Mayflower Financial Advisors LLC Lowers Stake in BlackRock, Inc. (NYSE:BLK)

Mayflower Financial Advisors LLC reduced its position in BlackRock, Inc. (NYSE:BLK) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,637 shares of the asset manager’s stock after selling 23 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in BlackRock were worth $1,678,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Oddo BHF Asset Management Sas purchased a new stake in shares of BlackRock during the third quarter worth about $518,000. Erste Asset Management GmbH purchased a new stake in BlackRock in the 3rd quarter worth approximately $32,904,000. Raymond James Trust N.A. raised its stake in shares of BlackRock by 2.3% during the 3rd quarter. Raymond James Trust N.A. now owns 27,092 shares of the asset manager’s stock worth $25,724,000 after buying an additional 614 shares during the period. MML Investors Services LLC raised its stake in shares of BlackRock by 2.8% during the 3rd quarter. MML Investors Services LLC now owns 68,466 shares of the asset manager’s stock worth $65,010,000 after buying an additional 1,852 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of BlackRock by 20.4% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,338 shares of the asset manager’s stock worth $3,169,000 after buying an additional 565 shares during the period. 80.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of BlackRock 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 value of $10,100,000.00. Following the sale, the director now directly owns 68,433 shares in the company, valued at $69,117,330. The trade was a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction 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 sale, the director now owns 6,480 shares in the company, valued at approximately $6,777,432. The trade was a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,190 shares of company stock worth $104,436,741. 0.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BLK has been the subject of several recent research reports. 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. JPMorgan Chase & Co. increased their price target on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. The Goldman Sachs Group raised their target price on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Citigroup increased 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. Finally, Wells Fargo & Company raised their target price on 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

BlackRock Trading Up 2.1 %

Shares of BLK stock opened at $1,051.91 on Wednesday. The business’s 50 day moving average is $1,023.82 and its two-hundred day moving average is $957.41. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,082.45. The company has a market capitalization of $162.92 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 1.82 and a beta of 1.28. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating the consensus estimate of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period last year, the business posted $9.66 EPS. The company’s revenue was up 22.6% on a year-over-year basis. Equities analysts forecast that BlackRock, Inc. will post 47.43 EPS for the current year.

BlackRock Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th were paid a $5.10 dividend. The ex-dividend date was Thursday, December 5th. This represents a $20.40 annualized dividend and a dividend yield of 1.94%. BlackRock’s dividend payout ratio (DPR) is currently 48.57%.

About BlackRock

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.