Icon Wealth Advisors LLC Buys 65 Shares of BlackRock, Inc. (NYSE:BLK)

Icon Wealth Advisors LLC raised its stake in shares of BlackRock, Inc. (NYSE:BLK) by 3.9% in the 3rd quarter, Holdings Channel reports. The firm owned 1,722 shares of the asset manager’s stock after acquiring an additional 65 shares during the period. Icon Wealth Advisors LLC’s holdings in BlackRock were worth $1,635,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Pathway Financial Advisers LLC increased its stake in BlackRock by 89,389.4% during the third quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after acquiring an additional 1,044,962 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of BlackRock by 104,468.9% in the 3rd quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after purchasing an additional 791,874 shares during the period. FMR LLC increased its position in shares of BlackRock by 10.6% during the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock valued at $2,244,608,000 after purchasing an additional 226,135 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in BlackRock during the 3rd quarter valued at $115,377,000. Finally, Sarasin & Partners LLP boosted its stake in BlackRock by 174.8% during the second quarter. Sarasin & Partners LLP now owns 184,291 shares of the asset manager’s stock worth $145,096,000 after buying an additional 117,218 shares during the period. 80.69% of the stock is owned by institutional investors.

BlackRock Stock Down 0.7 %

Shares of NYSE BLK opened at $1,019.45 on Friday. The stock has a market capitalization of $157.89 billion, a PE ratio of 25.16, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30. 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, Inc. has a 12-month low of $725.86 and a 12-month high of $1,068.34. The stock’s fifty day simple moving average is $993.05 and its two-hundred day simple moving average is $886.09.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Friday, October 11th. The asset manager reported $11.46 EPS for the quarter, beating the consensus estimate of $10.42 by $1.04. The business had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.03 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm posted $10.91 earnings per share. As a group, analysts expect that BlackRock, Inc. will post 43.17 EPS for the current fiscal year.

BlackRock Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th will be paid a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Thursday, December 5th. BlackRock’s dividend payout ratio (DPR) is presently 50.35%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BLK shares. TD Cowen increased their target price on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their price objective 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. StockNews.com began coverage on BlackRock in a research note on Friday. They set a “hold” rating on the stock. Morgan Stanley boosted their price objective on BlackRock from $1,150.00 to $1,245.00 and gave the company an “overweight” rating in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their target price on shares of BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,019.62.

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.