TD Private Client Wealth LLC Has $5.02 Million Stock Position in BlackRock, Inc. (NYSE:BLK)

TD Private Client Wealth LLC boosted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 5.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,901 shares of the asset manager’s stock after buying an additional 240 shares during the period. TD Private Client Wealth LLC’s holdings in BlackRock were worth $5,024,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Fidelity D & D Bancorp Inc. raised its holdings in BlackRock by 3.7% during the 3rd quarter. Fidelity D & D Bancorp Inc. now owns 277 shares of the asset manager’s stock worth $263,000 after buying an additional 10 shares during the period. Princeton Global Asset Management LLC raised its holdings in shares of BlackRock by 8.7% in the fourth quarter. Princeton Global Asset Management LLC now owns 125 shares of the asset manager’s stock valued at $128,000 after purchasing an additional 10 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of BlackRock by 0.8% in the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 1,279 shares of the asset manager’s stock valued at $1,311,000 after purchasing an additional 10 shares during the last quarter. Legacy Capital Group California Inc. raised its holdings in shares of BlackRock by 2.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 368 shares of the asset manager’s stock valued at $377,000 after purchasing an additional 10 shares during the last quarter. Finally, Studio Investment Management LLC raised its holdings in shares of BlackRock by 0.4% in the third quarter. Studio Investment Management LLC now owns 3,076 shares of the asset manager’s stock valued at $2,921,000 after purchasing an additional 11 shares during the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BLK has been the topic of a number of recent research reports. Citigroup lifted their price objective on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. StockNews.com initiated coverage on shares of BlackRock in a report on Friday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. UBS Group raised their target price on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Finally, Barclays decreased their target price on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,120.67.

Insider Activity

In other news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total value of $10,100,000.00. Following the completion of the sale, the director now owns 68,433 shares of the company’s stock, valued at approximately $69,117,330. The trade was a 12.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 20,430 shares of company stock valued at $21,234,629. 0.90% of the stock is owned by company insiders.

BlackRock Trading Down 0.3 %

BLK stock opened at $954.11 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.23 and a quick ratio of 5.23. The company has a fifty day moving average price of $980.87 and a two-hundred day moving average price of $987.36. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,084.22. The stock has a market cap of $148.13 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.28.

BlackRock (NYSE:BLK) last released 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. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $5.57 billion. During the same period in the previous year, the business posted $9.66 earnings per share. The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. Equities analysts anticipate that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Friday, March 7th will be given a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s payout ratio is presently 49.62%.

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.