BlackRock, Inc. (NYSE:BLK) Position Cut by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC lowered its position in BlackRock, Inc. (NYSE:BLK) by 1.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,227 shares of the asset manager’s stock after selling 292 shares during the period. BlackRock comprises approximately 2.6% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 8th largest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in BlackRock were worth $15,609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in BlackRock by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 397,641 shares of the asset manager’s stock valued at $313,063,000 after acquiring an additional 20,692 shares during the period. One Capital Management LLC increased its holdings in shares of BlackRock by 31.7% in the second quarter. One Capital Management LLC now owns 324 shares of the asset manager’s stock valued at $255,000 after purchasing an additional 78 shares during the period. Citizens Financial Group Inc. RI raised its stake in shares of BlackRock by 325.9% during the second quarter. Citizens Financial Group Inc. RI now owns 2,266 shares of the asset manager’s stock worth $1,784,000 after purchasing an additional 1,734 shares during the last quarter. Luts & Greenleigh Group Inc. acquired a new stake in shares of BlackRock during the second quarter worth $254,000. Finally, Edgestream Partners L.P. purchased a new position in BlackRock in the 2nd quarter valued at $383,000. 80.69% of the stock is owned by institutional investors and hedge funds.

BlackRock Price Performance

Shares of NYSE BLK opened at $962.75 on Wednesday. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.37. The stock has a market cap of $149.11 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.92 and a beta of 1.28. The company’s 50-day moving average price is $1,029.20 and its 200 day moving average price is $943.81. BlackRock, Inc. has a 52 week low of $745.55 and a 52 week high of $1,082.45.

BlackRock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 5th were paid 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 2.12%. BlackRock’s dividend payout ratio (DPR) is 50.35%.

Wall Street Analyst Weigh In

Several analysts have recently commented on BLK shares. Citigroup raised their target price on shares of BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Morgan Stanley lifted their price objective on BlackRock from $1,245.00 to $1,261.00 and gave the company an “overweight” rating in a report on Friday, December 20th. The Goldman Sachs Group increased their target price on BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Barclays decreased their price target on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on BlackRock from $1,105.00 to $1,133.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,088.67.

Insider Buying and Selling

In other BlackRock news, Director Mark Wiedman sold 36,190 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 6,480 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, COO Robert L. Goldstein sold 54,000 shares of BlackRock stock in a transaction dated 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 sale, the chief operating officer now owns 41,916 shares of the company’s stock, valued at approximately $43,845,393.48. This trade represents a 56.30 % 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

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.