BlackRock, Inc. (NYSE:BLK) Shares Purchased by Field & Main Bank

Field & Main Bank boosted its holdings in BlackRock, Inc. (NYSE:BLK) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,300 shares of the asset manager’s stock after buying an additional 61 shares during the period. Field & Main Bank’s holdings in BlackRock were worth $1,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FSA Wealth Management LLC purchased a new stake in BlackRock in the third quarter valued at approximately $26,000. Atwood & Palmer Inc. purchased a new stake in shares of BlackRock during the 4th quarter valued at $36,000. West Financial Advisors LLC acquired a new stake in shares of BlackRock during the 4th quarter worth $39,000. Reston Wealth Management LLC purchased a new position in shares of BlackRock in the 3rd quarter worth $37,000. Finally, MFA Wealth Advisors LLC boosted its holdings in BlackRock by 100.0% in the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BLK shares. JPMorgan Chase & Co. upped their price target on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Wells Fargo & Company raised their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley boosted their price objective on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research note 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, Citigroup increased their price target on BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,120.67.

Insider Transactions at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was 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 directly owns 68,433 shares of the company’s stock, 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 through this link. Also, Director Mark Wiedman sold 36,190 shares of the 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 transaction, the director now directly owns 6,480 shares in the company, valued at approximately $6,777,432. This represents a 84.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,190 shares of company stock valued at $104,436,741. Insiders own 0.90% of the company’s stock.

BlackRock Trading Up 0.4 %

NYSE:BLK opened at $1,055.53 on Wednesday. BlackRock, Inc. has a one year low of $745.55 and a one year high of $1,082.45. The business’s 50-day simple moving average is $1,024.30 and its 200 day simple moving average is $958.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The stock has a market cap of $163.48 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 1.82 and a beta of 1.28.

BlackRock (NYSE:BLK) last announced its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the prior year, the company posted $9.66 EPS. BlackRock’s quarterly revenue was up 22.6% on a year-over-year basis. As a group, sell-side analysts predict that BlackRock, Inc. will post 47.43 earnings per share for the current fiscal year.

BlackRock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 5th were issued a dividend of $5.10 per share. This represents a $20.40 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, December 5th. BlackRock’s dividend payout ratio is currently 48.57%.

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.