BlackRock, Inc. (NYSE:BLK) Shares Acquired by Allworth Financial LP

Allworth Financial LP boosted its holdings in BlackRock, Inc. (NYSE:BLK - Free Report) by 65.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,480 shares of the asset manager's stock after acquiring an additional 978 shares during the quarter. Allworth Financial LP's holdings in BlackRock were worth $2,496,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Marino Stram & Associates LLC lifted its stake in BlackRock by 0.3% in the third quarter. Marino Stram & Associates LLC now owns 3,399 shares of the asset manager's stock worth $3,227,000 after purchasing an additional 10 shares during the last quarter. Fidelity D & D Bancorp Inc. lifted its stake in BlackRock by 3.7% in the third quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager's stock worth $263,000 after purchasing an additional 10 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in BlackRock by 8.7% in the fourth quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager's stock worth $128,000 after purchasing an additional 10 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its stake in BlackRock by 0.8% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager's stock worth $1,311,000 after purchasing an additional 10 shares during the last quarter. Finally, Ballentine Partners LLC lifted its stake in BlackRock by 0.3% in the third quarter. Ballentine Partners LLC now owns 3,424 shares of the asset manager's stock worth $3,251,000 after purchasing an additional 11 shares during the last quarter. 80.69% of the stock is owned by institutional investors.

Insider Buying and Selling at BlackRock

In other news, COO Robert L. Goldstein sold 54,000 shares of BlackRock stock in a transaction on Thursday, December 5th. The shares were 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 in the company, valued at approximately $43,845,393.48. The trade was a 56.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the sale, the director now owns 6,480 shares of the company's stock, valued at $6,777,432. The trade was a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,190 shares of company stock worth $115,163,141 over the last three months. Corporate insiders own 0.90% of the company's stock.

BlackRock Stock Down 1.5 %

BLK stock traded down $14.41 during trading on Friday, hitting $974.97. 1,253,611 shares of the company's stock traded hands, compared to its average volume of 821,976. The firm has a market capitalization of $151.00 billion, a P/E ratio of 23.21, a PEG ratio of 1.89 and a beta of 1.28. The business has a fifty day simple moving average of $1,011.61 and a two-hundred day simple moving average of $977.04. 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, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22.

BlackRock (NYSE:BLK - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $0.41. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. BlackRock's revenue was up 22.6% compared to the same quarter last year. During the same period last year, the company posted $9.66 earnings per share. Sell-side analysts anticipate that BlackRock, Inc. will post 47.44 EPS for the current year.

BlackRock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a $5.21 dividend. This represents a $20.84 annualized dividend and a yield of 2.14%. This is an increase from BlackRock's previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. BlackRock's dividend payout ratio (DPR) is 48.57%.

Wall Street Analysts Forecast Growth

BLK has been the topic of a number of research reports. UBS Group raised their target price on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods reduced their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating on the stock in a research report on Monday, January 13th. StockNews.com initiated coverage on shares of BlackRock in a research report on Monday. They set a "hold" rating on the stock. JPMorgan Chase & Co. raised their target price on shares of BlackRock from $914.00 to $971.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 14th. Finally, Barclays reduced their target price on shares of BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,120.67.

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.