BlackRock, Inc. (NYSE:BLK) Stake Lifted by Mogy Joel R Investment Counsel Inc.

Mogy Joel R Investment Counsel Inc. grew its position in shares of BlackRock, Inc. (NYSE:BLK) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,233 shares of the asset manager’s stock after acquiring an additional 75 shares during the quarter. BlackRock comprises about 0.9% of Mogy Joel R Investment Counsel Inc.’s investment portfolio, making the stock its 27th largest holding. Mogy Joel R Investment Counsel Inc.’s holdings in BlackRock were worth $15,616,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Oddo BHF Asset Management Sas acquired a new position in BlackRock during the 3rd quarter valued at about $518,000. Erste Asset Management GmbH bought a new stake in shares of BlackRock during the third quarter valued at approximately $32,904,000. Raymond James Trust N.A. boosted its position in shares of BlackRock by 2.3% during the third quarter. Raymond James Trust N.A. now owns 27,092 shares of the asset manager’s stock worth $25,724,000 after buying an additional 614 shares during the period. MML Investors Services LLC grew its holdings in BlackRock by 2.8% in the 3rd quarter. MML Investors Services LLC now owns 68,466 shares of the asset manager’s stock worth $65,010,000 after buying an additional 1,852 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its position in BlackRock by 20.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,338 shares of the asset manager’s stock valued at $3,169,000 after acquiring an additional 565 shares during the period. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Performance

BLK opened at $1,004.23 on Tuesday. The business has a fifty day simple moving average of $1,026.34 and a 200-day simple moving average of $949.91. The firm has a market cap of $155.54 billion, a PE ratio of 23.91, a P/E/G ratio of 1.82 and a beta of 1.28. 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 fifty-two week low of $745.55 and a fifty-two week high of $1,082.45.

BlackRock (NYSE:BLK) last released its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share for the quarter, beating analysts’ consensus estimates of $11.52 by $0.41. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a return on equity of 16.32% and a net margin of 31.21%. BlackRock’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same quarter last year, the company posted $9.66 EPS. As a group, equities analysts predict that BlackRock, Inc. will post 47.23 EPS for the current fiscal 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 issued a dividend of $5.10 per share. The ex-dividend date was Thursday, December 5th. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.03%. BlackRock’s dividend payout ratio is currently 48.57%.

Insider Activity at BlackRock

In related news, COO Robert L. Goldstein sold 54,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were 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 directly owns 41,916 shares of the company’s stock, valued at approximately $43,845,393.48. The trade was a 56.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark Wiedman sold 36,190 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 6,480 shares of the company’s stock, valued at approximately $6,777,432. The trade was a 84.81 % decrease in their position. The disclosure for this sale can be found here. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BLK has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 14th. Citigroup increased their target price on shares of BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company boosted their price target on shares of BlackRock from $1,155.00 to $1,175.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Finally, Morgan Stanley upped their target price on BlackRock from $1,261.00 to $1,275.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,103.33.

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.