Holistic Financial Partners Sells 16 Shares of BlackRock, Inc. (NYSE:BLK)

Holistic Financial Partners trimmed its position in shares of BlackRock, Inc. (NYSE:BLK) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 535 shares of the asset manager’s stock after selling 16 shares during the quarter. Holistic Financial Partners’ holdings in BlackRock were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of BLK. Pathway Financial Advisers LLC raised its holdings in BlackRock by 89,389.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock worth $993,312,000 after purchasing an additional 1,044,962 shares during the period. Montrusco Bolton Investments Inc. bought a new stake in BlackRock during the fourth quarter valued at about $343,976,000. Assenagon Asset Management S.A. bought a new stake in BlackRock during the fourth quarter valued at about $330,662,000. FMR LLC raised its holdings in BlackRock by 10.6% during the third quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock valued at $2,244,608,000 after acquiring an additional 226,135 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in BlackRock during the third quarter valued at about $115,377,000. 80.69% of the stock is owned by institutional investors.

BlackRock Trading Down 1.5 %

BLK opened at $974.97 on Monday. The firm has a market cap of $151.00 billion, a P/E ratio of 23.21, a P/E/G ratio of 1.90 and a beta of 1.28. BlackRock, Inc. has a 12 month low of $745.55 and a 12 month high of $1,084.22. 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 has a 50-day moving average of $1,011.61 and a 200 day moving average of $978.98.

BlackRock (NYSE:BLK) last released its quarterly 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 company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter last year, the business posted $9.66 earnings per share. As a group, research analysts forecast that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be given a $5.21 dividend. The ex-dividend date is Friday, March 7th. This represents a $20.84 annualized dividend and a yield of 2.14%. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio (DPR) is currently 48.57%.

Insider Buying and Selling at BlackRock

In other BlackRock news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the completion of the transaction, the director now owns 68,433 shares in the company, valued at $69,117,330. The trade was a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 6,480 shares of the company’s stock, valued at $6,777,432. This trade represents a 84.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,190 shares of company stock worth $115,163,141 over the last 90 days. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on BLK. JPMorgan Chase & Co. raised their price target on BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Barclays decreased their price target on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their price target on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods cut 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, January 13th. Finally, Morgan Stanley raised their price objective on BlackRock from $1,261.00 to $1,275.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BlackRock 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.