Arkadios Wealth Advisors Has $1.16 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Arkadios Wealth Advisors cut its holdings in shares of BlackRock, Inc. (NYSE:BLK - Free Report) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,127 shares of the asset manager's stock after selling 321 shares during the quarter. Arkadios Wealth Advisors' holdings in BlackRock were worth $1,155,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of BlackRock by 0.7% in the third quarter. State Street Corp now owns 5,983,583 shares of the asset manager's stock valued at $5,681,472,000 after purchasing an additional 42,757 shares during the last quarter. Geode Capital Management LLC grew its stake in BlackRock by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,816,577 shares of the asset manager's stock valued at $2,663,330,000 after buying an additional 30,182 shares during the last quarter. FMR LLC raised its holdings in BlackRock by 10.6% in the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager's stock valued at $2,244,608,000 after acquiring an additional 226,135 shares during the period. Fisher Asset Management LLC lifted its position in BlackRock by 1.9% during the third quarter. Fisher Asset Management LLC now owns 2,192,247 shares of the asset manager's stock worth $2,081,561,000 after acquiring an additional 40,865 shares during the last quarter. Finally, Ameriprise Financial Inc. grew 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 valued at $1,310,762,000 after purchasing an additional 46,728 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

BlackRock Price Performance

Shares of BLK stock traded up $8.51 on Monday, reaching $1,004.23. The company had a trading volume of 1,079,196 shares, compared to its average volume of 610,586. The stock has a market capitalization of $155.54 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. The business's 50-day moving average is $1,027.33 and its 200 day moving average is $948.40. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,082.45.

BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating analysts' consensus estimates of $11.52 by $0.41. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the business posted $9.66 earnings per share. The company's quarterly revenue was up 22.6% on a year-over-year basis. Equities research analysts forecast that BlackRock, Inc. will post 43.02 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th were given a $5.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 annualized dividend and a yield of 2.03%. BlackRock's dividend payout ratio is presently 50.35%.

Analyst Ratings Changes

Several analysts recently weighed in on BLK shares. Keefe, Bruyette & Woods dropped their price target on BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating for the company in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a "buy" rating in a research report on Thursday. TD Cowen increased their price target on BlackRock from $960.00 to $1,077.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on BlackRock from $960.00 to $1,040.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Finally, Citigroup increased their target price on BlackRock from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, BlackRock currently has an average rating of "Moderate Buy" and an average price target of $1,103.33.

Insider Activity

In other news, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction on Friday, December 6th. The shares were sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the transaction, the director now owns 6,480 shares in the company, valued at approximately $6,777,432. The trade was a 84.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert L. Goldstein sold 54,000 shares of the business'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 in the company, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

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.