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

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in shares of BlackRock in the 3rd quarter valued at about $26,000. Collier Financial bought a new position in BlackRock during the 4th quarter valued at approximately $32,000. Compass Planning Associates Inc bought a new position in BlackRock during the 4th quarter valued at approximately $33,000. Atwood & Palmer Inc. bought a new position in BlackRock during the 4th quarter valued at approximately $36,000. Finally, West Financial Advisors LLC bought a new position in BlackRock during the 4th quarter valued at approximately $39,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Performance

BlackRock stock opened at $974.97 on Monday. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $151.00 billion, a P/E ratio of 23.21, a PEG ratio of 1.90 and a beta of 1.28. The stock’s 50 day moving average is $1,011.61 and its 200 day moving average is $978.98. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,084.22.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, topping the consensus estimate of $11.52 by $0.41. The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.66 EPS. On average, equities research analysts predict that BlackRock, Inc. will post 47.41 earnings per share for the current fiscal 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 paid a $5.21 dividend. The ex-dividend date is Friday, March 7th. This represents a $20.84 annualized dividend and a dividend yield of 2.14%. This is an increase from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio is presently 48.57%.

Insider Buying and Selling

In other BlackRock news, COO Robert L. Goldstein sold 54,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $1,046.03, for a total transaction of $56,485,620.00. Following the sale, the chief operating officer now directly owns 41,916 shares in the company, valued at approximately $43,845,393.48. This trade represents a 56.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction on 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 sale, the director now owns 68,433 shares in the company, valued at approximately $69,117,330. This represents a 12.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 110,190 shares of company stock worth $115,163,141 in the last 90 days. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BLK shares. Deutsche Bank Aktiengesellschaft upped their price target on BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Barclays lowered their price target on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. StockNews.com started coverage on BlackRock in a research report on Monday, February 17th. They set a “hold” rating for the company. UBS Group upped their price target on BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research report on Tuesday, January 21st. Finally, Citigroup increased their target price on BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, BlackRock currently 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.