a new position in BlackRock during the third quarter worth $37,000. Finally, MFA Wealth Advisors LLC boosted its stake in BlackRock by 100.0% in the third 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 during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Trading Down 0.8 %

Shares of BLK stock opened at $1,005.99 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The firm has a fifty day moving average of $1,025.82 and a 200-day moving average of $966.82. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,084.22. The stock has a market cap of $155.81 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 2.06 and a beta of 1.28.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter last year, the company earned $9.66 earnings per share. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities research analysts forecast that BlackRock, Inc. will post 47.45 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a dividend of $5.21 per share. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Friday, March 7th. BlackRock’s dividend payout ratio is currently 48.57%.

Analysts Set New Price Targets

BLK has been the topic of a number of recent analyst reports. TD Cowen lifted their price target on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their price objective 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. Morgan Stanley boosted their price target on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. UBS Group lifted their target price on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Finally, 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 report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,120.67.

Insider Buying and Selling at BlackRock

In related 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 completion of the sale, the chief operating officer now directly owns 41,916 shares of the company’s stock, valued at $43,845,393.48. This trade represents a 56.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the firm’s 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 of the company’s stock, valued at approximately $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 110,190 shares of company stock valued at $115,163,141. 0.90% of the stock is currently owned by company 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.