Consilio Wealth Advisors LLC Takes Position in BlackRock, Inc. (NYSE:BLK)

Consilio Wealth Advisors LLC purchased a new stake in shares of BlackRock, Inc. (NYSE:BLKFree Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 207 shares of the asset manager’s stock, valued at approximately $212,000.

A number of other hedge funds have also recently made changes to their positions in BLK. Oddo BHF Asset Management Sas bought a new position in shares of BlackRock during the third quarter worth about $518,000. Erste Asset Management GmbH bought a new stake in BlackRock in the third quarter worth approximately $32,904,000. Raymond James Trust N.A. increased its holdings in BlackRock by 2.3% in the third quarter. Raymond James Trust N.A. now owns 27,092 shares of the asset manager’s stock worth $25,724,000 after purchasing an additional 614 shares in the last quarter. MML Investors Services LLC increased its holdings in BlackRock by 2.8% in the third quarter. MML Investors Services LLC now owns 68,466 shares of the asset manager’s stock worth $65,010,000 after purchasing an additional 1,852 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in BlackRock by 20.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 3,338 shares of the asset manager’s stock worth $3,169,000 after purchasing an additional 565 shares in the last quarter. 80.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BLK. Barclays lowered their target price on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a report on Monday. The Goldman Sachs Group lifted their target price on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company decreased their price objective on BlackRock from $1,200.00 to $1,155.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. TD Cowen boosted their price objective on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. boosted their price objective on BlackRock from $864.00 to $914.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, BlackRock has a consensus rating of “Moderate Buy” and an average price target of $1,083.92.

Get Our Latest Research Report on BlackRock

BlackRock Stock Performance

BLK stock traded up $0.56 during midday trading on Monday, hitting $956.20. The company’s stock had a trading volume of 562,299 shares, compared to its average volume of 696,236. The stock’s 50-day moving average price is $1,030.97 and its 200 day moving average price is $941.35. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.37. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,082.45. The stock has a market cap of $148.10 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 1.92 and a beta of 1.28.

BlackRock (NYSE:BLKGet Free Report) last posted its quarterly earnings data on Friday, October 11th. The asset manager reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.42 by $1.04. BlackRock had a return on equity of 15.52% and a net margin of 31.37%. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.03 billion. During the same quarter in the previous year, the firm earned $10.91 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. On average, equities analysts forecast that BlackRock, Inc. will post 43.18 EPS for the current year.

BlackRock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were given a dividend of $5.10 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.13%. BlackRock’s dividend payout ratio is presently 50.35%.

Insider Activity

In other news, COO Robert L. Goldstein sold 54,000 shares of the company’s 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 transaction, the chief operating officer now owns 41,916 shares of the company’s stock, valued at $43,845,393.48. This represents a 56.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Wiedman sold 36,190 shares of the business’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $1,045.90, for a total value of $37,851,121.00. Following the sale, the director now owns 6,480 shares in the company, valued at approximately $6,777,432. The trade was a 84.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.

BlackRock Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BLK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackRock, Inc. (NYSE:BLKFree Report).

Institutional Ownership by Quarter for BlackRock (NYSE:BLK)

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