246 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by Fermata Advisors LLC

Fermata Advisors LLC purchased a new position in shares of BlackRock, Inc. (NYSE:BLK) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 246 shares of the asset manager’s stock, valued at approximately $252,000.

Several other large investors also recently modified their holdings of BLK. FSA Wealth Management LLC bought a new stake in BlackRock in the 3rd quarter valued at about $26,000. Fairscale Capital LLC bought a new stake in shares of BlackRock during the second quarter valued at approximately $31,000. Reston Wealth Management LLC acquired a new position in shares of BlackRock during the third quarter worth approximately $37,000. MFA Wealth Advisors LLC lifted its holdings in shares of BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after purchasing an additional 20 shares in the last quarter. Finally, West Financial Advisors LLC bought a new stake in BlackRock during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In related news, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction that occurred on Friday, December 6th. The shares were 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 directly owns 6,480 shares in the company, valued at approximately $6,777,432. The trade was a 84.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Robert L. Goldstein sold 54,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the completion of the transaction, the chief operating officer now directly owns 41,916 shares of the company’s stock, valued at $43,845,393.48. The trade was a 56.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BLK has been the subject of a number of analyst reports. StockNews.com began coverage on shares of BlackRock in a report on Thursday. They set a “hold” rating for the company. Evercore ISI lifted their price target 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. Deutsche Bank Aktiengesellschaft increased their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Thursday. Morgan Stanley upped their price target on BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Citigroup raised their price objective on BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Three investment 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, BlackRock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,103.33.

BlackRock Stock Performance

NYSE BLK opened at $1,004.23 on Friday. The company has a market capitalization of $155.54 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.06 and a current ratio of 5.06. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,082.45. The company has a 50-day simple moving average of $1,028.03 and a 200 day simple moving average of $944.64.

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 the consensus estimate of $11.52 by $0.41. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same quarter last year, the business posted $9.66 EPS. BlackRock’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, research analysts predict that BlackRock, Inc. will post 43.02 EPS for the current year.

BlackRock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were given a dividend of $5.10 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.03%. BlackRock’s dividend payout ratio 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.