Mascoma Wealth Management LLC Purchases 11 Shares of BlackRock, Inc. (NYSE:BLK)

Mascoma Wealth Management LLC lifted its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127 shares of the asset manager’s stock after buying an additional 11 shares during the quarter. Mascoma Wealth Management LLC’s holdings in BlackRock were worth $130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BLK. State Street Corp grew its holdings in BlackRock by 0.7% during the 3rd quarter. State Street Corp now owns 5,983,583 shares of the asset manager’s stock worth $5,681,472,000 after acquiring an additional 42,757 shares during the period. Geode Capital Management LLC boosted its position in shares of BlackRock by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,816,577 shares of the asset manager’s stock worth $2,663,330,000 after purchasing an additional 30,182 shares during the last quarter. FMR LLC grew its stake in shares of BlackRock by 10.6% during the third quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock worth $2,244,608,000 after purchasing an additional 226,135 shares during the period. Fisher Asset Management LLC increased its holdings in BlackRock by 1.9% in the third quarter. Fisher Asset Management LLC now owns 2,192,247 shares of the asset manager’s stock valued at $2,081,561,000 after purchasing an additional 40,865 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in BlackRock by 17.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,102,643 shares of the asset manager’s stock valued at $1,130,330,000 after buying an additional 160,323 shares during the period. 80.69% of the stock is owned by institutional investors.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the completion of the transaction, the director now owns 68,433 shares in the company, valued at $73,403,973.12. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 20,430 shares of company stock worth $21,234,629. Insiders own 0.90% of the company’s stock.

BlackRock Stock Performance

Shares of BlackRock stock opened at $909.96 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The firm has a market cap of $141.27 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,084.22. The stock’s 50-day moving average is $987.79 and its 200-day moving average is $985.88.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the prior year, the firm posted $9.66 EPS. The business’s revenue was up 22.6% on a year-over-year basis. Equities analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a $5.21 dividend. The ex-dividend date is Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a yield of 2.29%. This is an increase from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is 49.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group boosted their target price on BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Morgan Stanley boosted their price objective on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Citigroup increased their target price on shares of BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. StockNews.com assumed coverage on shares of BlackRock in a report on Thursday. They issued a “hold” rating for the company. Finally, Barclays dropped their price objective on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Three investment 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,120.67.

About BlackRock

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.