Mirador Capital Partners LP Has $5.68 Million Holdings in BlackRock, Inc. (NYSE:BLK)

Mirador Capital Partners LP raised its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,536 shares of the asset manager’s stock after buying an additional 14 shares during the quarter. BlackRock comprises 1.0% of Mirador Capital Partners LP’s investment portfolio, making the stock its 23rd largest holding. Mirador Capital Partners LP’s holdings in BlackRock were worth $5,675,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Pathway Financial Advisers LLC raised its stake in shares of BlackRock by 89,389.4% in the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after purchasing an additional 1,044,962 shares in the last quarter. International Assets Investment Management LLC raised its stake in BlackRock by 104,468.9% during the third quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after acquiring an additional 791,874 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in BlackRock during the fourth quarter worth $330,662,000. FMR LLC raised its stake in BlackRock by 10.6% during the third quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock worth $2,244,608,000 after acquiring an additional 226,135 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in BlackRock during the third quarter worth $115,377,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Price Performance

BlackRock stock opened at $999.55 on Thursday. The business’s 50-day simple moving average is $1,029.20 and its 200 day simple moving average is $943.81. The stock has a market cap of $154.81 billion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 1.53 and a beta of 1.28. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,082.45. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. BlackRock’s revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the firm posted $9.66 earnings per share. As a group, research analysts anticipate that BlackRock, Inc. will post 43.02 earnings per share for the current year.

BlackRock Dividend Announcement

The company also recently announced 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 2.04%. The ex-dividend date was Thursday, December 5th. BlackRock’s dividend payout ratio is presently 50.35%.

Insider Activity at BlackRock

In other BlackRock news, Director Mark Wiedman sold 36,190 shares of the firm’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total value of $37,851,121.00. Following the completion of the transaction, the director now directly owns 6,480 shares in the company, valued at $6,777,432. This trade represents a 84.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Robert L. Goldstein sold 54,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were 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 of the company’s stock, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their price objective on BlackRock from $1,200.00 to $1,155.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Evercore ISI increased their price objective on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley increased their price objective on BlackRock from $1,245.00 to $1,261.00 and gave the stock an “overweight” rating in a research note on Friday, December 20th. Barclays decreased their target price on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a report on Monday. Finally, TD Cowen increased their target price on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,100.50.

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.