Mascoma Wealth Management LLC Purchases 11 Shares of BlackRock, Inc. (NYSE:BLK)

Mascoma Wealth Management LLC grew its position in BlackRock, Inc. (NYSE:BLK) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127 shares of the asset manager’s stock after acquiring an additional 11 shares during the period. Mascoma Wealth Management LLC’s holdings in BlackRock were worth $130,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its holdings in BlackRock by 218.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,468 shares of the asset manager’s stock worth $37,384,000 after purchasing an additional 25,020 shares during the period. Rakuten Securities Inc. boosted its holdings in shares of BlackRock by 65.1% during the 4th quarter. Rakuten Securities Inc. now owns 246 shares of the asset manager’s stock worth $252,000 after buying an additional 97 shares during the period. Avantax Advisory Services Inc. grew its stake in BlackRock by 5.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,747 shares of the asset manager’s stock valued at $15,117,000 after buying an additional 758 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in BlackRock by 256.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 7,584 shares of the asset manager’s stock valued at $7,774,000 after acquiring an additional 5,456 shares during the period. Finally, Great Lakes Advisors LLC lifted its position in BlackRock by 1.0% during the fourth quarter. Great Lakes Advisors LLC now owns 168,258 shares of the asset manager’s stock worth $172,484,000 after acquiring an additional 1,591 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BLK has been the topic of several research reports. Wells Fargo & Company upped their target price on BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. UBS Group increased their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. StockNews.com assumed coverage on BlackRock in a report on Thursday. They set a “hold” rating for the company. Morgan Stanley upped their price target on shares of 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, JPMorgan Chase & Co. lifted their price objective on shares of BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,120.67.

BlackRock Price Performance

BLK stock opened at $909.96 on Thursday. The company’s 50-day moving average price is $987.79 and its two-hundred day moving average price is $985.88. The firm has a market cap of $141.27 billion, a P/E ratio of 21.67, a P/E/G ratio of 1.90 and a beta of 1.29. 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.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same period last year, the firm posted $9.66 earnings per share. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share 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 given a dividend of $5.21 per share. This is an increase from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a dividend yield of 2.29%. The ex-dividend date is Friday, March 7th. BlackRock’s dividend payout ratio is currently 49.62%.

Insider Activity at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the sale, the director now directly owns 68,433 shares in the company, valued at approximately $73,403,973.12. This trade represents a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 20,430 shares of company stock valued at $21,234,629 over the last ninety days. 0.90% of the stock is owned by corporate insiders.

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.