214 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC bought a new stake in shares of BlackRock, Inc. (NYSE:BLK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 214 shares of the asset manager’s stock, valued at approximately $219,000.

Several other institutional investors have also added to or reduced their stakes in BLK. FSA Wealth Management LLC purchased a new stake in shares of BlackRock in the 3rd quarter worth $26,000. Fairscale Capital LLC purchased a new stake in BlackRock in the second quarter worth about $31,000. West Financial Advisors LLC bought a new position in shares of BlackRock in the fourth quarter worth about $39,000. Reston Wealth Management LLC bought a new position in shares of BlackRock during the 3rd quarter valued at approximately $37,000. Finally, MFA Wealth Advisors LLC increased 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 worth $38,000 after acquiring an additional 20 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BLK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft increased their price target on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Evercore ISI upped their price objective on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays reduced their price objective on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Finally, StockNews.com started coverage on BlackRock in a report on Thursday, January 16th. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $1,103.33.

Insiders Place Their Bets

In related news, COO Robert L. Goldstein sold 54,000 shares of the business’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 transaction 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. The trade was a 56.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $37,851,121.00. Following the completion of the sale, the director now directly owns 6,480 shares of the company’s stock, valued at $6,777,432. The trade was a 84.81 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

BlackRock Stock Up 0.9 %

Shares of NYSE BLK opened at $1,004.23 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a 50-day simple moving average of $1,027.33 and a two-hundred day simple moving average of $948.40. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,082.45. The company has a market cap of $155.54 billion, a P/E ratio of 24.78, a PEG ratio of 1.53 and a beta of 1.28.

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

BlackRock Dividend Announcement

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

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.