Simon Quick Advisors LLC Acquires 83 Shares of BlackRock, Inc. (NYSE:BLK)

Simon Quick Advisors LLC raised its stake in shares of BlackRock, Inc. (NYSE:BLK) by 30.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352 shares of the asset manager’s stock after buying an additional 83 shares during the period. Simon Quick Advisors LLC’s holdings in BlackRock were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLK. Marino Stram & Associates LLC raised its stake 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 valued at $3,227,000 after acquiring an additional 10 shares in the last quarter. Fidelity D & D Bancorp Inc. raised its position in shares of BlackRock by 3.7% in the third quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager’s stock valued at $263,000 after purchasing an additional 10 shares during the period. Onyx Bridge Wealth Group LLC lifted its stake in shares of 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. Ballentine Partners LLC boosted its holdings in shares of BlackRock by 0.3% during the 3rd 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 period. Finally, Harbor Capital Advisors Inc. grew its stake in BlackRock by 0.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,979 shares of the asset manager’s stock valued at $2,829,000 after buying an additional 11 shares during the last quarter. Institutional investors and hedge funds 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 firm’s stock in a transaction on 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 completion of the sale, the chief operating officer now directly owns 41,916 shares in the company, valued at approximately $43,845,393.48. This trade represents a 56.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the completion of the transaction, the director now directly owns 68,433 shares of the company’s stock, valued at $69,117,330. This represents a 12.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 100,190 shares of company stock worth $104,436,741 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

BLK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. TD Cowen raised their target price on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. 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 report on Monday, January 13th. Morgan Stanley raised their price objective on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Finally, Evercore ISI increased their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,120.67.

BlackRock Stock Up 1.1 %

NYSE BLK opened at $1,016.99 on Friday. BlackRock, Inc. has a 1-year low of $745.55 and a 1-year high of $1,082.45. The company has a market capitalization of $157.51 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.83 and a beta of 1.28. The stock’s 50 day moving average is $1,025.37 and its two-hundred day moving average is $951.85. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45.

BlackRock (NYSE:BLK) last announced 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. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. BlackRock’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.66 EPS. Equities analysts forecast that BlackRock, Inc. will post 47.43 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 5th were issued a dividend of $5.10 per share. This represents a $20.40 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, December 5th. 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.