Capital Advisors Wealth Management LLC Purchases Shares of 310 BlackRock, Inc. (NYSE:BLK)

Capital Advisors Wealth Management LLC acquired a new position in shares of BlackRock, Inc. (NYSE:BLK) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 310 shares of the asset manager’s stock, valued at approximately $318,000.

A number of other institutional investors also recently modified their holdings of the company. Legacy Wealth Asset Management LLC acquired a new stake in BlackRock during the 4th quarter valued at $904,000. Mirador Capital Partners LP increased its stake in shares of BlackRock by 0.3% in the fourth quarter. Mirador Capital Partners LP now owns 5,536 shares of the asset manager’s stock valued at $5,675,000 after buying an additional 14 shares in the last quarter. West Coast Financial LLC bought a new position in shares of BlackRock in the fourth quarter valued at about $304,000. West Financial Advisors LLC acquired a new position in BlackRock during the 4th quarter worth about $39,000. Finally, Flywheel Private Wealth LLC bought a new stake in BlackRock during the 4th quarter worth about $492,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Performance

Shares of BLK stock opened at $995.02 on Friday. The stock has a market cap of $154.11 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28. The stock has a 50-day moving average of $1,028.86 and a 200-day moving average of $944.29. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,082.45.

BlackRock (NYSE:BLK) last issued its 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 31.37% and a return on equity of 15.52%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.66 earnings per share. As a group, sell-side analysts expect 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. Shareholders of record on Thursday, December 5th were issued a dividend of $5.10 per share. The ex-dividend date was Thursday, December 5th. This represents a $20.40 annualized dividend and a yield of 2.05%. BlackRock’s dividend payout ratio is presently 50.35%.

Analyst Ratings Changes

BLK has been the topic of a number of research reports. Keefe, Bruyette & Woods reduced 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. Citigroup upped their price objective on BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. StockNews.com began coverage on BlackRock in a research note on Thursday. They issued a “hold” rating for the company. JPMorgan Chase & Co. upped their price target on BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,103.33.

Insider Buying and Selling at BlackRock

In other news, COO Robert L. Goldstein sold 54,000 shares of the company’s 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 value of $56,485,620.00. Following the completion of the transaction, the chief operating officer now owns 41,916 shares in the company, valued at $43,845,393.48. This represents a 56.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark Wiedman sold 36,190 shares of the firm’s 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 in the company, valued at approximately $6,777,432. The trade was a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

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.