Marcum Wealth LLC Purchases 18 Shares of BlackRock, Inc. (NYSE:BLK)

Marcum Wealth LLC lifted its position in BlackRock, Inc. (NYSE:BLK) by 1.8% during the 4th quarter, HoldingsChannel reports. The firm owned 1,044 shares of the asset manager’s stock after buying an additional 18 shares during the period. Marcum Wealth LLC’s holdings in BlackRock were worth $1,070,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BLK. Pathway Financial Advisers LLC raised its holdings in shares of BlackRock by 89,389.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after acquiring an additional 1,044,962 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of BlackRock by 104,468.9% in the third quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after purchasing an additional 791,874 shares during the last quarter. FMR LLC lifted its position in 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 purchasing an additional 226,135 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of BlackRock during the 3rd quarter worth $115,377,000. Finally, BNP Paribas Financial Markets increased its stake in BlackRock by 48.3% in the third quarter. BNP Paribas Financial Markets now owns 337,172 shares of the asset manager’s stock valued at $320,148,000 after acquiring an additional 109,771 shares during the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

Insider Activity

In other news, COO Robert L. Goldstein sold 54,000 shares of the business’s stock in a transaction on 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 sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Mark Wiedman sold 36,190 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

BLK has been the topic of a number of research reports. Barclays decreased 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. Evercore ISI lifted their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. TD Cowen upped their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Citigroup lifted their target price on shares of BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Finally, Morgan Stanley raised their price objective on BlackRock from $1,245.00 to $1,261.00 and gave the company an “overweight” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,083.92.

BlackRock Stock Down 0.2 %

Shares of NYSE:BLK opened at $954.19 on Tuesday. The stock’s 50-day moving average is $1,030.22 and its 200 day moving average is $942.57. The company has a market cap of $147.78 billion, a PE ratio of 23.55, a P/E/G ratio of 1.92 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,082.45.

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

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th were issued a $5.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 annualized dividend and a yield of 2.14%. BlackRock’s dividend payout ratio (DPR) is presently 50.35%.

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.