BlackRock, Inc. (NYSE:BLK) Shares Purchased by MONECO Advisors LLC

MONECO Advisors LLC increased its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 675.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,077 shares of the asset manager’s stock after purchasing an additional 1,809 shares during the quarter. MONECO Advisors LLC’s holdings in BlackRock were worth $2,129,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FSA Wealth Management LLC purchased a new stake in shares of BlackRock during the third quarter valued at approximately $26,000. Collier Financial purchased a new stake in shares of BlackRock during the fourth quarter valued at approximately $32,000. Compass Planning Associates Inc purchased a new stake in shares of BlackRock during the fourth quarter valued at approximately $33,000. Atwood & Palmer Inc. purchased a new stake in shares of BlackRock during the fourth quarter valued at approximately $36,000. Finally, Reston Wealth Management LLC purchased a new stake in shares of BlackRock during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity

In other news, COO Robert L. Goldstein sold 54,000 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the completion of the transaction, the chief operating officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the transaction, the director now directly owns 68,433 shares of the company’s stock, valued at approximately $69,117,330. This trade represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,190 shares of company stock valued at $115,163,141. 0.90% of the stock is currently owned by company insiders.

BlackRock Stock Performance

BlackRock stock opened at $974.97 on Friday. The company has a market cap of $151.00 billion, a PE ratio of 23.21, a P/E/G ratio of 1.90 and a beta of 1.28. The company has a fifty day moving average price of $1,011.61 and a two-hundred day moving average price of $978.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,084.22.

BlackRock (NYSE:BLK) last released its quarterly earnings data 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 the consensus estimate of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $9.66 earnings per share. Research analysts expect that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be issued a dividend of $5.21 per share. This is an increase from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date is Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.14%. BlackRock’s payout ratio is 48.57%.

Analyst Ratings Changes

A number of research firms have recently issued reports on BLK. Keefe, Bruyette & Woods dropped their price objective on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Morgan Stanley lifted their price objective 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. Deutsche Bank Aktiengesellschaft raised their price target 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. StockNews.com began coverage on shares of BlackRock in a research report on Monday, February 17th. They set a “hold” rating for the company. Finally, Citigroup raised their price target on shares of BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

BlackRock Company 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.