BlackRock, Inc. (NYSE:BLK) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its position in shares of BlackRock, Inc. (NYSE:BLK) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 8,002 shares of the asset manager’s stock after acquiring an additional 200 shares during the period. Coldstream Capital Management Inc.’s holdings in BlackRock were worth $7,616,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Pathway Financial Advisers LLC boosted its position in shares of BlackRock by 89,389.4% during the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after buying an additional 1,044,962 shares during the period. International Assets Investment Management LLC raised its stake in BlackRock by 104,468.9% during the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock valued at $7,526,120,000 after acquiring an additional 791,874 shares in the last quarter. FMR LLC boosted its position in BlackRock by 10.6% during the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock worth $2,244,608,000 after acquiring an additional 226,135 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of BlackRock in the third quarter worth $115,377,000. Finally, Sarasin & Partners LLP increased its holdings in shares of BlackRock by 174.8% during the second quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock valued at $145,096,000 after purchasing an additional 117,218 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insider Activity at BlackRock

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of BlackRock 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 sale, the chief operating officer now directly owns 41,916 shares in the company, valued at $43,845,393.48. The trade was a 56.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Christopher J. Meade sold 18,000 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $1,045.83, for a total transaction of $18,824,940.00. Following the transaction, the general counsel now owns 8,628 shares in the company, valued at $9,023,421.24. This represents a 67.60 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,190 shares of company stock valued at $113,161,681. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

BLK has been the subject of a number of recent analyst reports. TD Cowen increased their target price on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Barclays raised their price objective on shares of BlackRock from $1,120.00 to $1,220.00 and gave the company an “overweight” rating in a research note on Monday. StockNews.com started coverage on BlackRock in a research report on Saturday. They issued a “hold” rating for the company. Wells Fargo & Company lifted their price target on BlackRock from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,027.31.

BlackRock Trading Up 0.4 %

Shares of BLK opened at $1,047.43 on Tuesday. The business’s 50-day moving average price is $1,006.40 and its 200 day moving average price is $898.79. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $162.23 billion, a P/E ratio of 25.85, a P/E/G ratio of 1.88 and a beta of 1.28. BlackRock, Inc. has a 1-year low of $744.32 and a 1-year high of $1,068.34.

BlackRock (NYSE:BLK) last released its earnings results on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.42 by $1.04. The business had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the firm posted $10.91 earnings per share. Analysts expect that BlackRock, Inc. will post 43.18 earnings per share for the current year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th will be issued a dividend of $5.10 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 1.95%. BlackRock’s dividend payout ratio is 50.35%.

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.