Capital Advisors Wealth Management LLC Makes New $318,000 Investment in BlackRock, Inc. (NYSE:BLK)

Capital Advisors Wealth Management LLC purchased a new stake in shares of BlackRock, Inc. (NYSE:BLK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 310 shares of the asset manager’s stock, valued at approximately $318,000.

Other hedge funds have also modified their holdings of the company. FSA Wealth Management LLC acquired a new position in BlackRock in the 3rd quarter worth about $26,000. Fairscale Capital LLC bought a new stake in shares of BlackRock in the 2nd quarter valued at approximately $31,000. Reston Wealth Management LLC acquired a new position in BlackRock in the third quarter worth approximately $37,000. MFA Wealth Advisors LLC raised its position in BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 20 shares in the last quarter. Finally, West Financial Advisors LLC acquired a new stake in BlackRock in the fourth quarter valued at approximately $39,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Price Performance

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. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,082.45. The company has a fifty day moving average price of $1,028.86 and a 200 day moving average price of $944.29. The stock has a market cap of $154.11 billion, a P/E ratio of 24.56, a PEG ratio of 1.53 and a beta of 1.28.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same quarter in the prior year, the business earned $9.66 earnings per share. The firm’s revenue for the quarter was up 22.6% on a year-over-year basis. Analysts anticipate that BlackRock, Inc. will post 43.02 earnings per share for the current year.

BlackRock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were given a dividend of $5.10 per share. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Thursday, December 5th. BlackRock’s dividend payout ratio is presently 50.35%.

Insider Activity at BlackRock

In related news, Director Mark Wiedman sold 36,190 shares of the company’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 sale, the director now owns 6,480 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. 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 transaction, the chief operating officer now owns 41,916 shares of the company’s stock, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BLK shares. 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 report on Thursday, October 10th. The Goldman Sachs Group raised their target price on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company upped their price target on BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays reduced their target price on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a report on Monday. Finally, Evercore ISI increased their price target on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,103.33.

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.