Walter & Keenan Wealth Management LLC IN ADV Has $381,000 Holdings in BlackRock, Inc. (NYSE:BLK)

Walter & Keenan Wealth Management LLC IN ADV decreased its holdings in BlackRock, Inc. (NYSE:BLK) by 13.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 372 shares of the asset manager’s stock after selling 57 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in BlackRock were worth $381,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Oddo BHF Asset Management Sas acquired a new stake in shares of BlackRock during the 3rd quarter valued at $518,000. Erste Asset Management GmbH purchased a new stake in shares of BlackRock during the third quarter worth $32,904,000. Raymond James Trust N.A. boosted its position in BlackRock by 2.3% during the third quarter. Raymond James Trust N.A. now owns 27,092 shares of the asset manager’s stock valued at $25,724,000 after purchasing an additional 614 shares during the last quarter. MML Investors Services LLC increased its position in BlackRock by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 68,466 shares of the asset manager’s stock worth $65,010,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its stake in shares of BlackRock by 20.4% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,338 shares of the asset manager’s stock worth $3,169,000 after purchasing an additional 565 shares in the last quarter. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 36,190 shares of the business’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 transaction of $37,851,121.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the completion of the transaction, the director now directly owns 68,433 shares of the company’s stock, valued at approximately $69,117,330. This trade represents a 12.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,190 shares of company stock worth $115,163,141. 0.90% of the stock is currently owned by company insiders.

BlackRock Trading Down 1.5 %

BlackRock stock opened at $991.95 on Monday. The business’s 50-day simple moving average is $1,024.93 and its 200-day simple moving average is $968.98. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,084.22. The firm has a market capitalization of $153.63 billion, a PE ratio of 23.62, a PEG ratio of 1.93 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23.

BlackRock (NYSE:BLK) last issued 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 during the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the company earned $9.66 earnings per share. Equities research analysts forecast that BlackRock, Inc. will post 47.44 earnings per share for the current year.

BlackRock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be issued a $5.21 dividend. 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 2.10%. BlackRock’s dividend payout ratio is 48.57%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. UBS Group increased their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price target 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. Wells Fargo & Company lifted their price objective on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods lowered their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Finally, Evercore ISI boosted their price target on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,120.67.

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.