BlackRock, Inc. (NYSE:BLK) Holdings Reduced by Teamwork Financial Advisors LLC

Teamwork Financial Advisors LLC lessened its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 17.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 197 shares of the asset manager’s stock after selling 41 shares during the period. Teamwork Financial Advisors LLC’s holdings in BlackRock were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. AE Wealth Management LLC increased its holdings in shares of BlackRock by 19.9% during the second quarter. AE Wealth Management LLC now owns 1,162 shares of the asset manager’s stock valued at $915,000 after purchasing an additional 193 shares during the period. Fred Alger Management LLC grew its position in BlackRock by 8.2% in the 2nd quarter. Fred Alger Management LLC now owns 10,983 shares of the asset manager’s stock valued at $8,647,000 after buying an additional 830 shares in the last quarter. AQR Capital Management LLC increased its stake in BlackRock by 176.9% during the 2nd quarter. AQR Capital Management LLC now owns 78,797 shares of the asset manager’s stock valued at $62,026,000 after buying an additional 50,342 shares during the period. APG Asset Management N.V. raised its position in shares of BlackRock by 3.3% during the 2nd quarter. APG Asset Management N.V. now owns 343,581 shares of the asset manager’s stock worth $252,399,000 after buying an additional 10,873 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of BlackRock by 2.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager’s stock worth $1,310,762,000 after acquiring an additional 46,728 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of the 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 owns 41,916 shares in the company, valued at $43,845,393.48. This represents a 56.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the business’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 transaction, the director now owns 6,480 shares in the company, valued at approximately $6,777,432. This represents a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,190 shares of company stock worth $104,436,741. 0.90% of the stock is owned by company insiders.

BlackRock Trading Up 1.1 %

BlackRock stock opened at $1,016.99 on Friday. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,082.45. 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 firm has a market capitalization of $157.51 billion, a price-to-earnings ratio of 24.21, a P/E/G ratio of 1.83 and a beta of 1.28. The company has a 50 day moving average price of $1,025.37 and a 200 day moving average price of $951.85.

BlackRock (NYSE:BLK) last issued 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. The business had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. BlackRock’s revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the firm posted $9.66 earnings per share. Research analysts forecast that BlackRock, Inc. will post 47.43 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently announced 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 2.01%. BlackRock’s dividend payout ratio is 48.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BLK shares. Evercore ISI boosted their target price on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Citigroup raised their target price on BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Wells Fargo & Company upped their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. StockNews.com began coverage on shares of BlackRock in a research note on Friday. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group increased their target price on shares of BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.