Capital Advisors Wealth Management LLC Makes New Investment in BlackRock, Inc. (NYSE:BLK)

Capital Advisors Wealth Management LLC bought a new position in BlackRock, Inc. (NYSE:BLK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 310 shares of the asset manager's stock, valued at approximately $318,000.

Several other institutional investors have also recently made changes to their positions in BLK. Pathway Financial Advisers LLC grew its holdings in BlackRock by 89,389.4% in the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager's stock worth $993,312,000 after purchasing an additional 1,044,962 shares during the period. International Assets Investment Management LLC boosted its position in shares of BlackRock by 104,468.9% in the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager's stock worth $7,526,120,000 after purchasing an additional 791,874 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of BlackRock in the 4th quarter worth approximately $330,662,000. FMR LLC increased its position in BlackRock by 10.6% during the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager's stock valued at $2,244,608,000 after buying an additional 226,135 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in BlackRock during the third quarter valued at $115,377,000. Institutional investors own 80.69% of the company's stock.

Insider Activity

In other news, Director Mark Wiedman sold 36,190 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total value of $37,851,121.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed 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 shares were sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the transaction, the chief operating officer now owns 41,916 shares of the company's stock, valued at approximately $43,845,393.48. The trade was a 56.30 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. TD Cowen increased their target price on BlackRock from $960.00 to $1,077.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. Morgan Stanley raised 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. The Goldman Sachs Group raised their target price on BlackRock from $960.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Barclays decreased their price objective on BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Evercore ISI upped their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,103.33.

BlackRock Price Performance

Shares of BLK stock traded up $8.51 during trading hours on Friday, hitting $1,004.23. The stock had a trading volume of 1,079,196 shares, compared to its average volume of 845,727. The stock's 50-day moving average price is $1,028.03 and its two-hundred day moving average price is $944.64. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,082.45. The stock has a market capitalization of $155.54 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.53 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06.

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, topping the consensus estimate of $11.52 by $0.41. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.57 billion. During the same period in the prior year, the firm earned $9.66 EPS. The company's revenue for the quarter was up 22.6% on a year-over-year basis. Equities analysts forecast that BlackRock, Inc. will post 43.02 EPS for the current year.

BlackRock Announces Dividend

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

About BlackRock

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.