BlackRock, Inc. (NYSE:BLK) Shares Bought by McGuire Investment Group LLC

McGuire Investment Group LLC lifted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 0.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,812 shares of the asset manager’s stock after buying an additional 21 shares during the quarter. BlackRock makes up approximately 1.6% of McGuire Investment Group LLC’s portfolio, making the stock its 25th biggest position. McGuire Investment Group LLC’s holdings in BlackRock were worth $11,083,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Goelzer Investment Management Inc. acquired a new stake in shares of BlackRock in the 4th quarter valued at $523,000. Exchange Traded Concepts LLC raised its stake in BlackRock by 46.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,434 shares of the asset manager’s stock valued at $4,545,000 after buying an additional 1,409 shares in the last quarter. CX Institutional lifted its holdings in BlackRock by 4.0% during the 4th quarter. CX Institutional now owns 442 shares of the asset manager’s stock worth $453,000 after buying an additional 17 shares during the last quarter. Southland Equity Partners LLC boosted its position in shares of BlackRock by 55.0% during the 4th quarter. Southland Equity Partners LLC now owns 1,235 shares of the asset manager’s stock worth $1,266,000 after acquiring an additional 438 shares in the last quarter. Finally, MFA Wealth Services purchased a new position in shares of BlackRock in the 4th quarter valued at about $577,000. 80.69% of the stock is currently owned by hedge funds and other institutional investors.

BlackRock Trading Up 0.2 %

NYSE:BLK opened at $1,020.19 on Friday. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The stock’s 50 day simple moving average is $1,024.77 and its 200-day simple moving average is $952.31. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,082.45. The firm has a market cap of $158.01 billion, a P/E ratio of 24.29, a PEG ratio of 1.82 and a beta of 1.28.

BlackRock (NYSE:BLK) last announced its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, topping analysts’ consensus estimates of $11.52 by $0.41. The company had revenue of $5.68 billion during 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%. BlackRock’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.66 EPS. Equities analysts anticipate that BlackRock, Inc. will post 47.43 EPS for the current year.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th were issued a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, December 5th. BlackRock’s dividend payout ratio is presently 48.57%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upped their price target on BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Barclays dropped their target price on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. boosted their price target on shares of BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. TD Cowen raised their price objective on BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods reduced their target price on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,120.67.

Insider Transactions at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 68,433 shares of the company’s stock, valued at $69,117,330. This represents a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Robert L. Goldstein sold 54,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the completion of the sale, the chief operating officer now owns 41,916 shares of the company’s stock, valued at $43,845,393.48. This trade represents a 56.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 100,190 shares of company stock valued at $104,436,741. Corporate insiders own 0.90% of the company’s stock.

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.