BlackRock, Inc. (NYSE:BLK) Shares Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC increased its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 32.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 907 shares of the asset manager’s stock after acquiring an additional 220 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in BlackRock were worth $929,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BLK. Czech National Bank grew its holdings in BlackRock by 6.6% in the third quarter. Czech National Bank now owns 28,364 shares of the asset manager’s stock valued at $26,932,000 after purchasing an additional 1,745 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in BlackRock by 7.2% in the third quarter. Miracle Mile Advisors LLC now owns 565 shares of the asset manager’s stock valued at $536,000 after purchasing an additional 38 shares during the last quarter. SignalPoint Asset Management LLC acquired a new stake in BlackRock in the third quarter valued at $210,000. Versant Capital Management Inc grew its holdings in BlackRock by 7.1% in the third quarter. Versant Capital Management Inc now owns 424 shares of the asset manager’s stock valued at $403,000 after purchasing an additional 28 shares during the last quarter. Finally, Callan Family Office LLC grew its holdings in BlackRock by 73.9% in the third quarter. Callan Family Office LLC now owns 1,040 shares of the asset manager’s stock valued at $987,000 after purchasing an additional 442 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on BLK. UBS Group increased their price objective 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. TD Cowen increased their price objective on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Evercore ISI increased their price objective 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. 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 research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods reduced their target price on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,120.67.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 in the company, valued at $69,117,330. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold a total of 110,190 shares of company stock worth $115,163,141 in the last 90 days. 0.90% of the stock is owned by corporate insiders.

BlackRock Stock Performance

BlackRock stock opened at $1,017.12 on Wednesday. The company has a market cap of $157.53 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,084.22. The stock’s 50-day moving average is $1,026.10 and its 200-day moving average is $965.17.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, beating 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 company’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the business posted $9.66 EPS. Equities analysts anticipate that BlackRock, Inc. will post 47.45 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is 49.62%.

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.