229 Shares in BlackRock, Inc. (NYSE:BLK) Purchased by Aprio Wealth Management LLC

Aprio Wealth Management LLC bought a new position in BlackRock, Inc. (NYSE:BLK) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 229 shares of the asset manager’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pathway Financial Advisers LLC raised its position in BlackRock by 89,389.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 1,046,131 shares of the asset manager’s stock valued at $993,312,000 after purchasing an additional 1,044,962 shares in the last quarter. International Assets Investment Management LLC lifted its stake in BlackRock by 104,468.9% in the third quarter. International Assets Investment Management LLC now owns 792,632 shares of the asset manager’s stock worth $7,526,120,000 after acquiring an additional 791,874 shares during the period. FMR LLC grew its holdings in BlackRock by 10.6% during the 3rd quarter. FMR LLC now owns 2,363,965 shares of the asset manager’s stock worth $2,244,608,000 after acquiring an additional 226,135 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in BlackRock during the 3rd quarter valued at about $115,377,000. Finally, BNP Paribas Financial Markets lifted its position in shares of BlackRock by 48.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 337,172 shares of the asset manager’s stock worth $320,148,000 after purchasing an additional 109,771 shares during the period. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Performance

Shares of BLK stock opened at $954.19 on Tuesday. The stock has a market cap of $147.78 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 1.92 and a beta of 1.28. BlackRock, Inc. has a 52-week low of $745.55 and a 52-week high of $1,082.45. The business has a 50-day simple moving average of $1,030.22 and a 200-day simple moving average of $942.57. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37.

BlackRock (NYSE:BLK) last posted 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. The firm 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 business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $10.91 EPS. On average, equities analysts expect that BlackRock, Inc. will post 43.18 EPS for the current year.

BlackRock Dividend Announcement

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 dividend of $5.10 per share. This represents a $20.40 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, December 5th. BlackRock’s payout ratio is currently 50.35%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted 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. TD Cowen increased their price target on shares of BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Evercore ISI boosted their price objective on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com began coverage on shares of BlackRock in a report on Wednesday, January 8th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. increased their price objective on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, BlackRock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,083.92.

Insider Activity at BlackRock

In other news, Director Mark Wiedman sold 36,190 shares of BlackRock stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total value of $37,851,121.00. Following the sale, the director now directly owns 6,480 shares of the company’s stock, valued at $6,777,432. The trade was a 84.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Robert L. Goldstein sold 54,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $1,046.03, for a total value of $56,485,620.00. Following the completion of the transaction, the chief operating officer now owns 41,916 shares in the company, valued at $43,845,393.48. The trade was a 56.30 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

About BlackRock

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.