736 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by Buckley Wealth Management LLC

Buckley Wealth Management LLC bought a new position in BlackRock, Inc. (NYSE:BLK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 736 shares of the asset manager’s stock, valued at approximately $754,000.

Several other hedge funds have also modified their holdings of BLK. FSA Wealth Management LLC acquired a new stake in shares of BlackRock in the third quarter worth approximately $26,000. IAG Wealth Partners LLC acquired a new position in BlackRock during the fourth quarter valued at approximately $26,000. Collier Financial acquired a new position in BlackRock during the fourth quarter valued at approximately $32,000. Compass Planning Associates Inc acquired a new position in BlackRock during the fourth quarter valued at approximately $33,000. Finally, Atwood & Palmer Inc. acquired a new position in BlackRock during the fourth quarter valued at approximately $36,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Stock Up 3.1 %

Shares of NYSE:BLK opened at $928.74 on Friday. 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 company has a fifty day simple moving average of $983.61 and a 200 day simple moving average of $985.61. The firm has a market cap of $144.19 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.29. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,084.22.

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

BlackRock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be paid a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Friday, March 7th. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s payout ratio is 49.62%.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 430 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $949.37, for a total transaction of $408,229.10. Following the completion of the sale, the director now owns 3,720 shares in the company, valued at $3,531,656.40. The trade was a 10.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 20,430 shares of company stock worth $21,234,629 over the last 90 days. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BLK shares. Citigroup lifted their price target on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Barclays reduced their price target on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. StockNews.com initiated coverage on shares of BlackRock in a research report on Thursday. They set a “hold” rating on the stock. Finally, Wells Fargo & Company boosted 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. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.