Mutual Advisors LLC Has $3.26 Million Stock Holdings in BlackRock, Inc. (NYSE:BLK)

Mutual Advisors LLC lowered its position in shares of BlackRock, Inc. (NYSE:BLK) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,271 shares of the asset manager’s stock after selling 133 shares during the quarter. Mutual Advisors LLC’s holdings in BlackRock were worth $3,257,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in shares of BlackRock in the 3rd quarter valued at approximately $26,000. Atwood & Palmer Inc. acquired a new position in shares of BlackRock in the fourth quarter valued at approximately $36,000. Reston Wealth Management LLC bought a new stake in shares of BlackRock during the third quarter worth $37,000. MFA Wealth Advisors LLC boosted its position in BlackRock by 100.0% during the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after acquiring an additional 20 shares during the last quarter. Finally, West Financial Advisors LLC acquired a new stake in BlackRock in the 4th quarter valued at $39,000. Institutional investors own 80.69% of the company’s stock.

Insider Activity at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Robert L. Goldstein sold 54,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 100,190 shares of company stock valued at $104,436,741 in the last ninety days. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted 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. The Goldman Sachs Group increased their price objective on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. TD Cowen boosted their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. StockNews.com started coverage on BlackRock in a report on Friday. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods decreased their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, BlackRock presently has an average rating of “Moderate Buy” and a consensus target price of $1,120.67.

BlackRock Price Performance

NYSE BLK opened at $1,016.99 on Friday. The firm has a market capitalization of $157.51 billion, a P/E ratio of 24.21, a PEG ratio of 1.83 and a beta of 1.28. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,082.45. The company has a 50-day moving average price of $1,025.37 and a 200-day moving average price of $951.85. 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 (NYSE:BLK) last posted 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. The company had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. BlackRock’s 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. Equities research analysts anticipate that BlackRock, Inc. will post 47.43 earnings per share for the current year.

BlackRock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th were paid 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 2.01%. BlackRock’s payout ratio is 48.57%.

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.