2,018 Shares in BlackRock, Inc. (NYSE:BLK) Bought by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of BlackRock, Inc. (NYSE:BLK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,018 shares of the asset manager's stock, valued at approximately $2,069,000.

Other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in shares of BlackRock during the third quarter worth approximately $26,000. Collier Financial bought a new stake in BlackRock during the fourth quarter worth $32,000. Atwood & Palmer Inc. bought a new stake in BlackRock during the fourth quarter worth $36,000. West Financial Advisors LLC bought a new position in BlackRock in the 4th quarter valued at $39,000. Finally, Reston Wealth Management LLC bought a new position in shares of BlackRock during the 3rd quarter worth $37,000. 80.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, 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 value of $56,485,620.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director J. Richard Kushel sold 10,000 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the completion of the transaction, the director now owns 68,433 shares of the company's stock, valued at $73,403,973.12. This represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,190 shares of company stock worth $115,163,141 in the last quarter. 0.90% of the stock is owned by company insiders.

BlackRock Trading Down 1.5 %

Shares of BLK stock traded down $14.41 during trading hours on Friday, reaching $974.97. The company's stock had a trading volume of 1,253,611 shares, compared to its average volume of 821,976. The stock has a market capitalization of $151.00 billion, a P/E ratio of 23.21, a P/E/G ratio of 1.89 and a beta of 1.28. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,084.22. The firm's fifty day simple moving average is $1,013.24 and its 200 day simple moving average is $976.04. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45.

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 for the quarter, topping analysts' consensus estimates of $11.52 by $0.41. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business's quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the company earned $9.66 EPS. Equities research analysts expect 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. Stockholders of record on Friday, March 7th will be paid a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from BlackRock's previous quarterly dividend of $5.10. BlackRock's dividend payout ratio (DPR) is presently 48.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BLK shares. Barclays dropped their price objective on BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. UBS Group increased their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. StockNews.com began coverage on BlackRock in a report on Monday. They set a "hold" rating on the stock. Keefe, Bruyette & Woods lowered their price target on BlackRock from $1,225.00 to $1,160.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Finally, Evercore ISI raised their price target on BlackRock from $1,040.00 to $1,160.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,120.67.

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.