BOK Financial Private Wealth Inc. Has $888,000 Stock Position in BlackRock, Inc. (NYSE:BLK)

BOK Financial Private Wealth Inc. decreased its position in shares of BlackRock, Inc. (NYSE:BLK) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 866 shares of the asset manager’s stock after selling 32 shares during the quarter. BOK Financial Private Wealth Inc.’s holdings in BlackRock were worth $888,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in BlackRock during the third quarter worth $26,000. Collier Financial acquired a new stake in shares of BlackRock in the 4th quarter worth about $32,000. Compass Planning Associates Inc bought a new position in BlackRock in the 4th quarter valued at about $33,000. Atwood & Palmer Inc. acquired a new position in BlackRock during the 4th quarter valued at about $36,000. Finally, West Financial Advisors LLC bought a new stake in BlackRock during the 4th quarter worth approximately $39,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Trading Down 1.2 %

Shares of BLK opened at $947.96 on Friday. The business’s 50-day moving average price is $994.60 and its 200-day moving average price is $985.00. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,084.22. The stock has a market cap of $146.82 billion, a PE ratio of 22.57, a P/E/G ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, beating the consensus estimate of $11.52 by $0.41. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the firm earned $9.66 EPS. On average, equities analysts forecast that BlackRock, Inc. will post 47.41 EPS for the current fiscal year.

BlackRock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be given a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Friday, March 7th. This is an increase from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is 49.62%.

Insider Buying and Selling

In other news, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the sale, the director now owns 68,433 shares in the company, valued at approximately $73,403,973.12. This trade represents a 12.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 20,430 shares of company stock worth $21,234,629. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

BLK has been the topic of several analyst reports. JPMorgan Chase & Co. lifted 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. Deutsche Bank Aktiengesellschaft lifted their price target on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Morgan Stanley lifted their target price on BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. StockNews.com initiated coverage on shares of BlackRock in a report on Wednesday. They set a “hold” rating for the company. Finally, Keefe, Bruyette & Woods dropped 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 note on Monday, January 13th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.