Brady Martz Wealth Solutions LLC Takes $1.84 Million Position in BlackRock, Inc. (NYSE:BLK)

Brady Martz Wealth Solutions LLC bought a new stake in BlackRock, Inc. (NYSE:BLK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,910 shares of the asset manager’s stock, valued at approximately $1,840,000.

Other hedge funds have also recently bought and sold shares of the company. Artemis Investment Management LLP boosted its position in shares of BlackRock by 48.2% in the 4th quarter. Artemis Investment Management LLP now owns 39,539 shares of the asset manager’s stock worth $40,532,000 after buying an additional 12,864 shares in the last quarter. Liberty One Investment Management LLC raised its position in BlackRock by 3.5% during the fourth quarter. Liberty One Investment Management LLC now owns 5,258 shares of the asset manager’s stock worth $5,390,000 after acquiring an additional 179 shares during the last quarter. Stillwater Capital Advisors LLC lifted its holdings in shares of BlackRock by 1.3% in the fourth quarter. Stillwater Capital Advisors LLC now owns 18,997 shares of the asset manager’s stock valued at $19,474,000 after purchasing an additional 237 shares in the last quarter. Clarius Group LLC acquired a new stake in shares of BlackRock in the fourth quarter valued at approximately $802,000. Finally, Joule Financial LLC purchased a new position in shares of BlackRock during the 4th quarter worth approximately $211,000. 80.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BlackRock

In related news, Director Mark Wiedman sold 36,190 shares of the firm’s stock in a transaction dated 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. This trade represents a 84.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Robert L. Goldstein sold 54,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

BlackRock Price Performance

Shares of BlackRock stock opened at $1,004.23 on Friday. The stock has a market capitalization of $155.54 billion, a P/E ratio of 24.78, a PEG ratio of 1.53 and a beta of 1.28. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average price is $1,027.33 and its 200 day moving average price is $946.18. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,082.45.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same quarter in the previous year, the business earned $9.66 EPS. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. As a group, research analysts anticipate that BlackRock, Inc. will post 43.02 earnings per share for the current year.

BlackRock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were paid a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Thursday, December 5th. BlackRock’s dividend payout ratio is presently 50.35%.

Analysts Set New Price Targets

BLK has been the subject of several recent research reports. Morgan Stanley raised 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. Evercore ISI boosted their target price on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Citigroup boosted their price objective on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Keefe, Bruyette & Woods decreased 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, StockNews.com initiated coverage on BlackRock in a report on Thursday. They issued a “hold” rating for the company. Three research 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 a consensus rating of “Moderate Buy” and a consensus price target of $1,103.33.

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.