Fortem Financial Group LLC Has $719,000 Stock Position in BlackRock, Inc. (NYSE:BLK)

Fortem Financial Group LLC raised its position in shares of BlackRock, Inc. (NYSE:BLK) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 701 shares of the asset manager’s stock after acquiring an additional 43 shares during the period. Fortem Financial Group LLC’s holdings in BlackRock were worth $719,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new position in BlackRock during the 3rd quarter worth $26,000. Fairscale Capital LLC acquired a new position in shares of BlackRock in the second quarter valued at about $31,000. Reston Wealth Management LLC bought a new position in BlackRock during the third quarter worth about $37,000. MFA Wealth Advisors LLC boosted its holdings in BlackRock by 100.0% in the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 20 shares during the period. Finally, Addison Advisors LLC grew its position in shares of BlackRock by 81.5% during the 3rd quarter. Addison Advisors LLC now owns 49 shares of the asset manager’s stock worth $47,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the completion of the sale, the chief operating officer now owns 41,916 shares of the company’s stock, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the stock in a transaction 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 owns 6,480 shares of the company’s stock, valued at approximately $6,777,432. This trade 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 owned by corporate insiders.

BlackRock Trading Down 0.8 %

BlackRock stock traded down $7.71 during trading hours on Monday, hitting $1,013.12. The stock had a trading volume of 338,584 shares, compared to its average volume of 463,617. The business’s 50 day simple moving average is $1,030.95 and its 200-day simple moving average is $934.54. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,082.45. The stock has a market cap of $156.91 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 1.92 and a beta of 1.28. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last posted its earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, topping the consensus estimate of $10.42 by $1.04. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the company earned $10.91 EPS. The firm’s revenue was up 14.9% compared to the same quarter last year. On average, equities analysts predict that BlackRock, Inc. will post 43.18 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 5th were issued a $5.10 dividend. The ex-dividend date was Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a yield of 2.01%. BlackRock’s payout ratio is 50.35%.

Analyst Ratings Changes

BLK has been the subject of several recent research reports. StockNews.com initiated coverage on BlackRock in a research note on Tuesday, December 31st. They issued a “hold” rating for the company. Citigroup increased their target price on BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. The Goldman Sachs Group boosted their price target on BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company increased their price objective on shares of BlackRock from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of BlackRock from $1,105.00 to $1,133.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,063.00.

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.