2,504 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by PFW Advisors LLC

PFW Advisors LLC bought a new stake in BlackRock, Inc. (NYSE:BLK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,504 shares of the asset manager’s stock, valued at approximately $2,567,000. BlackRock accounts for 0.8% of PFW Advisors LLC’s investment portfolio, making the stock its 28th biggest position.

Several other large investors have also modified their holdings of BLK. Oddo BHF Asset Management Sas purchased a new stake in shares of BlackRock in the 3rd quarter valued at $518,000. Erste Asset Management GmbH purchased a new stake in BlackRock during the 3rd quarter worth approximately $32,904,000. Raymond James Trust N.A. lifted its holdings in BlackRock by 2.3% during the 3rd quarter. Raymond James Trust N.A. now owns 27,092 shares of the asset manager’s stock worth $25,724,000 after buying an additional 614 shares in the last quarter. MML Investors Services LLC boosted its position in BlackRock by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 68,466 shares of the asset manager’s stock valued at $65,010,000 after buying an additional 1,852 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of BlackRock by 20.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 3,338 shares of the asset manager’s stock worth $3,169,000 after acquiring an additional 565 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

BlackRock Stock Performance

Shares of BLK traded down $1.45 during mid-day trading on Monday, hitting $954.19. 793,917 shares of the company’s stock were exchanged, compared to its average volume of 734,010. The firm has a market capitalization of $147.78 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.92 and a beta of 1.28. BlackRock, Inc. has a fifty-two week low of $745.55 and a fifty-two week high of $1,082.45. The business’s 50 day moving average is $1,030.97 and its two-hundred day moving average is $941.35. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37.

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

BlackRock Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were paid a $5.10 dividend. This represents a $20.40 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Thursday, December 5th. BlackRock’s dividend payout ratio (DPR) is presently 50.35%.

Analysts Set New Price Targets

Several research firms recently commented on BLK. The Goldman Sachs Group boosted their target price on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Keefe, Bruyette & Woods lowered their price objective on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a research report on Monday. Barclays decreased their price target on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research note on Monday. JPMorgan Chase & Co. increased their price objective on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of BlackRock from $1,105.00 to $1,133.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and an average price target of $1,083.92.

Insider Activity

In related news, COO Robert L. Goldstein sold 54,000 shares of BlackRock 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 transaction of $56,485,620.00. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark Wiedman sold 36,190 shares of the 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 sale, the director now owns 6,480 shares in the company, valued at approximately $6,777,432. This trade represents a 84.81 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

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.