Transatlantique Private Wealth LLC Sells 14 Shares of BlackRock, Inc. (NYSE:BLK)

Transatlantique Private Wealth LLC lessened its holdings in shares of BlackRock, Inc. (NYSE:BLK) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 856 shares of the asset manager’s stock after selling 14 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in BlackRock were worth $877,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BLK. IAG Wealth Partners LLC purchased a new stake in shares of BlackRock in the 4th quarter worth about $26,000. Collier Financial purchased a new stake in BlackRock in the fourth quarter worth about $32,000. Compass Planning Associates Inc bought a new stake in BlackRock during the 4th quarter valued at approximately $33,000. Atwood & Palmer Inc. purchased a new position in shares of BlackRock during the 4th quarter worth approximately $36,000. Finally, West Financial Advisors LLC bought a new position in shares of BlackRock in the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 80.69% of the company’s stock.

BlackRock Price Performance

Shares of NYSE:BLK opened at $875.86 on Friday. The business has a 50-day simple moving average of $930.31 and a two-hundred day simple moving average of $985.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.23 and a current ratio of 5.23. The firm has a market cap of $135.98 billion, a price-to-earnings ratio of 20.85, a price-to-earnings-growth ratio of 1.90 and a beta of 1.38. BlackRock, Inc. has a fifty-two week low of $748.02 and a fifty-two week high of $1,084.22.

BlackRock (NYSE:BLK) last issued its quarterly earnings data on Friday, April 11th. The asset manager reported $11.30 earnings per share for the quarter, beating analysts’ consensus estimates of $10.84 by $0.46. BlackRock had a net margin of 31.21% and a return on equity of 16.32%. The company had revenue of $5.28 billion for the quarter, compared to the consensus estimate of $5.47 billion. During the same quarter in the prior year, the firm earned $9.81 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. On average, analysts expect that BlackRock, Inc. will post 47.41 earnings per share for the current year.

BlackRock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 7th were given a dividend of $5.21 per share. This represents a $20.84 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Friday, March 7th. This is a boost from BlackRock’s previous quarterly dividend of $5.10. BlackRock’s dividend payout ratio is 50.63%.

Insider Buying and Selling at BlackRock

In other news, Director J. Richard Kushel sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $1,072.64, for a total transaction of $10,726,400.00. Following the completion of the sale, the director now owns 68,433 shares of the company’s stock, valued at $73,403,973.12. This represents a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 20,430 shares of company stock valued at $21,234,629. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BLK shares. TD Cowen reduced their price target on BlackRock from $1,251.00 to $1,032.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of BlackRock from $1,215.00 to $1,275.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods dropped their price objective 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. StockNews.com began coverage on shares of BlackRock in a report on Monday, April 14th. They set a “hold” rating for the company. Finally, Wells Fargo & Company cut their price target on BlackRock from $1,065.00 to $1,035.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,077.08.

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.