TFB Advisors LLC Acquires 45 Shares of BlackRock, Inc. (NYSE:BLK)

TFB Advisors LLC boosted its holdings in BlackRock, Inc. (NYSE:BLK) by 19.3% in the fourth quarter, Holdings Channel reports. The firm owned 278 shares of the asset manager’s stock after purchasing an additional 45 shares during the quarter. TFB Advisors LLC’s holdings in BlackRock were worth $285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new position in shares of BlackRock in the 3rd quarter valued at about $26,000. Collier Financial acquired a new position in BlackRock during the fourth quarter valued at approximately $32,000. Atwood & Palmer Inc. acquired a new position in BlackRock during the fourth quarter valued at approximately $36,000. Reston Wealth Management LLC bought a new position in BlackRock in the third quarter valued at approximately $37,000. Finally, MFA Wealth Advisors LLC raised its stake in shares of BlackRock by 100.0% during the 3rd quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock worth $38,000 after purchasing an additional 20 shares in the last quarter. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BLK shares. StockNews.com initiated coverage on shares of BlackRock in a research note on Sunday. They issued a “hold” rating for the company. Evercore ISI lifted their price objective on shares of BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods dropped their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft lifted their price target on BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a report on Thursday, January 16th. Finally, UBS Group upped their price objective on BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, BlackRock has an average rating of “Moderate Buy” and a consensus price target of $1,120.67.

BlackRock Stock Performance

NYSE:BLK opened at $973.54 on Thursday. The stock has a 50 day simple moving average of $1,023.22 and a 200 day simple moving average of $971.96. The stock has a market cap of $150.78 billion, a P/E ratio of 23.18, a PEG ratio of 1.93 and a beta of 1.28. BlackRock, Inc. has a 1-year low of $745.55 and a 1-year high of $1,084.22. 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 (NYSE:BLK) last posted its earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $5.57 billion. During the same quarter last year, the firm earned $9.66 earnings per share. The company’s revenue was up 22.6% on a year-over-year basis. Research analysts anticipate that BlackRock, Inc. will post 47.44 earnings per share for the current year.

BlackRock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Friday, March 7th will be given a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, March 7th. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio is presently 48.57%.

Insider Transactions at BlackRock

In other news, Director Mark Wiedman sold 36,190 shares of the stock in a transaction on Friday, December 6th. The stock was sold at an average price of $1,045.90, for a total transaction of $37,851,121.00. Following the sale, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $6,777,432. This represents a 84.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the director now directly owns 68,433 shares of the company’s stock, valued at approximately $69,117,330. This trade represents a 12.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 110,190 shares of company stock valued at $115,163,141. 0.90% of the stock is currently owned by company insiders.

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.