Daymark Wealth Partners LLC Buys Shares of 9,272 BlackRock, Inc. (NYSE:BLK)

Daymark Wealth Partners LLC acquired a new position in BlackRock, Inc. (NYSE:BLK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 9,272 shares of the asset manager's stock, valued at approximately $9,505,000.

A number of other institutional investors have also recently bought and sold shares of BLK. Oddo BHF Asset Management Sas acquired a new stake in BlackRock during the third quarter worth about $518,000. Erste Asset Management GmbH bought a new position in BlackRock in the third quarter valued at approximately $32,904,000. Raymond James Trust N.A. raised its position in BlackRock by 2.3% during the third quarter. Raymond James Trust N.A. now owns 27,092 shares of the asset manager's stock valued at $25,724,000 after purchasing an additional 614 shares in the last quarter. MML Investors Services LLC lifted its stake in BlackRock by 2.8% during the third quarter. MML Investors Services LLC now owns 68,466 shares of the asset manager's stock worth $65,010,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in shares of BlackRock by 20.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,338 shares of the asset manager's stock valued at $3,169,000 after purchasing an additional 565 shares in the last quarter. Institutional investors own 80.69% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley upped their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Evercore ISI raised their target price on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on BlackRock from $1,215.00 to $1,275.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. The Goldman Sachs Group boosted their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, BlackRock currently has a consensus rating of "Moderate Buy" and an average price target of $1,120.67.

Insiders Place Their Bets

In related news, 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 transaction of $37,851,121.00. Following the transaction, the director now directly owns 6,480 shares of the company's stock, valued at $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Robert L. Goldstein sold 54,000 shares of the business's stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company's stock.

BlackRock Trading Down 0.5 %

BlackRock stock traded down $5.48 during trading hours on Wednesday, reaching $1,006.61. 570,283 shares of the company's stock were exchanged, compared to its average volume of 811,651. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,082.45. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm's 50 day simple moving average is $1,025.85 and its 200 day simple moving average is $951.47. The firm has a market capitalization of $155.90 billion, a PE ratio of 23.97, a PEG ratio of 1.82 and a beta of 1.28.

BlackRock (NYSE:BLK - Get Free Report) last issued its earnings results 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 net margin of 31.21% and a return on equity of 16.32%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the firm earned $9.66 earnings per share. BlackRock's revenue was up 22.6% on a year-over-year basis. Research analysts predict that BlackRock, Inc. will post 47.43 earnings per share for the current year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 5th were paid a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Thursday, December 5th. BlackRock's dividend payout ratio (DPR) is currently 48.57%.

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.