Capital Investment Advisors LLC Acquires 45 Shares of BlackRock, Inc. (NYSE:BLK)

Capital Investment Advisors LLC boosted its holdings in BlackRock, Inc. (NYSE:BLK) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,456 shares of the asset manager’s stock after acquiring an additional 45 shares during the period. Capital Investment Advisors LLC’s holdings in BlackRock were worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Brookstone Capital Management raised its position in shares of BlackRock by 9.4% in the fourth quarter. Brookstone Capital Management now owns 1,014 shares of the asset manager’s stock valued at $1,039,000 after purchasing an additional 87 shares during the period. Aprio Wealth Management LLC bought a new position in BlackRock in the 4th quarter valued at about $235,000. Czech National Bank lifted its position in BlackRock by 11.3% during the fourth quarter. Czech National Bank now owns 31,566 shares of the asset manager’s stock worth $32,359,000 after acquiring an additional 3,202 shares during the last quarter. Jacobs & Co. CA acquired a new position in shares of BlackRock in the fourth quarter valued at approximately $202,000. Finally, LVM Capital Management Ltd. MI bought a new position in shares of BlackRock during the fourth quarter worth approximately $220,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft upped their price objective on BlackRock from $1,105.00 to $1,133.00 and gave the company a “buy” rating in a report on Monday, November 11th. The Goldman Sachs Group lifted their price objective on shares of BlackRock from $960.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Barclays cut their price target on BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research note on Monday. JPMorgan Chase & Co. increased their price objective on shares of BlackRock from $914.00 to $971.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, TD Cowen lifted their price target on BlackRock from $960.00 to $1,077.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, BlackRock currently has an average rating of “Moderate Buy” and an average target price of $1,088.67.

BlackRock Price Performance

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

BlackRock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 5th were paid a $5.10 dividend. This represents a $20.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Thursday, December 5th. BlackRock’s dividend payout ratio is currently 50.35%.

Insider Transactions at BlackRock

In other BlackRock news, Director Mark Wiedman sold 36,190 shares of the business’s 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 value of $37,851,121.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert L. Goldstein sold 54,000 shares of the 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 directly owns 41,916 shares in the company, valued at approximately $43,845,393.48. This represents a 56.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

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.