BlackRock, Inc. (NYSE:BLK) Shares Acquired by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC lifted its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,397 shares of the asset manager’s stock after acquiring an additional 61 shares during the period. Trifecta Capital Advisors LLC’s holdings in BlackRock were worth $4,507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mengis Capital Management Inc. raised its position in shares of BlackRock by 9.4% during the 4th quarter. Mengis Capital Management Inc. now owns 443 shares of the asset manager’s stock worth $454,000 after acquiring an additional 38 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of BlackRock by 2.0% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 4,156 shares of the asset manager’s stock worth $4,260,000 after acquiring an additional 83 shares in the last quarter. Portland Financial Advisors Inc acquired a new stake in shares of BlackRock during the 4th quarter worth about $353,000. W.G. Shaheen & Associates DBA Whitney & Co raised its position in shares of BlackRock by 0.8% during the 4th quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 16,293 shares of the asset manager’s stock worth $16,702,000 after acquiring an additional 129 shares in the last quarter. Finally, Edge Capital Group LLC grew its stake in BlackRock by 4.1% during the 4th quarter. Edge Capital Group LLC now owns 507 shares of the asset manager’s stock worth $520,000 after buying an additional 20 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Ratings Changes

BLK has been the topic of a number of research reports. Morgan Stanley raised their price target on BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft raised their price target on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Evercore ISI raised their price target on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company raised their price target on BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,120.67.

Insider Activity at BlackRock

In related news, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the completion of the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $6,777,432. The trade was a 84.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Robert L. Goldstein sold 54,000 shares of BlackRock 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 transaction, the chief operating officer now directly 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. Insiders have sold a total of 110,190 shares of company stock worth $115,163,141 over the last three months. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Trading Down 2.3 %

Shares of BLK stock opened at $951.45 on Tuesday. The business’s 50 day moving average is $1,009.33 and its two-hundred day moving average is $979.66. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,084.22. The company has a market capitalization of $147.36 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 1.90 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 posted its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the previous year, the business earned $9.66 earnings per share. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities analysts forecast that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be paid a $5.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.19%. BlackRock’s payout ratio is 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.