BlackRock, Inc. (NYSE:BLK) Stock Position Increased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lifted its position in BlackRock, Inc. (NYSE:BLK) by 32.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 907 shares of the asset manager’s stock after buying an additional 220 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in BlackRock were worth $929,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BLK. State Street Corp grew its holdings in shares of BlackRock by 0.7% during the third quarter. State Street Corp now owns 5,983,583 shares of the asset manager’s stock valued at $5,681,472,000 after buying an additional 42,757 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of BlackRock by 1.1% during the third quarter. Geode Capital Management LLC now owns 2,816,577 shares of the asset manager’s stock valued at $2,663,330,000 after buying an additional 30,182 shares in the last quarter. FMR LLC grew its holdings 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 valued at $2,244,608,000 after buying an additional 226,135 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of BlackRock by 1.9% during 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 buying an additional 40,865 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its holdings in shares of BlackRock by 89,389.4% during the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after buying an additional 1,044,962 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Performance

Shares of BlackRock stock opened at $1,017.12 on Wednesday. The company has a market capitalization of $157.53 billion, a PE ratio of 24.22, a PEG ratio of 2.06 and a beta of 1.28. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,084.22. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The stock’s fifty day simple moving average is $1,026.10 and its 200 day simple moving average is $965.17.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping the consensus estimate of $11.52 by $0.41. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm’s revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the business posted $9.66 EPS. On average, research analysts predict that BlackRock, Inc. will post 47.45 EPS for the current year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be issued a $5.21 dividend. This is a boost from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.05%. BlackRock’s dividend payout ratio (DPR) is presently 49.62%.

Insider Activity

In related news, COO Robert L. Goldstein sold 54,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total transaction 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 $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. Insiders sold 110,190 shares of company stock worth $115,163,141 in the last quarter. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley boosted their target price on BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft boosted their target price on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. UBS Group boosted their target price on BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Evercore ISI boosted their target price on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, StockNews.com assumed coverage on BlackRock in a research note on Saturday. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.