Blake Schutter Theil Wealth Advisors LLC Has $224,000 Holdings in BlackRock, Inc. (NYSE:BLK)

Blake Schutter Theil Wealth Advisors LLC decreased its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 81.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219 shares of the asset manager’s stock after selling 960 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC’s holdings in BlackRock were worth $224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in BlackRock during the 3rd quarter worth $26,000. Collier Financial acquired a new position in shares of BlackRock in the 4th quarter valued at $32,000. Compass Planning Associates Inc bought a new position in shares of BlackRock in the 4th quarter worth $33,000. Atwood & Palmer Inc. acquired a new stake in shares of BlackRock during the fourth quarter worth $36,000. Finally, West Financial Advisors LLC bought a new position in BlackRock during the fourth quarter worth about $39,000. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Down 1.2 %

Shares of BLK stock opened at $947.96 on Friday. The firm’s fifty day moving average price is $994.60 and its two-hundred day moving average price is $985.00. 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, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22. The firm has a market capitalization of $146.82 billion, a P/E ratio of 22.57, a PEG ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK) last released its earnings results 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. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter in the previous year, the business earned $9.66 earnings per share. BlackRock’s quarterly revenue was up 22.6% on a year-over-year basis. On average, equities analysts predict that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be issued a $5.21 dividend. This represents a $20.84 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio is presently 49.62%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BLK shares. Wells Fargo & Company upped their price target on BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley upped their target price 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. Citigroup lifted 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. JPMorgan Chase & Co. upped their price objective on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods reduced their target price on 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

Insider Activity at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the sale, the director now directly owns 68,433 shares of the company’s stock, valued at approximately $73,403,973.12. This represents a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 20,430 shares of company stock valued at $21,234,629. 0.90% of the stock is owned by corporate insiders.

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.