By otakuyassine3@gmail.com 
Sivia Capital Partners LLC acquired a new position in BlackRock, Inc. (NYSE:BLK – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 410 shares of the asset manager’s stock, valued at approximately $420,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FSA Wealth Management LLC acquired a new position in BlackRock in the third quarter valued at approximately $26,000. Fairscale Capital LLC acquired a new stake in BlackRock in the second quarter worth $31,000. Reston Wealth Management LLC acquired a new position in shares of BlackRock during the third quarter valued at about $37,000. MFA Wealth Advisors LLC grew its stake in shares of BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after buying an additional 20 shares during the period. Finally, Addison Advisors LLC increased its holdings in shares of BlackRock by 81.5% during the third quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock valued at $47,000 after acquiring an additional 22 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at BlackRock
In other news, COO Robert L. Goldstein sold 54,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the completion of the transaction, the chief operating officer now directly owns 41,916 shares in the company, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark Wiedman sold 36,190 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 6,480 shares in the company, valued at approximately $6,777,432. This represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.
BlackRock Stock Performance
Shares of BLK traded up $0.99 during mid-day trading on Monday, hitting $956.63. The stock had a trading volume of 550,613 shares, compared to its average volume of 696,236. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,082.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The business has a fifty day moving average price of $1,030.97 and a 200-day moving average price of $941.35. The firm has a market cap of $148.16 billion, a P/E ratio of 23.61, a PEG ratio of 1.92 and a beta of 1.28.
BlackRock (NYSE:BLK – Get Free Report) last released its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating the consensus estimate of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period in the prior year, the firm earned $10.91 earnings per share. The company’s revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts expect that BlackRock, Inc. will post 43.18 EPS for the current year.
BlackRock Announces Dividend
The firm also recently disclosed 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 was Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a yield of 2.13%. BlackRock’s dividend payout ratio is 50.35%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Wells Fargo & Company decreased their price target on shares of BlackRock from $1,200.00 to $1,155.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. 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 report on Thursday, October 3rd. StockNews.com began coverage on BlackRock in a research note on Wednesday, January 8th. They issued a “hold” rating for the company. Morgan Stanley lifted their target price on BlackRock from $1,245.00 to $1,261.00 and gave the company an “overweight” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. raised their price objective on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,083.92.
Read Our Latest Stock Analysis on BLK
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.
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