TCI Wealth Advisors Inc. Has $275,000 Stake in BlackRock, Inc. (NYSE:BLK)

TCI Wealth Advisors Inc. reduced its stake in shares of BlackRock, Inc. (NYSE:BLK) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268 shares of the asset manager’s stock after selling 26 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in BlackRock were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BLK. FSA Wealth Management LLC acquired a new stake in BlackRock during the 3rd quarter valued at $26,000. Atwood & Palmer Inc. acquired a new stake in shares of BlackRock in the fourth quarter valued at $36,000. Reston Wealth Management LLC bought a new position in shares of BlackRock in the third quarter valued at about $37,000. MFA Wealth Advisors LLC lifted its position in BlackRock by 100.0% during the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after buying an additional 20 shares in the last quarter. Finally, West Financial Advisors LLC bought a new stake in BlackRock during the 4th quarter worth about $39,000. 80.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 68,433 shares in the company, valued at approximately $69,117,330. The trade was a 12.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 stock was 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 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. In the last three months, insiders have sold 110,190 shares of company stock worth $115,163,141. Company insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BLK shares. Wells Fargo & Company upped their target price 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. Deutsche Bank Aktiengesellschaft increased their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Citigroup boosted their target price on BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods decreased their price target 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. Finally, Evercore ISI boosted their price objective on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Three investment 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 company has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

BlackRock Stock Up 0.4 %

Shares of NYSE:BLK opened at $1,075.83 on Friday. The company has a 50 day moving average price of $1,025.64 and a two-hundred day moving average price of $960.42. The company has a market capitalization of $166.62 billion, a PE ratio of 25.62, a PEG ratio of 1.90 and a beta of 1.28. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,084.22. 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 data on Wednesday, January 15th. The asset manager reported $11.93 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 business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the business posted $9.66 EPS. The firm’s revenue was up 22.6% compared to the same quarter last year. Analysts forecast that BlackRock, Inc. will post 47.45 earnings per share for the current year.

BlackRock Increases Dividend

The firm 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 $5.21 dividend. The ex-dividend date is Friday, March 7th. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a dividend yield of 1.94%. BlackRock’s payout ratio is currently 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.