Janney Capital Management LLC Sells 739 Shares of BlackRock, Inc. (NYSE:BLK)

Janney Capital Management LLC lessened its stake in BlackRock, Inc. (NYSE:BLK - Free Report) by 15.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,098 shares of the asset manager's stock after selling 739 shares during the quarter. Janney Capital Management LLC's holdings in BlackRock were worth $4,201,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BLK. Magnus Financial Group LLC increased its stake in BlackRock by 9.2% during the 4th quarter. Magnus Financial Group LLC now owns 391 shares of the asset manager's stock worth $401,000 after buying an additional 33 shares in the last quarter. Daymark Wealth Partners LLC purchased a new stake in shares of BlackRock in the 4th quarter valued at approximately $9,505,000. Luts & Greenleigh Group Inc. raised its position in BlackRock by 5.7% in the fourth quarter. Luts & Greenleigh Group Inc. now owns 350 shares of the asset manager's stock valued at $359,000 after purchasing an additional 19 shares during the period. Dakota Wealth Management lifted its position in BlackRock by 6.2% in the fourth quarter. Dakota Wealth Management now owns 18,068 shares of the asset manager's stock valued at $18,522,000 after buying an additional 1,053 shares during the last quarter. Finally, XML Financial LLC boosted its position in shares of BlackRock by 5.3% during the 4th quarter. XML Financial LLC now owns 520 shares of the asset manager's stock worth $533,000 after purchasing an additional 26 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.

BlackRock Price Performance

Shares of BLK traded down $5.48 on Wednesday, reaching $1,006.61. The stock had a trading volume of 570,283 shares, compared to its average volume of 811,651. 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 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. The firm has a 50-day moving average of $1,025.85 and a 200 day moving average of $951.47. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,082.45.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly 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 31.21% and a return on equity of 16.32%. The company 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 earned $9.66 EPS. BlackRock's revenue for the quarter was up 22.6% on a year-over-year basis. Sell-side analysts expect that BlackRock, Inc. will post 47.43 EPS for the current year.

BlackRock Announces Dividend

The firm 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. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, December 5th. BlackRock's payout ratio is 48.57%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BLK. Wells Fargo & Company lifted their price objective on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. The Goldman Sachs Group lifted their price target on BlackRock from $960.00 to $1,040.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. UBS Group upped their price target on BlackRock from $1,017.00 to $1,045.00 and gave the company a "neutral" rating in a report on Tuesday. TD Cowen increased their target price on shares of BlackRock from $960.00 to $1,077.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Citigroup raised their price objective 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 stock. According to MarketBeat, BlackRock presently has a consensus rating of "Moderate Buy" and an average price target of $1,120.67.

Insider Buying and Selling

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 41,916 shares in the company, valued at $43,845,393.48. This represents a 56.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the business's 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 completion of the sale, the director now owns 6,480 shares of the company's stock, valued at approximately $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

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.