BlackRock, Inc. (NYSE:BLK) Shares Sold by Buckhead Capital Management LLC

Buckhead Capital Management LLC lowered its stake in BlackRock, Inc. (NYSE:BLK) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,126 shares of the asset manager’s stock after selling 47 shares during the quarter. BlackRock comprises about 1.7% of Buckhead Capital Management LLC’s holdings, making the stock its 20th biggest position. Buckhead Capital Management LLC’s holdings in BlackRock were worth $5,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new position in shares of BlackRock in the third quarter valued at approximately $26,000. Collier Financial acquired a new stake in BlackRock in the fourth quarter worth approximately $32,000. Atwood & Palmer Inc. bought a new position in BlackRock during the 4th quarter valued at $36,000. West Financial Advisors LLC acquired a new position in shares of BlackRock during the 4th quarter valued at $39,000. Finally, Reston Wealth Management LLC bought a new stake in shares of BlackRock in the 3rd quarter worth $37,000. Institutional investors own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In related news, 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mark Wiedman sold 36,190 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the transaction, the director now directly owns 6,480 shares in the company, valued at approximately $6,777,432. The trade was a 84.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,190 shares of company stock worth $115,163,141. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BLK shares. StockNews.com began coverage on BlackRock in a report on Sunday, February 9th. They set a “hold” rating 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 note on Thursday, January 16th. Morgan Stanley increased 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. Finally, UBS Group increased their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $1,120.67.

BlackRock Price Performance

BLK opened at $980.48 on Friday. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,084.22. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $151.86 billion, a P/E ratio of 23.34, a PEG ratio of 1.93 and a beta of 1.28. The stock has a fifty day moving average of $1,021.99 and a 200-day moving average of $971.97.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the business earned $9.66 EPS. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. Equities analysts forecast that BlackRock, Inc. will post 47.44 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. Investors of record on Friday, March 7th will be given a dividend of $5.21 per share. The ex-dividend date is Friday, March 7th. This is an increase from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 2.13%. BlackRock’s payout ratio is presently 49.62%.

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.