208 Shares in BlackRock, Inc. (NYSE:BLK) Purchased by Telos Capital Management Inc.

Telos Capital Management Inc. bought a new stake in BlackRock, Inc. (NYSE:BLK) during the 4th quarter, Holdings Channel reports. The fund bought 208 shares of the asset manager’s stock, valued at approximately $213,000.

Several other institutional investors also recently modified their holdings of the business. Brookstone Capital Management grew its holdings in BlackRock by 30.9% during the 3rd quarter. Brookstone Capital Management now owns 927 shares of the asset manager’s stock worth $880,000 after acquiring an additional 219 shares during the period. Pinnacle Bancorp Inc. grew its stake in shares of BlackRock by 5.4% during the third quarter. Pinnacle Bancorp Inc. now owns 984 shares of the asset manager’s stock worth $934,000 after purchasing an additional 50 shares during the period. Agate Pass Investment Management LLC increased its holdings in BlackRock by 3.8% in the third quarter. Agate Pass Investment Management LLC now owns 679 shares of the asset manager’s stock valued at $645,000 after purchasing an additional 25 shares during the last quarter. Watts Gwilliam & Co. LLC bought a new position in BlackRock during the third quarter worth about $340,000. Finally, Albion Financial Group UT grew its position in shares of BlackRock by 2.5% during the 3rd quarter. Albion Financial Group UT now owns 11,570 shares of the asset manager’s stock worth $10,986,000 after buying an additional 284 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the transaction, the director now directly owns 6,480 shares in the company, valued at $6,777,432. The trade was a 84.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director J. Richard Kushel sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the completion of the sale, the director now owns 68,433 shares of the company’s stock, valued at $73,403,973.12. This trade 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 valued at $115,163,141 in the last 90 days. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BLK has been the topic of several recent analyst reports. UBS Group lifted their price objective on shares of BlackRock from $1,017.00 to $1,045.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Evercore ISI boosted their price target on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company lifted their target price on BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. JPMorgan Chase & Co. increased their price target on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Finally, Citigroup lifted their price objective 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 research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, BlackRock presently has an average rating of “Moderate Buy” and an average price target of $1,120.67.

BlackRock Price Performance

Shares of BLK opened at $991.95 on Friday. The company has a quick ratio of 5.23, a current ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a twelve month low of $745.55 and a twelve month high of $1,084.22. The stock has a market capitalization of $153.63 billion, a P/E ratio of 23.62, a P/E/G ratio of 2.06 and a beta of 1.28. The company has a 50 day moving average of $1,025.55 and a 200-day moving average of $967.09.

BlackRock (NYSE:BLK) last issued its quarterly 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. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. During the same period in the previous year, the business earned $9.66 EPS. The company’s revenue was up 22.6% compared to the same quarter last year. As a group, equities research analysts forecast that BlackRock, Inc. will post 47.45 EPS for the current fiscal year.

BlackRock Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be paid a $5.21 dividend. This represents a $20.84 dividend on an annualized basis and a yield of 2.10%. This is an increase from BlackRock’s previous quarterly dividend of $5.10. The ex-dividend date of this dividend is Friday, March 7th. BlackRock’s dividend payout ratio (DPR) is currently 48.57%.

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.