Baldwin Wealth Partners LLC MA Acquires 1,418 Shares of BlackRock, Inc. (NYSE:BLK)

Baldwin Wealth Partners LLC MA lifted its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 600.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,654 shares of the asset manager’s stock after purchasing an additional 1,418 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in BlackRock were worth $1,696,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new stake in BlackRock in the third quarter valued at $26,000. Atwood & Palmer Inc. acquired a new stake in shares of BlackRock in the 4th quarter valued at about $36,000. West Financial Advisors LLC acquired a new position in BlackRock during the 4th quarter worth approximately $39,000. Reston Wealth Management LLC bought a new position in BlackRock in the third quarter worth approximately $37,000. Finally, MFA Wealth Advisors LLC grew its stake in BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were 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 $69,117,330. This represents a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Robert L. Goldstein sold 54,000 shares of BlackRock stock in a transaction 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 completion of the sale, 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 disclosure for this sale can be found here. Insiders sold 100,190 shares of company stock valued at $104,436,741 over the last three months. Insiders own 0.90% of the company’s stock.

BlackRock Stock Performance

Shares of BLK stock opened at $1,011.19 on Monday. 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 cap of $156.61 billion, a price-to-earnings ratio of 24.09, a P/E/G 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. The firm’s 50-day simple moving average is $1,024.23 and its two-hundred day simple moving average is $955.97.

BlackRock (NYSE:BLK) last announced its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. The firm had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period in the prior year, the firm posted $9.66 earnings per share. As a group, equities analysts forecast that BlackRock, Inc. will post 47.43 earnings per share for the current year.

BlackRock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were given a dividend of $5.10 per share. The ex-dividend date was Thursday, December 5th. This represents a $20.40 annualized dividend and a dividend yield of 2.02%. BlackRock’s dividend payout ratio (DPR) is presently 48.57%.

Analysts Set New Price Targets

BLK has been the subject of several research reports. UBS Group lifted their price target on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. The Goldman Sachs Group raised their price target on shares of BlackRock from $960.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Morgan Stanley boosted their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Three 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 stock has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

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.