1,169 Shares in BlackRock, Inc. (NYSE:BLK) Purchased by MOKAN Wealth Management Inc.

MOKAN Wealth Management Inc. purchased a new stake in shares of BlackRock, Inc. (NYSE:BLK - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,169 shares of the asset manager's stock, valued at approximately $1,196,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLK. Marino Stram & Associates LLC increased its holdings in shares of BlackRock by 0.3% in the 3rd quarter. Marino Stram & Associates LLC now owns 3,399 shares of the asset manager's stock worth $3,227,000 after acquiring an additional 10 shares during the period. Fidelity D & D Bancorp Inc. lifted its stake in shares of 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 acquiring an additional 10 shares during the period. Princeton Global Asset Management LLC boosted its stake in BlackRock by 8.7% during the 4th quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager's stock valued at $128,000 after purchasing an additional 10 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in BlackRock by 0.8% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager's stock valued at $1,311,000 after buying an additional 10 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its position in BlackRock by 3.5% in the third quarter. Onyx Bridge Wealth Group LLC now owns 328 shares of the asset manager's stock worth $312,000 after buying an additional 11 shares during the last quarter. Institutional investors own 80.69% of the company's stock.

Insider Activity

In other news, COO Robert L. Goldstein sold 54,000 shares of the company's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the completion of the transaction, the chief operating officer now directly owns 41,916 shares in the company, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction dated Friday, December 6th. The shares were 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 $6,777,432. The trade was a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 110,190 shares of company stock worth $115,163,141. Corporate insiders own 0.90% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a "buy" rating in a research note on Thursday, January 16th. Barclays cut their price target on BlackRock from $1,220.00 to $1,160.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. UBS Group upped their price objective on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a "neutral" rating in a report on Tuesday, January 21st. 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, Morgan Stanley lifted their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, BlackRock has an average rating of "Moderate Buy" and an average price target of $1,120.67.

BlackRock Stock Up 0.9 %

NYSE BLK traded up $9.22 on Wednesday, reaching $987.08. The company had a trading volume of 759,720 shares, compared to its average volume of 810,105. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The firm has a market capitalization of $152.88 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.87 and a beta of 1.28. BlackRock, Inc. has a 1-year low of $745.55 and a 1-year high of $1,084.22. The company's fifty day moving average is $1,014.60 and its 200-day moving average is $975.94.

BlackRock (NYSE:BLK - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $11.52 by $0.41. The company had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business's revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.66 EPS. On average, research analysts forecast that BlackRock, Inc. will post 47.44 earnings per share for the current fiscal 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 issued a dividend of $5.21 per share. The ex-dividend date is Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.11%. This is an increase from BlackRock's previous quarterly dividend of $5.10. 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.