Hengehold Capital Management LLC Sells 83 Shares of BlackRock, Inc. (NYSE:BLK)

Hengehold Capital Management LLC lowered its holdings in BlackRock, Inc. (NYSE:BLK) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,258 shares of the asset manager’s stock after selling 83 shares during the period. Hengehold Capital Management LLC’s holdings in BlackRock were worth $5,390,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. FSA Wealth Management LLC purchased a new stake in BlackRock in the third quarter worth approximately $26,000. Atwood & Palmer Inc. purchased a new stake in shares of BlackRock during the fourth quarter valued at approximately $36,000. Reston Wealth Management LLC bought a new position in shares of BlackRock in the third quarter worth approximately $37,000. MFA Wealth Advisors LLC increased its stake in shares of BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after buying an additional 20 shares during the period. Finally, West Financial Advisors LLC bought a new stake in BlackRock during the 4th quarter valued at $39,000. Institutional investors own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

BLK has been the subject of several recent analyst reports. StockNews.com assumed coverage on shares of BlackRock in a research note on Friday. They set a “hold” rating for the company. Citigroup upped their price target on BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. TD Cowen lifted their price objective on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. 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. Finally, The Goldman Sachs Group raised their price target on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $1,120.67.

Insiders Place Their Bets

In related news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the sale, the director now owns 68,433 shares in the company, valued at approximately $69,117,330. This trade represents a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 of the company’s stock, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,190 shares of company stock valued at $104,436,741. Insiders own 0.90% of the company’s stock.

BlackRock Stock Up 1.1 %

NYSE:BLK opened at $1,016.99 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The firm’s 50-day moving average price is $1,025.37 and its 200-day moving average price is $951.85. The company has a market capitalization of $157.51 billion, a PE ratio of 24.21, a P/E/G ratio of 1.83 and a beta of 1.28. 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 quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. The business had revenue of $5.68 billion for 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%. The business’s revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $9.66 earnings per share. On average, equities analysts predict that BlackRock, Inc. will post 47.43 EPS for the current fiscal year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th were paid a dividend of $5.10 per share. The ex-dividend date was Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a yield of 2.01%. BlackRock’s dividend payout ratio is currently 48.57%.

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.