Catalyst Financial Partners LLC Has $854,000 Stock Position in BlackRock, Inc. (NYSE:BLK)

Catalyst Financial Partners LLC reduced its stake in shares of BlackRock, Inc. (NYSE:BLK) by 2.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 833 shares of the asset manager’s stock after selling 18 shares during the quarter. Catalyst Financial Partners LLC’s holdings in BlackRock were worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. ShoreHaven Wealth Partners LLC bought a new position in shares of BlackRock during the 4th quarter worth about $304,000. Asset Management One Co. Ltd. grew its position in BlackRock by 1.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 63,005 shares of the asset manager’s stock worth $65,778,000 after buying an additional 903 shares in the last quarter. Sunburst Financial Group LLC bought a new position in BlackRock during the fourth quarter valued at about $203,000. AFT Forsyth & Company Inc. raised its holdings in BlackRock by 2.2% in the 4th quarter. AFT Forsyth & Company Inc. now owns 2,235 shares of the asset manager’s stock valued at $2,291,000 after acquiring an additional 48 shares in the last quarter. Finally, MTM Investment Management LLC bought a new stake in shares of BlackRock in the 4th quarter worth approximately $806,000. 80.69% of the stock is owned by institutional investors.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of BlackRock stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,010.00, for a total transaction of $10,100,000.00. Following the completion of the sale, the director now owns 68,433 shares in the company, valued at $69,117,330. The trade was a 12.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Robert L. Goldstein sold 54,000 shares of BlackRock 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 sale, the chief operating officer now directly owns 41,916 shares of the company’s stock, valued at $43,845,393.48. This represents a 56.30 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,190 shares of company stock worth $115,163,141. 0.90% of the stock is currently owned by corporate insiders.

BlackRock Stock Performance

NYSE:BLK opened at $980.48 on Friday. The stock has a market capitalization of $151.86 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 1.93 and a beta of 1.28. The company has a current ratio of 5.23, a quick ratio of 5.23 and a debt-to-equity ratio of 0.45. BlackRock, Inc. has a 1 year low of $745.55 and a 1 year high of $1,084.22. The firm has a 50 day moving average of $1,021.99 and a 200-day moving average of $971.97.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Wednesday, January 15th. The asset manager reported $11.93 earnings per share (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 return on equity of 16.32% and a net margin of 31.21%. The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.66 EPS. As a group, sell-side analysts anticipate that BlackRock, Inc. will post 47.44 EPS for the current fiscal year.

BlackRock Increases Dividend

The business also recently disclosed 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 is Friday, March 7th. This represents a $20.84 dividend on an annualized basis and a yield of 2.13%. This is a positive change from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio is currently 49.62%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Citigroup boosted their price objective on BlackRock from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. UBS Group increased their price objective on shares of BlackRock from $1,017.00 to $1,045.00 and gave the company a “neutral” rating in a research note on Tuesday, January 21st. Evercore ISI raised their price objective on shares of BlackRock from $1,040.00 to $1,160.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods lowered their target price on shares of BlackRock from $1,225.00 to $1,160.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Finally, Barclays cut their price target on shares of BlackRock from $1,220.00 to $1,160.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, BlackRock has an average rating of “Moderate Buy” and a consensus target price of $1,120.67.

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.