Cypress Wealth Services LLC Has $1.03 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Cypress Wealth Services LLC decreased its stake in BlackRock, Inc. (NYSE:BLK) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,004 shares of the asset manager’s stock after selling 11 shares during the quarter. Cypress Wealth Services LLC’s holdings in BlackRock were worth $1,029,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Marino Stram & Associates LLC boosted its stake in shares of BlackRock by 0.3% in the 3rd quarter. Marino Stram & Associates LLC now owns 3,399 shares of the asset manager’s stock valued at $3,227,000 after purchasing an additional 10 shares in the last quarter. Fidelity D & D Bancorp Inc. lifted its holdings in BlackRock by 3.7% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager’s stock valued at $263,000 after purchasing an additional 10 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its position in BlackRock by 3.5% in the third quarter. Onyx Bridge Wealth Group LLC now owns 328 shares of the asset manager’s stock valued at $312,000 after buying an additional 11 shares in the last quarter. Ballentine Partners LLC grew its stake in BlackRock by 0.3% during the third quarter. Ballentine Partners LLC now owns 3,424 shares of the asset manager’s stock worth $3,251,000 after buying an additional 11 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in BlackRock by 0.4% during the third quarter. Harbor Capital Advisors Inc. now owns 2,979 shares of the asset manager’s stock worth $2,829,000 after buying an additional 11 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BLK has been the topic of several recent analyst reports. Barclays reduced their target price on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a report on Monday. JPMorgan Chase & Co. boosted their price objective on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research note on Tuesday. Citigroup raised their target price 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. StockNews.com began coverage on shares of BlackRock in a research report on Thursday. They set a “hold” rating on the stock. Finally, Morgan Stanley boosted their target price on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,103.33.

BlackRock Stock Down 1.8 %

Shares of NYSE:BLK opened at $995.02 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a market cap of $154.11 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 1.53 and a beta of 1.28. The company has a 50 day moving average of $1,028.86 and a 200-day moving average of $944.29. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,082.45.

BlackRock (NYSE:BLK) last released its earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $9.66 EPS. On average, sell-side analysts forecast that BlackRock, Inc. will post 43.02 earnings per share 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 issued a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, December 5th. BlackRock’s dividend payout ratio (DPR) is currently 50.35%.

Insider Transactions at BlackRock

In other BlackRock news, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 41,916 shares of the company’s stock, valued at approximately $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. Corporate insiders own 0.90% of the company’s stock.

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.