McGlone Suttner Wealth Management Inc. Has $620,000 Holdings in BlackRock, Inc. (NYSE:BLK)

McGlone Suttner Wealth Management Inc. boosted its stake in BlackRock, Inc. (NYSE:BLK) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 764 shares of the asset manager’s stock after purchasing an additional 60 shares during the period. McGlone Suttner Wealth Management Inc.’s holdings in BlackRock were worth $620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Everhart Financial Group Inc. boosted its holdings in BlackRock by 3.2% in the 4th quarter. Everhart Financial Group Inc. now owns 450 shares of the asset manager’s stock valued at $365,000 after purchasing an additional 14 shares during the period. Holderness Investments Co. lifted its holdings in shares of BlackRock by 2.6% during the 2nd quarter. Holderness Investments Co. now owns 602 shares of the asset manager’s stock worth $416,000 after acquiring an additional 15 shares during the last quarter. Seaport Global Advisors LLC lifted its holdings in shares of BlackRock by 4.7% during the 4th quarter. Seaport Global Advisors LLC now owns 353 shares of the asset manager’s stock worth $250,000 after acquiring an additional 16 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of BlackRock by 0.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 3,733 shares of the asset manager’s stock worth $2,646,000 after acquiring an additional 16 shares during the last quarter. Finally, CRA Financial Services LLC raised its position in BlackRock by 4.3% in the 3rd quarter. CRA Financial Services LLC now owns 385 shares of the asset manager’s stock worth $249,000 after purchasing an additional 16 shares during the period. 80.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BLK. UBS Group lifted their target price on shares of BlackRock from $720.00 to $818.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. TD Cowen upgraded shares of BlackRock from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $819.00 to $938.00 in a research report on Tuesday, January 16th. JPMorgan Chase & Co. cut shares of BlackRock from an “overweight” rating to a “neutral” rating and set a $708.00 price objective on the stock. in a research report on Friday, December 15th. The Goldman Sachs Group boosted their price objective on shares of BlackRock from $719.00 to $793.00 and gave the company a “buy” rating in a research report on Thursday, November 30th. Finally, BNP Paribas upgraded shares of BlackRock from a “neutral” rating to an “outperform” rating and set a $885.00 price objective on the stock in a research report on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $785.73.

Insider Transactions at BlackRock

In other news, General Counsel Christopher J. Meade sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $282.54, for a total value of $5,085,660.60. Following the transaction, the general counsel now owns 11,914 shares in the company, valued at $3,366,142.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other BlackRock news, General Counsel Christopher J. Meade sold 3,100 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $793.86, for a total transaction of $2,460,966.00. Following the completion of the sale, the general counsel now directly owns 8,628 shares of the company’s stock, valued at $6,849,424.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Christopher J. Meade sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $282.54, for a total transaction of $5,085,660.60. Following the sale, the general counsel now directly owns 11,914 shares of the company’s stock, valued at $3,366,142.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,511 shares of company stock worth $71,864,028. Corporate insiders own 0.96% of the company’s stock.

BlackRock Stock Down 0.3 %

NYSE:BLK traded down $2.53 during mid-day trading on Thursday, hitting $832.59. 531,855 shares of the company’s stock were exchanged, compared to its average volume of 599,850. BlackRock, Inc. has a one year low of $596.18 and a one year high of $845.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.48 and a quick ratio of 3.48. The business has a fifty day moving average price of $805.17 and a 200 day moving average price of $742.68. The company has a market cap of $124.01 billion, a PE ratio of 22.80, a P/E/G ratio of 1.80 and a beta of 1.37.

BlackRock (NYSE:BLK) last posted its quarterly earnings data on Friday, January 12th. The asset manager reported $9.66 EPS for the quarter, topping the consensus estimate of $8.84 by $0.82. BlackRock had a net margin of 30.81% and a return on equity of 14.74%. The business had revenue of $4.63 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the previous year, the firm posted $8.93 earnings per share. BlackRock’s quarterly revenue was up 6.8% on a year-over-year basis. Equities analysts predict that BlackRock, Inc. will post 39.81 EPS for the current year.

BlackRock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Thursday, March 7th were paid a $5.10 dividend. This represents a $20.40 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Wednesday, March 6th. This is an increase from BlackRock’s previous quarterly dividend of $5.00. BlackRock’s dividend payout ratio is currently 55.88%.

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.