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

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

A number of other hedge funds also recently made changes to their positions in BLK. United Bank increased its position in shares of BlackRock by 1.1% during the 3rd quarter. United Bank now owns 1,121 shares of the asset manager’s stock worth $1,064,000 after purchasing an additional 12 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of BlackRock during the 3rd quarter worth about $334,000. Prospera Private Wealth LLC acquired a new stake in shares of BlackRock during the 3rd quarter worth about $216,000. Strategy Asset Managers LLC increased its position in shares of BlackRock by 3.1% during the 3rd quarter. Strategy Asset Managers LLC now owns 629 shares of the asset manager’s stock worth $597,000 after purchasing an additional 19 shares in the last quarter. Finally, Citizens Financial Group Inc. RI increased its position in shares of BlackRock by 43.9% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 3,260 shares of the asset manager’s stock worth $3,096,000 after purchasing an additional 994 shares in the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BLK. 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. Barclays decreased their price objective on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company increased their price objective on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley increased their price objective on shares of BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Citigroup increased their price objective on shares of BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, BlackRock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,120.67.

BlackRock Stock Down 0.3 %

Shares of NYSE BLK opened at $954.11 on Friday. The firm has a market capitalization of $148.13 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 1.90 and a beta of 1.28. 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. The firm’s 50-day moving average is $980.87 and its 200-day moving average is $987.36.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.52 by $0.41. The company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company’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. Equities analysts expect that BlackRock, Inc. will post 47.41 EPS for the current year.

BlackRock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors 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%. This is an increase from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date is Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is currently 49.62%.

Insider Activity at BlackRock

In related news, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the sale, the director now directly owns 68,433 shares in the company, valued at $73,403,973.12. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 20,430 shares of company stock worth $21,234,629 in the last ninety days. Company insiders own 0.90% of the company’s stock.

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.