BlackRock, Inc. (NYSE:BLK) Holdings Raised by MONECO Advisors LLC

MONECO Advisors LLC lifted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 675.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,077 shares of the asset manager’s stock after purchasing an additional 1,809 shares during the quarter. MONECO Advisors LLC’s holdings in BlackRock were worth $2,129,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oddo BHF Asset Management Sas bought a new stake in BlackRock in the third quarter worth about $518,000. Erste Asset Management GmbH bought a new stake in BlackRock in the third quarter worth about $32,904,000. Raymond James Trust N.A. raised its position in BlackRock by 2.3% in the third quarter. Raymond James Trust N.A. now owns 27,092 shares of the asset manager’s stock worth $25,724,000 after acquiring an additional 614 shares in the last quarter. MML Investors Services LLC raised its position in BlackRock by 2.8% in the third quarter. MML Investors Services LLC now owns 68,466 shares of the asset manager’s stock worth $65,010,000 after acquiring an additional 1,852 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in BlackRock by 20.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 3,338 shares of the asset manager’s stock worth $3,169,000 after acquiring an additional 565 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

Insider Activity at BlackRock

In related news, 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. The trade was a 84.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the completion of the sale, the director now owns 68,433 shares of the company’s stock, valued at approximately $69,117,330. This trade represents a 12.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,190 shares of company stock valued at $115,163,141. 0.90% of the stock is owned by corporate insiders.

BlackRock Trading Down 1.5 %

NYSE:BLK opened at $974.97 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,084.22. The stock’s 50-day moving average is $1,011.61 and its two-hundred day moving average is $978.00. The stock has a market cap of $151.00 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.28.

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 during 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 firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.66 EPS. As a group, equities research analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be paid a $5.21 dividend. This is a boost from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date is Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.14%. BlackRock’s payout ratio is presently 48.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group boosted their price target on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. StockNews.com initiated coverage on BlackRock in a report on Monday, February 17th. They set a “hold” rating on the stock. Barclays cut their price objective on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. boosted their price objective on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, BlackRock currently has an average rating of “Moderate Buy” and a consensus price target of $1,120.67.

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.