BSW Wealth Partners Grows Stock Position in BlackRock, Inc. (NYSE:BLK)

BSW Wealth Partners raised its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 6.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231 shares of the asset manager’s stock after acquiring an additional 13 shares during the quarter. BSW Wealth Partners’ holdings in BlackRock were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Prospect Financial Services LLC purchased a new position in shares of BlackRock during the 4th quarter worth approximately $501,000. Proathlete Wealth Management LLC purchased a new stake in shares of BlackRock in the fourth quarter valued at $213,000. Mattern Wealth Management LLC purchased a new stake in BlackRock during the 4th quarter worth about $2,017,000. FSC Wealth Advisors LLC acquired a new stake in shares of BlackRock during the 4th quarter worth about $56,000. Finally, Nilsine Partners LLC acquired a new stake in BlackRock during the fourth quarter worth approximately $2,621,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their price target on shares of 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 cut their price objective 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. StockNews.com assumed coverage on BlackRock in a research report on Friday, January 24th. They issued a “hold” rating for the company. Finally, JPMorgan Chase & Co. raised their target price on BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,120.67.

Insider Activity

In other news, COO Robert L. Goldstein sold 54,000 shares of BlackRock stock in a transaction dated 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 directly owns 41,916 shares of the company’s stock, valued at approximately $43,845,393.48. The trade was a 56.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the sale, the director now owns 68,433 shares in the company, valued at approximately $69,117,330. This trade represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 100,190 shares of company stock worth $104,436,741. 0.90% of the stock is currently owned by insiders.

BlackRock Stock Performance

BlackRock stock opened at $1,053.50 on Thursday. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The stock has a 50 day moving average of $1,024.30 and a 200-day moving average of $958.99. The stock has a market cap of $163.17 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.28. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,082.45.

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, topping the consensus estimate of $11.52 by $0.41. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. During the same period last year, the business earned $9.66 EPS. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts expect that BlackRock, Inc. will post 47.43 EPS for the current fiscal year.

BlackRock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be given a $5.21 dividend. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 annualized dividend and a dividend yield of 1.98%. BlackRock’s dividend payout ratio (DPR) is presently 48.57%.

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.