Trilogy Capital Inc. Sells 18 Shares of BlackRock, Inc. (NYSE:BLK)

Trilogy Capital Inc. cut its holdings in BlackRock, Inc. (NYSE:BLK) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 511 shares of the asset manager’s stock after selling 18 shares during the period. Trilogy Capital Inc.’s holdings in BlackRock were worth $524,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BLK. Pathway Financial Advisers LLC increased its stake in shares of BlackRock by 89,389.4% in the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after purchasing an additional 1,044,962 shares during the period. International Assets Investment Management LLC increased its stake in shares of BlackRock by 104,468.9% in the third quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after purchasing an additional 791,874 shares during the period. Montrusco Bolton Investments Inc. acquired a new stake in BlackRock during the fourth quarter worth about $343,976,000. Assenagon Asset Management S.A. acquired a new stake in BlackRock during the fourth quarter worth about $330,662,000. Finally, FMR LLC grew its position in BlackRock by 10.6% during the third quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock worth $2,244,608,000 after buying an additional 226,135 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors.

BlackRock Stock Down 0.8 %

Shares of BLK opened at $1,005.99 on Friday. The company has a market capitalization of $155.81 billion, a P/E ratio of 23.95, a PEG ratio of 2.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,084.22. The business’s 50 day simple moving average is $1,025.82 and its 200-day simple moving average is $966.82.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping the consensus estimate of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The business had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the previous year, the business earned $9.66 EPS. BlackRock’s revenue was up 22.6% compared to the same quarter last year. As a group, sell-side analysts predict that BlackRock, Inc. will post 47.45 EPS for the current fiscal year.

BlackRock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a $5.21 dividend. This represents a $20.84 annualized dividend and a yield of 2.07%. The ex-dividend date is Friday, March 7th. This is a boost from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s payout ratio is 48.57%.

Insider Buying and Selling

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $43,845,393.48. The trade was a 56.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the company’s stock in a transaction on Friday, December 6th. The shares were 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 $6,777,432. The trade was a 84.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,190 shares of company stock worth $115,163,141 in the last quarter. Insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BLK shares. Evercore ISI lifted their target price on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their target price on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Barclays decreased their target price on 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. TD Cowen lifted their price objective on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods decreased their price objective on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Three equities 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, the company presently has an average rating of “Moderate Buy” and an average target price of $1,120.67.

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.