FSC Wealth Advisors LLC Invests $56,000 in BlackRock, Inc. (NYSE:BLK)

FSC Wealth Advisors LLC bought a new stake in BlackRock, Inc. (NYSE:BLK) during the 4th quarter, HoldingsChannel.com reports. The fund bought 55 shares of the asset manager’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its stake in shares of BlackRock by 89,389.4% in the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after purchasing an additional 1,044,962 shares during the last quarter. International Assets Investment Management LLC raised its position in BlackRock by 104,468.9% during the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after buying an additional 791,874 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in BlackRock during the 4th quarter valued at approximately $330,662,000. FMR LLC boosted its holdings in shares of BlackRock by 10.6% in the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock valued at $2,244,608,000 after acquiring an additional 226,135 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of BlackRock during the third quarter worth $115,377,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BLK. Barclays reduced their price objective on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. upped their price objective on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Morgan Stanley lifted their target price on shares of BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. TD Cowen raised their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, BlackRock currently has an average rating of “Moderate Buy” and a consensus price target of $1,120.67.

BlackRock Stock Up 0.9 %

Shares of BLK opened at $1,029.63 on Tuesday. The stock has a 50 day moving average price of $1,024.23 and a 200 day moving average price of $955.97. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,082.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The stock has a market capitalization of $159.47 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.82 and a beta of 1.28.

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, topping the consensus estimate of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm 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 firm posted $9.66 earnings per share. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. Equities research analysts forecast that BlackRock, Inc. will post 47.43 earnings per share for the current fiscal year.

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 5th were given a dividend of $5.10 per share. The ex-dividend date was Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a yield of 1.98%. BlackRock’s payout ratio is 48.57%.

Insiders Place Their Bets

In other BlackRock news, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 6,480 shares in the company, valued at $6,777,432. The trade was a 84.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director J. Richard Kushel sold 10,000 shares of the firm’s 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 transaction of $10,100,000.00. Following the sale, the director now owns 68,433 shares of the company’s stock, valued at $69,117,330. This represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,190 shares of company stock valued at $104,436,741. Insiders own 0.90% of the company’s stock.

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.