Diversified Trust Co Sells 2,849 Shares of BlackRock, Inc. (NYSE:BLK)

Diversified Trust Co cut its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 40.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,270 shares of the asset manager’s stock after selling 2,849 shares during the period. Diversified Trust Co’s holdings in BlackRock were worth $4,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BLK. FSA Wealth Management LLC acquired a new stake in shares of BlackRock during the third quarter worth $26,000. Fairscale Capital LLC bought a new position in shares of BlackRock during the second quarter worth about $31,000. Reston Wealth Management LLC bought a new position in shares of BlackRock during the 3rd quarter worth approximately $37,000. MFA Wealth Advisors LLC lifted its position 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 worth $38,000 after purchasing 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 purchasing an additional 22 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of BlackRock from $1,200.00 to $1,155.00 and set an “overweight” rating for the company in a research report on Tuesday. StockNews.com initiated coverage on BlackRock in a research report on Tuesday, December 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. upped their price target on shares of BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. 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. Finally, The Goldman Sachs Group boosted their price target on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $1,070.08.

BlackRock Trading Down 1.9 %

BLK traded down $19.38 during trading on Tuesday, reaching $993.36. 330,393 shares of the stock traded hands, compared to its average volume of 501,345. The stock has a market capitalization of $153.85 billion, a PE ratio of 24.52, a P/E/G ratio of 1.92 and a beta of 1.28. 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 stock’s 50-day moving average is $1,031.46 and its 200 day moving average is $936.16. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,082.45.

BlackRock (NYSE:BLK) last issued its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.42 by $1.04. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.91 earnings per share. Equities analysts anticipate that BlackRock, Inc. will post 43.18 earnings per share for the current year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were issued a dividend of $5.10 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 annualized dividend and a dividend yield of 2.05%. BlackRock’s dividend payout ratio is currently 50.35%.

Insider Transactions at BlackRock

In other BlackRock news, Director Mark Wiedman sold 36,190 shares of the company’s stock in a transaction 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 transaction, the director now owns 6,480 shares in the company, valued at approximately $6,777,432. This represents a 84.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Robert L. Goldstein sold 54,000 shares of the business’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 sale, the chief operating officer now directly owns 41,916 shares of the company’s stock, 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. Insiders own 0.90% of the company’s stock.

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.