GoalVest Advisory LLC Sells 20 Shares of BlackRock, Inc. (NYSE:BLK)

GoalVest Advisory LLC lessened its holdings in BlackRock, Inc. (NYSE:BLK) by 29.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48 shares of the asset manager’s stock after selling 20 shares during the quarter. GoalVest Advisory LLC’s holdings in BlackRock were worth $49,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. AE Wealth Management LLC increased its stake in shares of BlackRock by 19.9% in the 2nd quarter. AE Wealth Management LLC now owns 1,162 shares of the asset manager’s stock valued at $915,000 after acquiring an additional 193 shares during the last quarter. Frank Rimerman Advisors LLC increased its stake in BlackRock by 6,300.0% in the second quarter. Frank Rimerman Advisors LLC now owns 576 shares of the asset manager’s stock valued at $453,000 after purchasing an additional 567 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in BlackRock by 5.2% in the second quarter. EverSource Wealth Advisors LLC now owns 482 shares of the asset manager’s stock worth $379,000 after purchasing an additional 24 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of BlackRock by 60.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 28,527 shares of the asset manager’s stock worth $22,460,000 after purchasing an additional 10,706 shares in the last quarter. Finally, Sfmg LLC grew its holdings in shares of BlackRock by 2.1% in the 2nd quarter. Sfmg LLC now owns 4,964 shares of the asset manager’s stock valued at $3,908,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Transactions at BlackRock

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now directly owns 41,916 shares of the company’s stock, valued at $43,845,393.48. This represents a 56.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction on 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 completion of the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at $6,777,432. This represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Price Performance

Shares of NYSE BLK opened at $1,006.61 on Thursday. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,082.45. The stock has a market capitalization of $155.90 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.82 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The business has a 50-day moving average of $1,025.85 and a 200-day moving average of $951.47.

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 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 company had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the prior year, the business posted $9.66 EPS. The business’s revenue was up 22.6% compared to the same quarter last year. As a group, sell-side analysts predict that BlackRock, Inc. will post 47.43 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were paid a dividend of $5.10 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 annualized dividend and a dividend yield of 2.03%. BlackRock’s dividend payout ratio is presently 48.57%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective on BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. UBS Group raised their target price on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a report on Tuesday. Keefe, Bruyette & Woods cut their price target on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Wells Fargo & Company increased their price objective on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BlackRock presently has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

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.