Fi3 FINANCIAL ADVISORS LLC Has $254,000 Stake in BlackRock, Inc. (NYSE:BLK)

Fi3 FINANCIAL ADVISORS LLC increased its position in BlackRock, Inc. (NYSE:BLK) by 13.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 248 shares of the asset manager’s stock after purchasing an additional 29 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in BlackRock were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BLK. Virtu Financial LLC acquired a new stake in shares of BlackRock during the 4th quarter valued at $1,658,000. Wayfinding Financial LLC acquired a new stake in shares of BlackRock during the 4th quarter valued at $281,000. TD Private Client Wealth LLC boosted its stake in shares of BlackRock by 5.1% during the 4th quarter. TD Private Client Wealth LLC now owns 4,901 shares of the asset manager’s stock valued at $5,024,000 after buying an additional 240 shares during the period. Lee Danner & Bass Inc. acquired a new stake in shares of BlackRock during the 4th quarter valued at $64,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in shares of BlackRock by 5.0% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 7,517 shares of the asset manager’s stock valued at $7,706,000 after buying an additional 360 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 430 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $949.37, for a total transaction of $408,229.10. Following the transaction, the director now directly owns 3,720 shares in the company, valued at approximately $3,531,656.40. This represents a 10.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 20,430 shares of company stock worth $21,234,629 over the last ninety days. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. UBS Group lifted their target price on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. StockNews.com began coverage on shares of BlackRock in a report on Friday. They set a “hold” rating on the stock. Keefe, Bruyette & Woods cut their price target on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, Citigroup raised their price target on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the 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 Stock Performance

NYSE:BLK opened at $950.43 on Friday. The firm’s 50-day moving average is $980.77 and its 200-day moving average is $987.70. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,084.22. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The company has a market cap of $147.56 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating the consensus estimate of $11.52 by $0.41. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the business earned $9.66 EPS. Equities research analysts anticipate that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be given a $5.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 2.19%. BlackRock’s payout ratio is 49.62%.

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.