BlackRock, Inc. (NYSE:BLK) Stock Holdings Lessened by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC lowered its stake in BlackRock, Inc. (NYSE:BLK) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,514 shares of the asset manager’s stock after selling 1,020 shares during the period. BlackRock makes up about 1.7% of M. Kulyk & Associates LLC’s investment portfolio, making the stock its 18th largest holding. M. Kulyk & Associates LLC’s holdings in BlackRock were worth $7,703,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Fidelity D & D Bancorp Inc. increased its holdings in shares of BlackRock by 3.7% in the third quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager’s stock valued at $263,000 after buying an additional 10 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of BlackRock by 8.7% in the fourth quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager’s stock valued at $128,000 after buying an additional 10 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its holdings in shares of BlackRock by 0.8% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager’s stock valued at $1,311,000 after buying an additional 10 shares in the last quarter. Legacy Capital Group California Inc. increased its holdings in shares of BlackRock by 2.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock valued at $377,000 after buying an additional 10 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in BlackRock by 0.7% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,524 shares of the asset manager’s stock valued at $1,447,000 after purchasing an additional 11 shares during the period. Institutional investors own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BLK. JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Citigroup boosted their target price on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Wells Fargo & Company boosted their target price on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Barclays cut their target price on shares of 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, Deutsche Bank Aktiengesellschaft boosted their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and an average price target of $1,120.67.

Insider Buying and Selling

In related news, Director J. Richard Kushel sold 430 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $949.37, for a total value of $408,229.10. Following the completion of the sale, the director now directly owns 3,720 shares in the company, valued at approximately $3,531,656.40. This represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders sold 20,430 shares of company stock worth $21,234,629. Corporate insiders own 0.90% of the company’s stock.

BlackRock Trading Down 1.2 %

BlackRock stock opened at $947.96 on Friday. The company’s fifty day simple moving average is $994.60 and its 200-day simple moving average is $985.00. 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 $1,084.22. The stock has a market cap of $146.82 billion, a P/E ratio of 22.57, a P/E/G ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK) last issued its quarterly earnings data 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 firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. BlackRock’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the prior year, the company posted $9.66 earnings per share. As a group, sell-side analysts forecast that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be issued a $5.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 2.20%. BlackRock’s dividend payout ratio is currently 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.