2,254 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by Terra Nova Asset Management LLC

Terra Nova Asset Management LLC acquired a new stake in BlackRock, Inc. (NYSE:BLK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,254 shares of the asset manager's stock, valued at approximately $2,311,000. BlackRock makes up approximately 1.8% of Terra Nova Asset Management LLC's holdings, making the stock its 25th largest position.

Several other hedge funds have also added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new stake in shares of BlackRock during the third quarter worth $26,000. Fairscale Capital LLC acquired a new stake in shares of BlackRock in the 2nd quarter valued at about $31,000. West Financial Advisors LLC bought a new stake in shares of BlackRock in the fourth quarter valued at about $39,000. Reston Wealth Management LLC acquired a new position in shares of BlackRock during the third quarter worth about $37,000. Finally, MFA Wealth Advisors LLC grew its holdings in shares of BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager's stock worth $38,000 after buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BLK shares. Citigroup upped their price target on BlackRock from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a research report on Monday, December 23rd. Morgan Stanley increased their target price on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an "overweight" rating in a report on Thursday. StockNews.com began coverage on shares of BlackRock in a research report on Thursday. They set a "hold" rating on the stock. TD Cowen raised their price objective on BlackRock from $960.00 to $1,077.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Finally, Evercore ISI upped their target price on BlackRock from $1,040.00 to $1,160.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,103.33.

BlackRock Stock Performance

Shares of BlackRock stock traded up $8.51 during trading on Monday, reaching $1,004.23. The company's stock had a trading volume of 1,079,196 shares, compared to its average volume of 610,586. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. The business's 50-day moving average price is $1,027.33 and its 200-day moving average price is $948.40. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,082.45. The firm has a market cap of $155.54 billion, a PE ratio of 24.78, a P/E/G ratio of 1.53 and a beta of 1.28.

BlackRock (NYSE:BLK - Get Free Report) last announced its earnings results 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. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the prior year, the business posted $9.66 EPS. The business's revenue was up 22.6% compared to the same quarter last year. Equities analysts forecast that BlackRock, Inc. will post 43.02 earnings per share 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 issued a $5.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 annualized dividend and a yield of 2.03%. BlackRock's dividend payout ratio is presently 50.35%.

Insider Activity

In related 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 transaction of $56,485,620.00. Following the sale, the chief operating officer now owns 41,916 shares in the company, valued at approximately $43,845,393.48. This trade represents a 56.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 6,480 shares in the company, valued at $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. Corporate insiders own 0.90% of the company's stock.

BlackRock Company 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.