TFB Advisors LLC Has $285,000 Stake in BlackRock, Inc. (NYSE:BLK)

TFB Advisors LLC boosted its stake in shares of BlackRock, Inc. (NYSE:BLK) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278 shares of the asset manager’s stock after acquiring 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.

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

BlackRock Price Performance

BlackRock stock opened at $973.54 on Thursday. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $150.78 billion, a P/E ratio of 23.18, a PEG ratio of 1.93 and a beta of 1.28. The business has a 50-day moving average of $1,023.22 and a 200-day moving average of $971.96. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22.

BlackRock (NYSE:BLK) last issued its earnings results on Wednesday, January 15th. The asset manager reported $11.93 EPS for the quarter, beating the consensus estimate of $11.52 by $0.41. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $5.57 billion. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.66 earnings per share. On average, equities analysts anticipate that BlackRock, Inc. will post 47.44 EPS 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 issued a dividend of $5.21 per share. 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. This represents a $20.84 annualized dividend and a yield of 2.14%. BlackRock’s payout ratio is currently 48.57%.

Wall Street Analyst Weigh In

BLK has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of BlackRock from $1,150.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. StockNews.com assumed coverage on shares of BlackRock in a research note on Sunday. They set a “hold” rating on the stock. Wells Fargo & Company boosted their price objective 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. JPMorgan Chase & Co. increased their price objective on BlackRock from $914.00 to $971.00 and gave the company a “neutral” rating in a research report on Tuesday, January 14th. Finally, Evercore ISI boosted their target price on BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,120.67.

Insider Buying and Selling at BlackRock

In related news, 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 directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director J. Richard Kushel sold 10,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $1,072.64, for a total value of $10,726,400.00. Following the transaction, the director now owns 68,433 shares of the company’s stock, valued at approximately $73,403,973.12. 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 sold 110,190 shares of company stock valued at $115,163,141. Company insiders own 0.90% of the company’s stock.

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.