786 Shares in BlackRock, Inc. (NYSE:BLK) Purchased by MTM Investment Management LLC

MTM Investment Management LLC bought a new position in shares of BlackRock, Inc. (NYSE:BLK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 786 shares of the asset manager’s stock, valued at approximately $806,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in BlackRock during the third quarter worth about $26,000. Collier Financial acquired a new stake in BlackRock during the fourth quarter worth about $32,000. Atwood & Palmer Inc. acquired a new stake in BlackRock during the fourth quarter worth about $36,000. Reston Wealth Management LLC acquired a new stake in BlackRock during the third quarter worth about $37,000. Finally, MFA Wealth Advisors LLC boosted its position in BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after purchasing an additional 20 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Stock Performance

Shares of BlackRock stock opened at $973.54 on Thursday. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,084.22. The company has a market cap of $150.78 billion, a price-to-earnings ratio of 23.18, 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. The business’s 50 day moving average price is $1,023.22 and its 200 day moving average price is $971.96.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 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 firm 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 earnings per share. The firm’s revenue was up 22.6% compared to the same quarter last year. On average, research analysts predict that BlackRock, Inc. will post 47.44 EPS for the current 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. This is an increase from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date is Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a yield of 2.14%. BlackRock’s dividend payout ratio (DPR) is presently 48.57%.

Insider Activity at BlackRock

In related news, COO Robert L. Goldstein sold 54,000 shares of the business’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 sale, the chief operating officer now owns 41,916 shares in the company, valued at approximately $43,845,393.48. The trade was a 56.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the completion of the sale, the director now owns 68,433 shares in the company, valued at $69,117,330. This represents a 12.75 % decrease in their position. 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.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods lowered their price target on 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. StockNews.com assumed coverage on BlackRock in a research report on Sunday. They set a “hold” rating on the stock. Evercore ISI increased 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. Morgan Stanley increased their price target on BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. raised their target price on BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and an average price target of $1,120.67.

About BlackRock

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.