60 Shares in BlackRock, Inc. (NYSE:BLK) Acquired by Kohmann Bosshard Financial Services LLC

Kohmann Bosshard Financial Services LLC bought a new position in shares of BlackRock, Inc. (NYSE:BLK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 60 shares of the asset manager’s stock, valued at approximately $61,000.

A number of other large investors have also recently added to or reduced their stakes in BLK. FSA Wealth Management LLC purchased a new stake in shares of BlackRock in the 3rd quarter valued at approximately $26,000. Collier Financial purchased a new stake in shares of BlackRock in the 4th quarter valued at approximately $32,000. Compass Planning Associates Inc purchased a new stake in shares of BlackRock in the 4th quarter valued at approximately $33,000. Atwood & Palmer Inc. purchased a new stake in shares of BlackRock in the 4th quarter valued at approximately $36,000. Finally, West Financial Advisors LLC purchased a new stake in shares of BlackRock in the 4th quarter valued at approximately $39,000. 80.69% of the stock is currently owned by institutional investors.

Insider Activity at BlackRock

In related news, Director Mark Wiedman sold 36,190 shares of the firm’s 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 transaction, the director now directly owns 6,480 shares in the company, valued at approximately $6,777,432. This trade represents a 84.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the completion of the transaction, the director now owns 68,433 shares in the company, valued at $73,403,973.12. The trade was a 12.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,190 shares of company stock worth $115,163,141. 0.90% of the stock is owned by insiders.

BlackRock Stock Down 1.3 %

BlackRock stock opened at $965.18 on Tuesday. The company has a market capitalization of $149.49 billion, a P/E ratio of 22.98, a P/E/G ratio of 1.90 and a beta of 1.28. The firm’s fifty day simple moving average is $1,002.25 and its 200-day simple moving average is $983.33. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a 1-year low of $745.55 and a 1-year high of $1,084.22.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. The business 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%. BlackRock’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the firm earned $9.66 EPS. Sell-side analysts forecast that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal year.

BlackRock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Friday, March 7th will be paid a $5.21 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. This represents a $20.84 dividend on an annualized basis and a yield of 2.16%. BlackRock’s dividend payout ratio (DPR) is presently 49.62%.

Analyst Ratings Changes

BLK has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Citigroup upped their price target on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. UBS Group increased their target price on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods cut their target price on shares of 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. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $1,120.67.

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.