Heck Capital Advisors LLC Takes $506,000 Position in BlackRock, Inc. (NYSE:BLK)

Heck Capital Advisors LLC purchased a new position in BlackRock, Inc. (NYSE:BLK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 494 shares of the asset manager's stock, valued at approximately $506,000.

A number of other large investors also recently bought and sold shares of BLK. Marino Stram & Associates LLC boosted its holdings in shares of 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 buying an additional 10 shares during the period. Fidelity D & D Bancorp Inc. lifted its holdings in BlackRock by 3.7% in the 3rd 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. Onyx Bridge Wealth Group LLC boosted its holdings in BlackRock by 3.5% during the third quarter. Onyx Bridge Wealth Group LLC now owns 328 shares of the asset manager's stock valued at $312,000 after acquiring an additional 11 shares during the period. Ballentine Partners LLC lifted its holdings in shares of BlackRock by 0.3% during the third quarter. Ballentine Partners LLC now owns 3,424 shares of the asset manager's stock worth $3,251,000 after buying an additional 11 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of BlackRock by 0.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,979 shares of the asset manager's stock worth $2,829,000 after purchasing an additional 11 shares during the period. Institutional investors own 80.69% of the company's stock.

Insider Buying and Selling at BlackRock

In other news, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction dated 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 transaction, the chief operating officer now owns 41,916 shares in the company, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director J. Richard Kushel sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the completion of the sale, the director now owns 68,433 shares of the company's stock, valued at approximately $73,403,973.12. This represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,190 shares of company stock worth $115,163,141. Insiders own 0.90% of the company's stock.

Wall Street Analysts Forecast Growth

BLK has been the subject of several recent analyst reports. Citigroup increased their price objective on BlackRock from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. UBS Group raised their price target on BlackRock from $1,017.00 to $1,045.00 and gave the company a "neutral" rating in a research note on Tuesday, January 21st. StockNews.com started coverage on shares of BlackRock in a research note on Saturday. They issued a "hold" rating for the company. Keefe, Bruyette & Woods reduced their target price 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, Wells Fargo & Company raised their price objective on BlackRock from $1,155.00 to $1,175.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,120.67.

BlackRock Price Performance

BLK stock traded down $5.30 during trading on Wednesday, hitting $1,010.37. 390,066 shares of the company's stock traded hands, compared to its average volume of 816,287. The stock has a market capitalization of $156.49 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 2.06 and a beta of 1.28. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,084.22. The business has a fifty day simple moving average of $1,025.92 and a 200 day simple moving average of $966.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23.

BlackRock (NYSE:BLK - Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the firm posted $9.66 earnings per share. The company's quarterly revenue was up 22.6% on a year-over-year basis. As a group, research analysts expect that BlackRock, Inc. will post 47.45 EPS for the current fiscal year.

BlackRock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be paid a $5.21 dividend. This is an increase from BlackRock's previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, March 7th. BlackRock's dividend payout ratio 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.