BlackRock, Inc. (NYSE:BLK) Position Reduced by Olistico Wealth LLC

Olistico Wealth LLC reduced its position in BlackRock, Inc. (NYSE:BLK) by 25.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50 shares of the asset manager’s stock after selling 17 shares during the period. Olistico Wealth LLC’s holdings in BlackRock were worth $51,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FSA Wealth Management LLC purchased a new position in BlackRock during the 3rd quarter worth approximately $26,000. Atwood & Palmer Inc. acquired a new stake in shares of BlackRock in the fourth quarter worth $36,000. West Financial Advisors LLC purchased a new position in shares of BlackRock during the fourth quarter valued at $39,000. Reston Wealth Management LLC acquired a new position in BlackRock during the third quarter valued at $37,000. Finally, MFA Wealth Advisors LLC lifted its stake in BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Trading Down 0.5 %

Shares of BLK stock opened at $1,006.61 on Thursday. The business’s 50 day moving average is $1,025.85 and its two-hundred day moving average is $951.47. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,082.45. The company has a market cap of $155.90 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping the consensus estimate of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the firm posted $9.66 EPS. The business’s quarterly revenue was up 22.6% on a year-over-year basis. Equities analysts predict that BlackRock, Inc. will post 47.43 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 5th were paid a dividend of $5.10 per share. The ex-dividend date was Thursday, December 5th. This represents a $20.40 annualized dividend and a yield of 2.03%. BlackRock’s payout ratio is 48.57%.

Analysts Set New Price Targets

BLK has been the topic of a number of research reports. Citigroup upped their target price on BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Wells Fargo & Company increased their target price on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Morgan Stanley increased their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, TD Cowen boosted their target price on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,120.67.

Insiders Place Their Bets

In other news, COO Robert L. Goldstein sold 54,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mark Wiedman sold 36,190 shares of the stock in a transaction dated 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 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 disclosure for this sale can be found here. Company 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.