Brighton Jones LLC Has $1.62 Million Position in BlackRock, Inc. (NYSE:BLK)

Brighton Jones LLC increased its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 23.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,575 shares of the asset manager’s stock after buying an additional 296 shares during the period. Brighton Jones LLC’s holdings in BlackRock were worth $1,615,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in shares of BlackRock in the third quarter worth $26,000. Atwood & Palmer Inc. bought a new stake in shares of BlackRock in the 4th quarter valued at about $36,000. Reston Wealth Management LLC acquired a new stake in shares of BlackRock in the third quarter valued at about $37,000. MFA Wealth Advisors LLC raised its position in shares of BlackRock by 100.0% during the third 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 bought a new stake in BlackRock in the fourth quarter valued at approximately $39,000. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Performance

BLK opened at $1,020.19 on Friday. The company has a market cap of $158.01 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 1.82 and a beta of 1.28. The company’s fifty day moving average price is $1,024.77 and its two-hundred day moving average price is $952.31. BlackRock, Inc. has a 1-year low of $745.55 and a 1-year high of $1,082.45. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating the consensus estimate of $11.52 by $0.41. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter last year, the firm earned $9.66 EPS. On average, analysts expect that BlackRock, Inc. will post 47.43 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 5th were given a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Thursday, December 5th. BlackRock’s payout ratio is currently 48.57%.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the 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 completion of the sale, the director now owns 68,433 shares in the company, valued at approximately $69,117,330. This trade represents a 12.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Robert L. Goldstein sold 54,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer now owns 41,916 shares in the company, valued at $43,845,393.48. The trade was a 56.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,190 shares of company stock worth $104,436,741. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

BLK has been the subject of several analyst reports. 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 report on Monday, December 23rd. Morgan Stanley boosted 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. Deutsche Bank Aktiengesellschaft increased their price target on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. The Goldman Sachs Group upped their target price on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, StockNews.com started coverage on BlackRock in a report on Friday. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,120.67.

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.