BlackRock, Inc. (NYSE:BLK) Shares Acquired by Stillwater Capital Advisors LLC

Stillwater Capital Advisors LLC raised its position in shares of BlackRock, Inc. (NYSE:BLK) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,997 shares of the asset manager’s stock after buying an additional 237 shares during the quarter. BlackRock comprises 2.4% of Stillwater Capital Advisors LLC’s portfolio, making the stock its 14th largest position. Stillwater Capital Advisors LLC’s holdings in BlackRock were worth $19,474,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in BlackRock in the third quarter valued at approximately $26,000. Fairscale Capital LLC bought a new position in BlackRock during the 2nd quarter worth $31,000. Reston Wealth Management LLC bought a new stake in BlackRock in the third quarter valued at $37,000. MFA Wealth Advisors LLC boosted its holdings in shares of BlackRock by 100.0% during the third quarter. MFA Wealth Advisors LLC now owns 40 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 20 shares during the period. Finally, West Financial Advisors LLC bought a new position in shares of BlackRock during the fourth quarter worth about $39,000. Institutional investors own 80.69% of the company’s stock.

BlackRock Stock Performance

Shares of BLK opened at $1,004.23 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.06 and a quick ratio of 5.06. The firm’s 50 day moving average is $1,027.33 and its 200-day moving average is $946.18. BlackRock, Inc. has a 12-month low of $745.55 and a 12-month high of $1,082.45. The stock has a market capitalization of $155.54 billion, a P/E ratio of 24.78, a P/E/G ratio of 1.53 and a beta of 1.28.

BlackRock (NYSE:BLK) last posted its quarterly earnings results on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $0.41. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.57 billion. BlackRock had a net margin of 31.37% and a return on equity of 15.52%. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.66 earnings per share. Equities research analysts anticipate that BlackRock, Inc. will post 43.02 EPS for the current fiscal year.

BlackRock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 5th were given a $5.10 dividend. 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 2.03%. BlackRock’s dividend payout ratio (DPR) is 50.35%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BLK shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BlackRock from $1,215.00 to $1,275.00 and gave the company a “buy” rating in a research note on Thursday. Keefe, Bruyette & Woods decreased their price objective on BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating for the company in a report on Monday, January 13th. Citigroup lifted their target price on BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Evercore ISI raised their price target on BlackRock from $1,040.00 to $1,160.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, TD Cowen upped their price objective on shares of BlackRock from $960.00 to $1,077.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. 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.com, BlackRock currently has an average rating of “Moderate Buy” and a consensus target price of $1,103.33.

Insider Buying and Selling

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

About BlackRock

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.