Consilio Wealth Advisors LLC Invests $212,000 in BlackRock, Inc. (NYSE:BLK)

Consilio Wealth Advisors LLC bought a new stake in shares of BlackRock, Inc. (NYSE:BLK) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 207 shares of the asset manager’s stock, valued at approximately $212,000.

Several other institutional investors also recently bought and sold shares of the stock. Pathway Financial Advisers LLC lifted its holdings in BlackRock by 89,389.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after buying an additional 1,044,962 shares during the period. International Assets Investment Management LLC lifted its holdings in BlackRock by 104,468.9% in 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 period. FMR LLC lifted its holdings in BlackRock by 10.6% in the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock worth $2,244,608,000 after buying an additional 226,135 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in BlackRock in the 3rd quarter worth approximately $115,377,000. Finally, BNP Paribas Financial Markets raised its position in shares of BlackRock by 48.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 337,172 shares of the asset manager’s stock worth $320,148,000 after acquiring an additional 109,771 shares in the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BlackRock

In other news, COO Robert L. Goldstein sold 54,000 shares of BlackRock stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of BlackRock 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 sale, the director now directly owns 6,480 shares in the company, valued at $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

BlackRock Stock Performance

NYSE BLK traded up $0.56 on Monday, hitting $956.20. 562,299 shares of the company traded hands, compared to its average volume of 696,236. The company has a market capitalization of $148.10 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 1.92 and a beta of 1.28. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average price is $1,030.97 and its 200-day moving average price is $941.35. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,082.45.

BlackRock (NYSE:BLK) last released its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.42 by $1.04. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. BlackRock’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $10.91 earnings per share. Equities analysts expect that BlackRock, Inc. will post 43.18 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a yield of 2.13%. BlackRock’s dividend payout ratio is presently 50.35%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on BlackRock from $864.00 to $914.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. 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 report on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a research report on Monday, November 11th. TD Cowen raised their price objective on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company reduced their price objective on BlackRock from $1,200.00 to $1,155.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $1,083.92.

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.