Zhang Financial LLC grew its position in shares of BlackRock, Inc. (NYSE:BLK – Free Report) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 945 shares of the asset manager’s stock after purchasing an additional 52 shares during the period. Zhang Financial LLC’s holdings in BlackRock were worth $969,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC acquired a new position in BlackRock in the third quarter valued at $26,000. Fairscale Capital LLC acquired a new position in shares of BlackRock during the 2nd quarter valued at about $31,000. Reston Wealth Management LLC acquired a new position in shares of BlackRock during the 3rd quarter valued at about $37,000. MFA Wealth Advisors LLC lifted its holdings in shares of BlackRock by 100.0% during 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 during the period. Finally, West Financial Advisors LLC acquired a new stake in shares of BlackRock in the fourth quarter worth approximately $39,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at BlackRock
In related news, COO Robert L. Goldstein sold 54,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the sale, the chief operating officer now owns 41,916 shares of the company’s stock, valued at approximately $43,845,393.48. This trade represents a 56.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were 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 owns 6,480 shares in the company, valued at $6,777,432. The trade was a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on BlackRock
BlackRock Price Performance
BLK opened at $1,004.23 on Monday. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,082.45. The firm has a market cap of $155.54 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 1.53 and a beta of 1.28. 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 company has a fifty day simple moving average of $1,027.33 and a 200 day simple moving average of $947.28.
BlackRock (NYSE:BLK – Get Free Report) last posted its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $0.41. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. BlackRock’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the previous year, the business earned $9.66 EPS. Equities research analysts expect that BlackRock, Inc. will post 43.02 EPS for the current fiscal year.
BlackRock Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were issued a $5.10 dividend. 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 (DPR) is 50.35%.
About BlackRock
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.
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