Jacobs & Co. CA Makes New Investment in BlackRock, Inc. (NYSE:BLK)

Jacobs & Co. CA bought a new stake in BlackRock, Inc. (NYSE:BLK) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 198 shares of the asset manager’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BLK. FSA Wealth Management LLC purchased a new stake in shares of BlackRock in the third quarter valued at about $26,000. Fairscale Capital LLC purchased a new stake in shares of BlackRock in the second quarter valued at about $31,000. Reston Wealth Management LLC purchased a new stake in shares of BlackRock in the third quarter valued at about $37,000. MFA Wealth Advisors LLC boosted its holdings in shares of BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 20 shares in the last quarter. Finally, Addison Advisors LLC boosted its holdings in BlackRock by 81.5% during the third quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock worth $47,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

BLK has been the topic of a number of research analyst reports. StockNews.com initiated coverage on shares of BlackRock in a report on Wednesday. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BlackRock from $1,105.00 to $1,133.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Morgan Stanley lifted their target price on shares of BlackRock from $1,245.00 to $1,261.00 and gave the stock an “overweight” rating in a research report on Friday, December 20th. TD Cowen lifted their target price on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group lifted their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,070.08.

Insider Transactions at BlackRock

In other 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 value of $37,851,121.00. Following the transaction, the director now directly owns 6,480 shares in the company, valued at approximately $6,777,432. This trade represents a 84.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Robert L. Goldstein sold 54,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was 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 owns 41,916 shares in the company, valued at approximately $43,845,393.48. The trade was a 56.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

BlackRock Trading Down 2.9 %

BlackRock stock traded down $28.98 during trading on Friday, reaching $957.12. The company had a trading volume of 614,457 shares, compared to its average volume of 673,938. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,082.45. The stock’s 50 day moving average price is $1,031.57 and its two-hundred day moving average price is $938.17. The firm has a market capitalization of $148.24 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.92 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06.

BlackRock (NYSE:BLK) last released its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the prior year, the business earned $10.91 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. As a group, equities analysts expect that BlackRock, Inc. will post 43.18 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were given a $5.10 dividend. This represents a $20.40 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Thursday, December 5th. BlackRock’s payout ratio is currently 50.35%.

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.